Philippine unicorn Revolution Precrafted bags $300m Caribbean deal

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Revolution Precrafted’s initial franchise deal with NOVO Development involves the supply of at least 1,000 units in the region that would create sales revenues of as much as $300 million.

Revolution Precrafted

Malaysia: Fintech startup Soft Space bags Series B funding from Sumitomo Mitsui

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The investment by Sumitomo Mitsui Card Company (SMCC), which has previously backed US-based fintech firms Square and Stripe, is not only its first in a Southeast Asian fintech firm but also its first deal outside of Japan and the US. 

Vietnam: Petrolimex Group unit to merge with HDBank

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The merger of both banks is scheduled to take place by August this year.  

Australia’s sovereign fund says rising interest rates makes long-term outlook challenging

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The Future Fund exceeded its return-on-investment goal for the year.

India Digest: DST Global may back Swiggy; Kedaara group in race for Vishal Mega Mart

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Swiggy had last received a $100-million funding in February from Naspers and China’s Meituan.

Asia Digest: Aboitiz eyes $1.5b capex; Halcyon completes Indonesia acquisitions

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Philippine-listed Aboitiz Equity Ventures is looking at investing over P77 billion ($1.5 billion) this year to finance projects mostly in power and food while Singapore-listed Halcyon Agri has completed its acquisition of four Indonesian rubber processing factories. Philippines: Aboitiz allocates $1.5b to expand businesses this year Philippine-listed Aboitiz Equity Ventures… Read more »

PUC to invest $23m in e-commerce platform 11Street Malaysia

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11Street parent CPSB is a joint venture between Axiata Digital Services and SK Planet Global Holdings.

IFC may invest $20m in Bangladesh LPG operator Omera Petroleum

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Omera Petroleum is eyeing a $60-million capital expenditure over the next two years.

Canada’s Vatic Ventures eyes $1.2m private placement to develop Thai potash licences

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Vatic Ventures owns 80 per cent of Thai potash explorer Saksrithai Development.

Toshiba said to mull cancelling chip unit sale if no China approval by May

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A consortium led by U.S. private equity firm Bain Capital last year won a long and highly contentious battle for the unit. But Toshiba was unable to complete the sale by the agreed deadline of March 31 as it was still waiting for approval from China’s antitrust authorities.