New sovereign wealth fund Danantara Indonesia will focus on large-scale projects generating good returns as it…
Category: EQUITY/M&A
CDL CHAIRMAN ACCUSES SON OF BOARDROOM COUP
Singapore’s largest listed property developer City Developments Ltd. was plunged into crisis Wednesday, when its chairman…
PERTAMINA UNDER US$12B OIL IMPORT CORRUPTION INVESTIGATION
Indonesia’s Attorney General’s Office has arrested three executives at units of state-owned energy firm Pertamina on…
SINGAPORE LAUNCHES S$5B PROGRAMME TO BOOST SGX
Singapore announced yesterday a set of measures to rejuvenate its equities market, including a 20 per…
SINGAPORE’S OLAM SELLS AGRIBUSINESS FOR US$1.8B
Singapore-based Olam Group on Monday (Feb 24) said it will sell a 44.58 per cent stake…
BANKS IN SINGAPORE RETURNING EXCESS CAPITAL
United Overseas Bank joined larger rival DBS Group in returning excess capital to shareholders after delivering…
AMMB WITHDRAWS RM1.2B SALE OF INSURANCE UNIT TO GREAT EASTERN
Malaysian lender AMMB Holdings said yesterday that the proposed sale of its Malaysian insurance businesses, jointly…
GRAB & GOTO IN MERGER TALKS
Southeast Asian ride-hailing and food delivery company Grab is in advanced talks to merge with its…
MMC PORT APPOINT UNDERWRITERS FOR RM6B IPO
MMC Port Holdings has hired CIMB and Maybank to work on a more than RM6 billion…
INDONESIA’S VAT HIKE U-TURN LEADS TO UNCERTAINTY
By Rania Teguh Indonesian President Prabowo Subianto’s U-turn on increasing the value-added tax from 11 to…