Allianz has appointed Gany Subramaniam as CEO of Allianz Lanka.
J.D. Power’s China-backed PE owner puts company up for sale
CVC-backed sanitary product maker Softex Indonesia mulls $500m IPO
Singapore VC Majuven joins Myanmar-focused Daung Capital’s Series A
Chinese regulator to take over Baoshang Bank due to credit risks
Huawei seeks $1b in first big funding test after US blacklist
IFC mulls $3m investment in Dubai-based logistics startup TruKKer
Vietnam’s Vingroup acquires e-wallet platform MonPay
Singapore O2O platform Fave buys CutQ, FoodTime in SE Asia push
TruKKer is a long-haul e-logistics B2B startup that matches cargo owners with long-haul freight needs and truck drivers.
It had earlier hired JPMorgan to advise on the potential sale of the unit, Daiichi Sankyo Healthcare.
Policy & Regulations
Nepal said payments from the two unregistered systems were illegal and resulting in a loss of income to the Himalayan nation.
The Japanese automaker is making a "significant move to steer its focus to China" — a market where it is far behind industry leaders Volkswagen and
Packages Ltd is seeking capital to remove bottlenecks in its packaging and carton line operations in Pakistan and South Africa.
Toshiba Memory is aiming for a listing in Tokyo later this year or in early 2020.
The fund brings together two partners for a total initial equity of $630 million.
An unprecedented wave of consolidation hits the region’s financial industry.
IPOs & Markets
The US bank is acting as stabilization agent for Arabian Centres, which may start trading this week.
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