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.

Malaysia Digest: Hovid to delist; Techbond raises $9.5m from IPO

Fajar Astoria, a joint vehicle formed by Hovid MD and private equity firm TAEL Partners, made the voluntary takeover offer last October to acquire all remaining shares not owned in Hovid.

Malaysia’s Jho Low, four others hit with fresh criminal charges related to 1MDB

Low, popularly known as Jho Low, has been identified by Malaysian and U.S. investigators as a central figure in the alleged theft of about $4.5 billion from 1MDB.

Malaysia’s COPE Private Equity hits final close for fourth fund at $70m

COPE IV was launched in 2016 and had a first close at $48.2 million last October and a second close at $66.3 million early this year.

Malaysia’s Eco World inks $495m deal with Invesco to buy realty assets in London

The deal will see Invesco acquiring over 1,000 units of Build-to-Rent (BtR) homes in London in Kew Bridge and Barking Wharf.