Malaysia’s Creador secures $50m from ADB, raises $533m for fourth PE fund


Creador IV is on track to achieve a final close at its $550-million hard cap by January 2019.

Malaysian finance ministry to take over $4.7b Tabung Haji’s underperforming assets

Tabung Haji group managing director and chief executive Zukri Samat said the assets are primarily real estate (20 per cent) and equity holdings (80 per cent).

US fund Castlelake said to strike $800m aircraft deal with AirAsia

For AirAsia, the deal marks another move to monetize its assets as Asia’s biggest budget airline seeks to transform itself into an asset-light, digitally focused firm.

Former 1MDB president set to be charged in audit tampering case

Former Malaysian Prime Minister Najib Razak will also face new allegations, adding to the dozens of 1MDB-linked charges that he has pleaded not guilty to.

MY Digest: Grab opens R&D centre in KL, TNB invests in Indian power plant

Grab’s new R&D centre in Kuala Lumpur is its seventh after Bangalore, Beijing, Ho Chi Minh City, Jakarta, Seattle and Singapore.

Malaysia’s YTL to buy Spanish hotel property for $250m

The freehold property will be refurbished and converted into a 200-room hotel that will operate under the Marriott International Inc’s EDITION brand.

AirAsia Group inks pact to set up JV in Vietnam

It is to reaffirm its intention to set up a low-cost carrier in Vietnam.

Malaysia: MDEC’s Yasmin Mahmood to step down as CEO

A management committee will be activated as part of the transition plan to oversee the agency’s operations during the process of appointing a new CEO.

Malaysian pilgrim fund to divest under-performing assets via SPV: Report

The SPV will issue sukuk to raise cash to take over the assets from the pilgrim fund.

WeWork makes its foray into Malaysia with biggest co-working space in Southeast Asia

The first WeWork office in Malaysia will have the capacity to accommodate 1,900 members, the largest in Southeast Asia.