People Digest: MUFG Malaysia, PwC Singapore make new hires

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MUFG Malaysia has named former Standard Chartered Malaysia banker Goh Kiat Seng as its new co-head of global corporate banking

Intense competition in PE space may lead to distortion of asset value: Ekuinas

Ekuinas is reportedly planning to launch a $400-million fourth fund in the fourth quarter of 2018.


Malaysian investment holding company ValueCAP’s CEO to retire by July-end

Sharifatu will be succeeded by Roslina Rahman, the current managing director of Amundi Malaysia. Rosalina will assume the role in August.


ESG investments will cause short-term pain but have long-term gains: KWAP

KWAP became a signatory of the United Nations-supported Principles for Responsible Investment since February.


Malaysia’s KWAP to extend ESG mandate to alternative investments

The pension fund plans to increase external international fund managers for its ESG allocation from four to six.


Malaysia’s IHH Healthcare wins over India’s Fortis with $1.1b takeover bid

IHH Healthcare has also developed a 100-day turnaround plan to stabilise the ailing Fortis.


Axiata Digital to cut bigger checks, narrow focus on investments in three verticals

Axiata Digital has decided to concentrate on investments in fintech, adtech and API platforms, its CEO Mohd Khairil Abdullah said in an interview.


Malaysia regulates ride-hailing firms, to investigate monopoly risk after Grab-Uber deal

Malaysia’s transport ministry said it has received numerous complaints of price surge after the Grab-Uber deal.


Denmark’s 3B Ventures launches $60m impact fund in Malaysia

Danish venture capital firm 3B Ventures has announced the launch of a $60-million Frontier Fund II targeting impact investments in Southeast Asia, it said in an announcement today. The fund will focus on investments in energy, water, agriculture, education and health sectors. According to 3B Ventures, it will target startups… Read more »


Malaysia: Co-working space operator WORQ raises $2.5m for expansion

WORQ said it will launch its second outlet in Subang Jaya in October this year.