Greater China
This marks a second consecutive quarter of investment income gain.
KKR to buy Indian medical devices firm Healthium Medtech from Apax
Australia Digest: AI startup Brainfish raises funding; Optus names new CEO
Triple P, IFC consortium acquires non-life insurer MAA General Assurance Philippines
Hong Kong Exchange Fund posts investment income of $6.95b in Q1
EQT to acquire digital consultancy firm Perficient for about $3b
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Singapore’s EDBI in talks to invest in Indian startup unicorn Mohalla Tech
Ping An votes against reappointment of HSBC CEO Noel Quinn as director
Indonesia
Blibli’s take rate increased to 6.3% in Q1 2024, compared with 4.9% in Q1 2023.
World
KKR’s PE portfolio appreciated 5%, opportunistic real estate funds gained 1%, and leveraged credit funds added 3%.
The firm posted its weakest quarterly profit growth since 2022, while revenue growth slowed to a nearly 4-year low.
Bukalapak attributes the performance to top-line growth, thriving take rate and excellent cost control
The firm has signed a deal to sell its logistics and delivery businesses.
Alphabet and Microsoft ignited a rally in tech stocks on Friday.
The NPL ratio stood at 0.6%, way below the industry average of 2.3%.
Marketing expenses, which rose 76% YoY, were among the company’s biggest costs in 2022.
Singapore
Atome BNPL turned profitable in Q1 2024.