Ka Kay Lum

Correspondent, Malaysia
Email: kakay@dealstreetasia.com

Prudential’s Eastspring Investments appoints new CEO

Seck will succeed current CEO Guy Strapp, who is retiring after a 12-year stint with Eastspring.

Australia’s activewear retailer Lorna Jane is up for sale: Report

The bidders are believed to be mostly China and Hong Kong-based, and are keen to explore Lorna Jane’s potential growth in the Chinese market.

Värde Partners adds new partners, deputy chief investment officer

The firm has promoted Elene Lieskovska and Haseeb Malik to partners and Brad Bauer to deputy CIO.

Indonesia-focused Indies Capital hits first close for $65m tech fund

The fund is expected to reach its final close by the second quarter of 2019.

Trade war should be beneficial for Southeast Asia, say regional PEs

As the trade war between US and China intensifies, Southeast Asia may be able to emerge as a winner from it.

India to be top focus market for Allianz’s private credit business

“The new insolvency and bankruptcy (IBC) code is moving in the right direction. The framework is solid and now needs to be tested in practice,” Allianz IM CEO and CIO for Asia Ritu Arora said.

Malaysia’s e-commerce startup Signature Market raises $980k Series A

The direct-to-consumer retailer of natural and organic snacks has secured funding from investors including RHL Ventures and Axiata Digital Innovation Fund.

Surina Shukri named CEO of Malaysia’s MDEC

She succeeds Yasmin Mahmood, who relinquished her position last December to pursue a role with a tech venture in Jakarta.

Go-Jek’s Thai affiliate GET expands services to 14 Bangkok districts

Go-Jek launched the beta version of GET in three Bangkok districts – Chatuchak, Lad Prai and Wang Thong Lang, in December 2018.

PAG eyeing Australia-based Retail Food Group’s pizza business

Headquartered in Queensland, Retail Food Group claims to be Australia’s largest multi-brand retail food franchise owner, where it operates Brumby’s, Donut King, Crust Gourmet Pizza, Michel’s Patisserie and Gloria Jean’s.