The airline has had acting CEOs since 2020.
Four must-attend sessions at the Indonesia PE-VC Summit 2023
Temasek-backed Singapore logistics firm Haulio buys Indonesian peer Logol
India Digest: RENEE Cosmetics raises $25m; Virgio snags $10m in extended Series A
Malaysian EWA startup Paywatch raises $9m and other SE Asia deals
UK-based asset manager ICG appoints APAC infrastructure investment team
Singapore’s AirCarbon Exchange looks to raise $50m in Series B funding
Vietnam: KKR-backed EQuest takes controlling stake in Khoi Nguyen Education
Indonesian carbon technology startup Fairatmos raises $4.5m in seed round funding
Thai VC firm V Ventures to buy embattled crypto platform Zipmex for $100m
Lazada receives another $342.5m capital infusion from Alibaba
The bonds were part of a S$19b rescue package backed by Temasek.
Tencent said ad sales slumped 18% in Q1 2022.
In April, sales of NEVs dropped 61% month-on-month.
Garuda is seeking to slash liabilities of $9.8b to $3.7b under the plan.
UFC is gearing up for its fifth event in SG, which is rival ONE Championship’s home turf.
The company is planning to expand to more locations in SE Asia.
The company will postpone deliveries of its EVs.
The airline reported a net profit of $62.9m for the quarter ended Dec. 31.
The latest capital infusion brings Ula’s Series B total to $110 million.