Tong Eng Group: Singaporean developers going global
With the third generation now running the day-to-day operations, Tong Eng Group has uniquely come on top of all boom and bust real estate cycles...
Tag : Southeast Asia
Aramco-Adnoc refinery in India to cost 2X of estimated price
The initial estimated cost was $44n, however, now the refinery will be developed with an investment of $70 bn...
AirAsia expands market share despite loss
AirAsia’s market share in Malaysia increased by 3% y-o-y to 60%...
Alibaba’s Ant Financial to raise $1 bn to invest in SE Asia
The fund will invest in payments and fintech startups in Southeast Asia and India...
U Mobile’s $500 mn IPO timing depends on market conditions
The Malaysian telco aims to list its shares on the stock exchange by the end of 2020...
Malaysia’s Celcom and Maxis to accelerate 5G roll out
The telcos will jointly deploy 5G infrastructure in the country...
5G base stations in China to reach 130,000 by year-end
Currently, China has around 113, 000 base stations...
Singapore healthtech Lucence to commericialise tech with funding
The funding round was led by IHH Healthcare, Asia’s largest private healthcare group...
Alibaba to raise around $12.9 bn in Hong Kong
Alibaba will issue 500 million shares and will price them at a 2.8% discount to their last closing price in New York...
Vietnam, Singapore receive 87% of fintech funding in SE Asia
Fintechs in SE Asia raised $1.14 bn during the first nine months of 2019, compared to $679 mn in 2018...