Credit card penetration remains at 10% or less in Thailand, Indonesia and Vietnam, while mobile payments are used by 47-67% of the population.
Khazanah says made healthy profit with Malaysian Shoaiba stake sale
Digital payments outstrip credit cards in Asia’s race to go cashless
Actis takes over management rights of two Abraaj funds
HK blockchain firm Diginex aims to list on Nasdaq in Q4 via reverse merger
AB InBev searches for Plan B after Asia IPO flop
We’re benchmarking ourselves against the NFL, not UFC: Chatri, ONE Championship
Insignia Ventures Partners eyes $150m second Southeast Asia fund
China’s Huawei plans extensive layoffs at its US operations
Warburg-backed Princeton Digital to acquire 70% stake in XL Axiata data centre portfolio
PAG Asia to take over Australian restaurant operator Craveable Brands
The transaction includes investments in 14 portfolio companies across the two funds.
The stake sale is likely to attract interest from Asian banks in markets such as Japan and South Korea, among others.
IPOs & Markets
This comes just three days after AB InBev shelved its $9.8b listing plan of its Asian business.
Ecozen plans to use the funds to launch new cold chain products and enter new geographies for irrigation sales.
ADIA has been boosting its in-house teams as it cuts the use of external fund managers.
The sale was a key part of AMP’s plans to re-position its scandal-hit business.
SCB expects digital lending to retail customers to climb almost eight-fold this year.
Policy & Regulations
Officials from the Monetary Authority of Singapore (MAS) made the request last month to wealth managers, including DBS and a unit of OCBC.
The clash of cultures between Wall Street’s freewheeling practices and the more staid, hierarchical approach of Chinese state-controlled financial i
© Copyright DEALSTREETASIA 2014-2019 All rights reserved.
Forgot your password?
We will never share your information with third parties.
Already have an account? Sign in here
If you don’t already have an account click the button below to create your account.
Unlock your competitive advantage in
rapidly evolving cape. Our packages
come with exclusive access to archive
content, data, discount on summit tickets & more
Be a part of our growing community now.