Indonesia
The projects include a green energy refinery project by state-run Pertamina.
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Kotak Mahindra Bank denies it has submitted bid for IDBI Bank
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Japanese brewer Kirin to sell Four Roses to Gallo for $775m
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China steps up crypto crackdown, bans offshore issuance of yuan-pegged stablecoins
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Editor’s Take: The Week That Was—Feb 2-7
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Ant International deepens push into SE Asia’s payment infrastructure stack
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TPG’s debut mid-cap PE fund for Asia garners $742m so far
KKR charts fresh path in secondaries with Arctos buy, diverging from EQT
ADB extends first fintech-led credit facility in SE Asia with $30m to GCash’s arm
The funding round was led by Skystar Capital and Incubate Fund Asia.
Philippines
Regulators currently limit motorcycle taxi operations in Metro Manila to 45,000 unit.
Moody’s next move could potentially be a downgrade in ratings.
Companies with large pre-listing market cap must have a minimum free float of 15%.
World
Australia’s pension fund industry is on track to be worth A$6 trillion by 2030.
The MSCI warning triggered an $80 billion market selloff last week.
Foreigners have sold a net $736m worth of shares in Wed-Friday.
Indonesia’s equity bourse has lost almost 12%, or more than $80 billion in value, since last week.
India
The move will allow Indian tourists to use UPI with merchants in foreign countries who have signed up with Alipay+.
