Altos Ventures leads US$6.7m investment in S Korean manufacturer JK INSPIR
Silicon Valley-based venture capital firm Altos Ventures has led a US$6.7-million investment in JK INSPIR, a South Korean manufacturer and distributor of eco-friendly consumer...
ACT to Send 10,000 Boxes of Masks to Indonesians in Hong Kong
The outbreak of coronavirus which began in China now threatens people around the world. While it is unknown how the virus is transmitted and...
Two-thirds of Asians used online credit, e-payments in 2019: Survey
Asia's unbanked population is still huge at more than 1 billion people, according to a World Bank report in 2018, making the region a...
ETRI Develops Drone and AI Technology to Predict Algal Blooms
The Electronics and Telecommunications Research Institute (ETRI) has developed a technology for analyzing water quality with drones and using artificial intelligence (AI) to predict...
Jollibee to Issue $600m Guaranteed Senior Perpetual Securities
Jollibee Foods Corporation (JFC), the largest food service company in the Philippines and one of the largest in Asia, announced that it had successfully...
Singapore’s Ocean Sky Acquires Melbourne Office Building for $15m
Singapore-listed Ocean Sky International is acquiring an office building in Melbourne, Australia for A$21.83 million ($15 million), the company disclosed.
Ocean Sky said it has...
Sun Life to Acquire Majority Stake in InfraRed Capital Partners
Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced that it intends to acquire a majority stake in InfraRed Capital Partners ("InfraRed"), a...
Hong Kong Tops Global IPO Market in 2019: Report
Hong Kong continues to cement its position as the world’s leading hub for initial public offering after the city’s stock market once again ranked...
WeLab Completes Largest Fintech Funding in Greater China at $156m
Hong Kong-based financial technology firm WeLab announced that it has raised $156 million of Series C strategic financing, completing the largest fintech fundraising in...
Kenedix Group Launches $173m Fund to Invest in Japan Hotels
Tokyo-listed real estate manager Kenedix Inc has launched a private core fund that will invest in hotels in Japan in the next seven years,...
Great Eastern Partners with Axiata Digital for Insurtech Solutions
Financial technology (fintech) service provider Axiata Digital Capital and Great Eastern have signed a strategic partnership to provide affordable and customised insurance and takaful...
ADB Trims Growth Forecasts as Asia’s Biggest Economies Slow
The Asian Development Bank (ADB) has trimmed its forecasts for economic growth in developing Asia this year and next year as growth in China...
DHL Forms JV with JG Summit in the Philippines
Global contract logistics solutions provider DHL Supply Chain has formed a joint venture agreement with local conglomerate JG Summit Holdings Inc to provide transport...
AC Health Buys Healthway Philippines from HK’s HKR International
Ayala Healthcare Holdings, Inc. (AC Health) has acquired 100 per cent of Healthway Philippines, one of the leading clinic networks in the country, from...
Asia Offers Most Attractive Investment Opportunities for Emerging Market PE
The large majority (70-80%) of Asia-Pacific and North American LPs believe their private equity portfolios need modifying to prepare them for the next economic...
Philippine Banks Remain Optimistic on Economic Prospects: Survey
The banking industry in the Philippines remains optimistic on the country’s economic prospect amid global uncertainties and market volatility, the latest Banking Sector Outlook...
Frasers Hospitality Bags World’s Leading Serviced Apartment Brand award
Frasers Hospitality, a member of Singapore's Frasers Property Group, emerged victorious and clinched two major awards at this year’s World Travel Awards (WTA) Grand...
Fruitas Debuts on the Philippine Stock Exchange
Food and beverage kiosk operator Fruitas Holdings Inc today begins a new journey as a listed company with the traditional bell-ringing ceremony at the...
Lufthansa Technik Philippines Breaks Ground on New Hangar
Lufthansa Technik Philippines (LTP), the country’s leading provider of maintenance, repair, and overhaul (MRO) services, officially announced the construction of its latest hangar at...
Asian Development Bank Approves $10m Tourism Grant for Tajikistan
The Manila-headquartered Asian Development Bank (ADB) has approved a $10-million grant to help develop tourism in Tajikistan, according to an announcement.
The project is ADB’s...
