India: Malaysian investment scarred Ballarpur Industries, and it has done well to exit

Visual from Mint website.

At first look, it seems Ballarpur Industries Ltd (Bilt) has emerged unscathed from its troubled investment in Sabah Forest Industries Sdn Bhd Malaysia. According to Mint’s calculations, it ended up losing about $110 million on its Sabah investments, although a sharp depreciation in the rupee since the time of its investment has meant that in rupee terms, it has earned a marginal profit of Rs.200 crore (see chart).

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.