Digest: Malaysia’s MyClear, MEPS merge; OCBC sets up arm in Indonesia


PayNet will be the operator of shared payments infrastructures for the nation

People: 1MDB-hit Falcon private bank head quits; Christie’s gets Chairman for Asia

Sources say, the bank does not expect any other top level changes

MY: US asset manager Globe Ventures to invest in Port Dickson mix development

Development will be a mixed high-end properties that consists of residential, resorts and hotels

Malaysia: Cradle revamps funding programme, unveils new pre-seed product

Cradle is transforming itself into a full-fledged VC.

Malaysian telco giant Axiata buys 65% stake in Thai firm Suvitech

The acquisition will be funded through internally generated funds.

Malaysia: MyEG to buy food review website Eat Drink KL

MyEG has taken to a diversification path in the last few years

Malaysia eyes sale of Proton as SE Asia’s first auto brand runs into financial stress

Proton is seeking to sell as much as 51 percent to a foreign buyer.

Malaysia: Tenaga buys 50% in UK solar power asset for $607m

TNB bought 30% stake each in India’s GMR Energy & Turkey’s Gama Enerji in 2016.

We complement Singapore & HK as financial centres: Labuan IBFC

Labuan IBFC sees itself as complementing Singapore

Malaysia: Media Prima Labs,1337 Ventures to fund game developers

1337 Ventures and Media Prima are talking to other publishers keen to co-invest in the teams.