By Ka Kay Lum
DHL eCommerce, a unit of Deutsche Post DHL Group, is ramping up presence in the Southeast Asian markets it is present in.
Investor Asia Venture Group has funded several startups in the region including Happy Fresh, iMoney, dahmakan and iprice.
The airline recently divested its remaining 25% stake in its joint venture with travel platform Expedia Group for $60 million.
Online streaming platform iflix has tied up with global content platform Wattpad to co-produce original movies based on Wattpad stories from Indonesia.
It won’t be easy for newcomers to participate in the Southeast Asia deal landscape, he said.
The shares represent approximately 3 percent of RHB’s enlarged share capital.
AirAsia Group and Expedia formed the JV, AAE Travel Pte Ltd in 2011, in which Expedia held 75 per cent stake since 2015.
Malaysia, a predominantly Muslim country better known for its recent political turbulence than its gender diversity, now has female bosses at three of its 11 homegrown investment banks.
A media report claimed that the funds are likely to undergo restructuring due to their sub-par performance and their inability to repay large amounts due to the government.
This is Petronas’ first project in the West African nation.