Rest of Asia
Capital A said AirAsia Cambodia, a JV with Sivilai Asia, would launch in the second half of 2023.
UBS said to be shutting some China private funds, laying off a third of staff
Crypto exchange Binance obtains Dubai licence to target retail clients
Norway's wealth fund posts record $109b Q1 profit as tech stocks soar
China Digest: Dexin Chip Technology bags funding; Nuode New Materials buys Cloudfutures
India Digest: Uniqus Consultech, Beyond Odds raise funding
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Abu Dhabi Islamic Bank in talks to buy $1.1b stake in Indonesian lender BSI: report
Chip Eng Seng-linked Invictus sale talks stall as potential PE buyers weigh core terms
Indonesia’s Jago Coffee brews big expansion plans after pocketing fresh funding
HSBC lays off at least a dozen Asia dealmakers amid weaker activities
PE veteran Bert Kwan’s new investment firm backs Vietnamese clinic chain Heli Care
Thailand
The airline has had acting CEOs since 2020.
Singapore
The bonds were part of a S$19b rescue package backed by Temasek.
Greater China
Tencent said ad sales slumped 18% in Q1 2022.
In April, sales of NEVs dropped 61% month-on-month.
Indonesia
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.
India
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.