Ka Kay Lum

Correspondent, Malaysia
Email: kakay@dealstreetasia.com

Grab investor Beacon VC seeks to back global venture capital funds

Investing in global funds could help it source investments beyond Southeast Asia, such as in Europe, Israel or the US.

Malaysia’s state-owned Felda said to end ties with Indonesia’s Rajawali

Felda has been considering an exit from the deal which was signed in 2017 to acquire a 37 per cent stake in Rajawali’s Eagle High Plantations.

AirAsia’s digital arm to tap external investors for CVC fund, says deputy group CEO

The CVC fund will focus on investments in the travel and lifestyle sectors.

Grab Indonesia bets on hyperlocal strategy with strong customer focus to lead market share

In a heated race to become Southeast Asia’s super-app, Grab Indonesia managing director Ridzki Kramadibrata said the startup is “on good track” towards achieving that goal.

SG’s Thomson Medical Group completes property business spin-off

With the divestment of the real estate business, Thomson Medical Group becomes one of Asia’s largest pure play healthcare companies.

Video streaming startup iflix said to mull ASX listing, seek over $1b valuation

According to a news report, investment banking firms including Goldman Sachs, UBS, Macquarie Capital, Citi and Credit Suisse have been asked to pitch to iflix.

Grab kicks off strategic alliance with UOB, partners Ascendas REIT for new HQ

Consumers can now apply for a UOB card directly from the Grab app or by scanning QR codes found in Grab cars in Singapore.

Temasek-owned Accuron Technologies spins out medtech business

Accuron MedTech is said to be the largest medical device business in Southeast Asia, with a core focus on urology devices and services.

Bursa Malaysia’s outgoing CEO says IPO pipeline for 2019 looks strong

Negative market sentiments is seen as the main reason that businesses are holding back from going into the public market.

SoftBank Ventures Asia leads Israel-based Pliops’ $30m Series B round

Pliops’ Series A investors, including Intel Capital, State of Mind Ventures and Viola Ventures, and strategic investors Western Digital Capital and Xilinx also participated in the round.