Australia’s sovereign fund says rising interest rates makes long-term outlook challenging


The Future Fund exceeded its return-on-investment goal for the year.

Allianz Real Estate teams up with Scape Australia to tap APAC student housing space

Allianz RE and Scape Australia will set up an Australian dollar-denominated, close-ended fund targeting to raise AUD500 million.

Japan’s new home-sharing rules may stifle Airbnb, others

The private temporary lodging law limits home-sharing to 180 days a year, a cap some hosts say makes it difficult to turn a profit.

Australian regulator to probe Uber Eats’ contracts with restaurants

Restaurateurs were disgruntled with contract terms they said left them, and not Uber, responsible for late deliveries despite being charged by Uber for the service.

IFC may invest $20m in Bangladesh LPG operator Omera Petroleum

Omera Petroleum is eyeing a $60-million capital expenditure over the next two years.

Toshiba said to mull cancelling chip unit sale if no China approval by May

A consortium led by U.S. private equity firm Bain Capital last year won a long and highly contentious battle for the unit. But Toshiba was unable to complete the sale by the agreed deadline of March 31 as it was still waiting for approval from China’s antitrust authorities.

INCJ makes growth capital investments in Tokyo’s Optical Comb, PeptiStar

INCJ will be investing $3.7 million in Optical Comb while PeptiStar will get up to $7 million from the Japanese investor.

Insurance Australia Group to sell SE Asia businesses in $500m deal

Australia’s biggest general insurer has ventures in Malaysia, Thailand, Vietnam and Indonesia in SE Asia.

Eight Roads backs Japanese web analytics firm Plaid’s $25m round

Plaid’s Karte has analysed an accumulated total of 2.2 billion users and up to ¥548bn in annual sales.

APAC healthcare deals in 2017 hit record highs, trend to continue in 2018: Bain report

Asia Pacific’s disclosed deal value surged to $7.2 billion, with 61 deals in 2017, the highest level since 2001, the report noted.