Asean Dealbook: Calbee exits Philippine JV; Malaysia’s Exabytes buys HostPro2U

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Calbee’s exit comes as the Philippine joint venture continues to post losses since its establishment in 2014.

Malaysian SWF Khazanah says will segregate strategic and commercial investments

It was previously reported that Khazanah’s new board is in discussions to explore a change in its investment mandate.


People Digest: Nestle names new MY CEO; Malaysia Airlines chairman to quit

Nestle (Malaysia) Bhd current CEO Alois Hofbauer will depart the company on November 30 to pursue other interests and he will be replaced by Juan Aranols on December 1.


Axiata’s Asian dreams fade as rivals bid for its overseas units

Malaysia’s biggest wireless carrier received an offer from Singapore Press Holdings Ltd and Keppel Corp to buy out its stake in M1 Ltd.


Grab partners Fave to accelerate payments, food delivery biz in SG, MY

Grab sees strategic partnerships as a key part of its strategy to build new business areas and deepen existing ones.


Asia Digest: Grab MY partners with UEM Sunrise; Scrum Ventures, Dentsu launch accelerator

Grab Malaysia has announced its partnership with Khazanah-owned UEM Sunrise Bhd to drive cashless transactions at properties owned by the developer.


Malaysia Digest: GDex picks stake in SAP Express; Malakoff gets nod for Alam Flora deal

The participation of GDex companies in SAP Express’ IPO will enable it to tap into the express delivery industry in Indonesia.


Maybank appoints two insiders to top jobs at investment banking arm

Malayan Banking Bhd has promoted two insiders to top positions in its investment banking arm Maybank Kim Eng Group.


Malaysia’s MAVCAP to raise investment corpus up to $720m

Chief executive Jamaludin Bujang maintained that all of MAVCAP’s funds are generating positive returns.


Malaysia’s Hong Leong acquires NZ-based Manuka Health: Report

Hong Leong Group will acquire Manuka Health from Australian PE Pacific Equity Partners for $144 million.