Malaysia’s $30b pension fund to allocate more money for foreign deals

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KWAP put $30m into Uber last year as its first foreign, disruptive-tech investment.

Malaysia: Digital stock media firm Inmagine Group buys two US companies

Inmagine has acquired filmmaker community platform Story & Heart and online graphics editor Vectr.


Malaysia: CIMB’s Nazir said to plan $1b Southeast Asia PE fund

The fund plans to target investments in consumer, tech, logistics and financial services industries.


Malaysia’s Edra Power hires banks for $1.25b sukuk issue

Edra was formerly owned by state fund 1MDB and was seeking a $1-3 billion IPO.


Bursa-listed GHL acquires 31.16% of Vietnam’s MPOS for $3.3m

The deal will provide GHL with immediate access to the Vietnam market.


Malaysia: Frontier Digital Ventures buys 3 online classified portals from Africa’s Jumia

Jumia’s portals are existing competitors to Frontier’s current investments in Ghana (meQasa), Nigeria (ToLet) and Angola (AngoCasa).


Square Peg, SIG Asia lead $7m round in SEA service marketplace Kaodim

Kaodim had raised a $4m Series A round led by Venturra Capital in 2015


Malaysia: Petronas, Aramco to finalise refinery deal after resolving ‘technical issues’

Saudi Aramco agreed in February to buy a $7 billion stake in the Refinery and Petrochemical Integrated Development (RAPID) project in the southern state of Johor.


AirAsia to sell more stakes in ground businesses via strategic JV route

It is close to selling some or all of its aircraft leasing arm and stake in a travel booking JV with Expedia Inc


Asia Digest: HYPERLAB receives commercialisation grant; Tuya raises Series B funding

HYPERLAB uses natural language processing and AI to enhance the way businesses communicate with their customers.