Rest of Asia
Capital A said AirAsia Cambodia, a JV with Sivilai Asia, would launch in the second half of 2023.
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Editor’s Take: The Week That Was—May 4-9
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Chinese solar panel maker Jinko to sell US unit to FH Capital for $191m
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Vietnam revs up charging infrastructure in big EV push
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Hillhouse to buy Mercer’s private client services business in Asia
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Brookfield, GIC complete $4.8b acquisition of National Storage REIT
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Thailand
The airline has had acting CEOs since 2020.
Singapore
The bonds were part of a S$19b rescue package backed by Temasek.
Greater China
Tencent said ad sales slumped 18% in Q1 2022.
In April, sales of NEVs dropped 61% month-on-month.
Indonesia
Garuda is seeking to slash liabilities of $9.8b to $3.7b under the plan.
UFC is gearing up for its fifth event in SG, which is rival ONE Championship’s home turf.
India
The company is planning to expand to more locations in SE Asia.
The company will postpone deliveries of its EVs.
The airline reported a net profit of $62.9m for the quarter ended Dec. 31.
