By Alun John
Competition in digital payments in Hong Kong, Singapore and across Asia is becoming increasingly fierce, as traditional financial institutions and new technology firms from around the world vie for dominance both within markets and in cross border payments.
TransPacific Group, a placement agent for Asian institutional investors, has appointed Akito Hattori as a director in its Hong Kong office
In this newly created role, Porter will oversee Grab’s technology infrastructure and transport business teams, including private-car hires, taxi-hailing, motorbike taxis, carpooling and multimodal services.
Singapore-based mobile learning tech firm Boost has received an undisclosed sum from École hôtelière de Lausanne.
In June this year, the vehicle had announced an initial close of $844.4 million in a filing with the US SEC.
Salim Group and Medco Group agreed to acquire 60% of Hyflux for S$400 million ($290 million), a move that gives it a lifeline for its struggling business.
In two years, Decacorn has made 18 investments – nine in the US, six in Israel and the rest across Asia.
The Singapore-based healthcare fund is side-stepping the cash burners like genomics and biopharma to focus on devices, diagnostics and digital health.
GIC is believed to be the winning bidder to acquire the premium-grade tower for $228 million.
AsiaCollect estimates the Indian unsecured consumer NPL market is worth around $150 billion and is expected to grow at 24-25 per cent by 2020-21.