Ka Kay Lum

Correspondent, Malaysia
Email: kakay@dealstreetasia.com

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.

Singapore’s Centurion to raise $22m more for global student accommodation fund

The Centurion Student Accommodation Fund is the company’s second such vehicle, which targets purpose-built student accommodation investments across the world, excluding the US.

Thai Digest: Panya Studios, GoWabi snag funding

Thai startups – live trivia game show app Panya Studios and beauty services booking platform GoWabi – have raised funds.

MIDF, Al Rajhi secure Bank Negara Malaysia approval to initiate merger talks

The merger talks must be completed in three months from the date of the letter issued by Malaysia’s central bank.

China Renaissance K2 Ventures breaks ties with spin-off outfit Next Capital

K2VC has declared that it will cease all collaborations with Next Capital and will withdraw its status as LP on grounds of IP theft.

TPG partners CICC Capital to set up China Synergy investment platform

The flagship platform is set up with a USD/RMB dual-currency structure.