IFC proposes to extend $50m local currency debt to Sri Lankan lender NDB


With IFC’s loan support of up to $50m, NDB expects to provide access to finance to agriculture related MSMEs in Sri Lanka over the next five years.

People Digest: Orrick appoints new partner; RHB ropes in head for wholesale banking

Jinsong Zhang has been appointed as partner at global law firm Orrick while Omar Siddiq Amin Noer Rashid is the new head of RHB’s wholesale bank. 

Japan’s most valuable startup wants to turn factory robots into skilled craftsmen

What sets Preferred Networks apart from the hundreds of other AI startups is its ties to Japan’s manufacturing might.

Mitsui to buy 50% stake in Taiwanese wind farm developer Yushan

Yushan is a unit of Enterprize Energy, which owns a 40 percent net interest in the Hai Long Offshore Wind development in the Taiwan Strait.

SoftBank Ventures Korea leads $2.1m round in US feminine wellness startup Rael

It has previously raised seed financing from Spigen, an Amazon top 5 seller, BAM Ventures, Strong Ventures, among others.

Asia Digest: Baidu joins Vesper round; Hyundai CRADLE invests in Metawave

Asian investors have backed US-based startups with Baidu joining Vesper round and Hyundai CRADLE investing in Metawave.

South Asian venture capital fundraising touches decade-high record at $15b

The fundraising activity in the region was buoyed by Singapore that accounted for 54 per cent of the funds closed and 58 per cent ($8.6 billion) of aggregate venture capital raised in South Asia since 2008.

Australia’s Westpac commits $37m to CVC arm Reinventure’s third fund

The latest fund will explore opportunities in the wider Asian fintech market and blockchain technology.

Zcash gets approval to trade on New York’s Gemini crypto exchange

Once Zcash begins trading on the Gemini exchange, it will be only the third currency to be granted approval to trade on the exchange, with Bitcoin and Ether being the two other approved currencies.

SoftBank’s Son says second Vision Fund to be rolled out in ‘near future’

Son said the new fund could see a return of investors in the original Vision Fund, which include the sovereign wealth funds of Saudi Arabia and Abu Dhabi, Apple Inc and Hon Hai Precision Industry Co Ltd (Foxconn).