Policy & Regulations
Four major construction firms are some of the intended recipients.
Indonesia proposes to inject $3.7b into state-owned firms in 2024-25: minister
Qiming leads Shengshu Technology’s fresh funding round and 38 Greater China deals worth almost $368m
Hong Kong surpasses Singapore with over 2,700 single-family offices
India Digest: Jumbotail, Sprih raise funding; Malabar Investments eyes Sugar Cosmetics stake
SEA Digest: Grab partners with Triple-A; VinFast founder launches new company
More Stories
The LP View: Singlife’s investment arm charts private equity course for Asia
IFC weighs $100m investment for responsAbility’s Asia-focused climate fund
Charticle: First-time VC fund managers in SE Asia had one of their toughest years in 2023
Vietnam’s Vingroup sells 41.5% of its stake in Vincom Retail for nearly $1b
Indonesia-listed Saratoga likely to acquire Brawijaya Hospital from PE firm Falcon House
Venture Capital
Shengshu Technology previously sealed its angel round in June 2023 led by Ant Group.
Analysis
Singapore had around 1,400 FOs as of the end of last year.
Jumbotail has raised $18.2m, while Sprih has bagged $3m.
Deals
The new feature will allow stablecoins and other digital assets to be converted into usable funds for GrabPay.
Singapore
Accredify had raised $7m in its Series A round in Apr 2023.
Greater China
Yields at the longer end of China’s bond market have been crunched to record lows by the weight of available money.
Indonesia
Metro Pacific Tollways is aiming to buy a 35% stake in Jasamarga Transjawa Tol.
The move comes amid a global downsizing by the firm and a downturn in China’s markets.
The stricter measures come amid a regulatory tightening across China’s financial sector.