Author: Yimie Yong
GoTo denies merger talks with Grab – report
The news came after Bloomberg reported last week that the companies had restarted discussions for a merger.
Foodpanda’s parent Delivery Hero denies sale talks have collapsed – report
“There are market rumours that the negotiations for the potential sale have collapsed,” Deliver Hero said in a statement, according to the report. “We confirm that the negotiations for the potential sale are ongoing.”
Vingroup plans to invest in Philippine market, starting with establishment of VinFast’s network of EV & motorcycle dealerships
VinFast will lead the way for Vingroup's investments in the Philippines in 2024, commencing with the establishment of a network of electric car and motorcycle dealerships.
Malaysia’s Khazanah in talks to lead Softbank-backed OYO Hotel’s $400M fund raise – report
Talks are still ongoing and Khazanah can still decide to not invest, Bloomberg reported.
Singapore’s Vizzio appoints interim CEO following ‘CEO’s fabricated credentials, inflated client list’ controversy
Vizzio CEO Jon Lee has come under fire after he was found to have faked his credentials following a report by Tech In Asia .
Malaysia to appoint PNB chief to lead country’s largest pension fund EPF – Reuters
EPF invests in a number of approved financial instruments which include Malaysian Government Securities and Equivalent; equities; loans and bonds; money market instruments; and real estate and infrastructure.
Four top investment themes for growth & income opportunities in Asia according to HSBC
“We see promising secular growth opportunities in India and ASEAN, riding on the structural tailwinds from strong foreign and domestic private investments, young demographics, the technology boom, and green transformation," James Cheo, Chief Investment Officer, Southeast Asia and India, Global Private Banking and Wealth, HSBC said.
HSBC: Malaysia to benefit from the green shoots of recovery from global electronic cycle
“Malaysia’s economy should remain healthy this year powered by resilient consumer and investment spending. The positive fillip for Malaysia’s economy will come from the nascent recovery of the global electronic cycle and the resumption of global tourism travel,” James Cheo, Chief Investment Officer, Southeast Asia and India, Global Private Banking and…
Grab Malaysia claims it sees delivery-partners benefitting from new earning structure during peak-demand periods amid riders’ protest
Their main demand is for Grab to reinstate the previous base fare of MYR5 ($1.06) for deliveries within the Klang Valley, which was reduced to MYR4 ($0.85) earlier this week, the report added.
BYD’s Thai distributor to triple EV dealerships, expand commercial offerings – report
BYD has been outperforming other automakers in Southeast Asia's EV market, bolstered by partnerships with local distributors .
