HO CHI MINH CITY/HONG KONG/SINGAPORE Just next to Ho Chi Minh City's financial district, two dozen street vendors' stalls display colourful adverts for e-wallets backed by private equity firm Warburg Pincus, ride-hailing firm Grab and Singapore sovereign wealth fund GIC, among others. Between them, the stalls - selling everything from crab soup to Vietnamese Banh My sandwiches - accept payment from most of Vietnam's 28 different e-wallets, which also allow users to make cash transfers through their mobile phones.
MANILA/SINGAPORE A KKR-led consortium said it will invest $685 million in the largest hospital group in the Philippines, seeking to capitalize on growing demand for private healthcare in Southeast Asia.
SINGAPORE/BANGKOK Thailand and Philippine companies are leading a regional pick-up in initial public offerings (IPOs), spurred by growing investor interest in firms focused on Southeast Asian consumers.
SINGAPORE/BANGKOK, Oct 9 Thailand and Philippine
companies are leading a regional pick-up in initial public
offerings (IPOs), spurred by growing investor interest in firms
focussed on Southeast Asian consumers.
SINGAPORE A consortium led by Asian private equity group RRJ Capital has proposed buying PLUS Malaysia Bhd, the country's biggest expressway toll firm, for 3 billion ringgit ($716 million), a document seen by Reuters showed.
KUALA LUMPUR/SINGAPORE Under pressure to deliver cash to shareholders after a merger with Norway's Telenor collapsed, Malaysia's Axiata has changed tack: It is now in talks to offload stakes in units and will no longer entertain a group-level deal, sources told Reuters.
LONDON/DUBAI/SINGAPORE State-owned Saudi Aramco has approached Abu Dhabi Investment Authority (ADIA), Singapore's GIC and other sovereign wealth funds to invest in the domestic leg of the oil giant's listing at it seeks to achieve a $2 trillion (1.6 trillion pounds) valuation, sources said.
* Philippines among top performing stock markets in SEAsia
(Adds fund manager comments, context)
HONG KONG/SINGAPORE German insurer Allianz , Nippon Life and MS&AD Insurance are vying with rivals to buy the Singapore and Vietnam businesses of Britain's Aviva in a deal likely to be worth up to $2.5 billion (2 billion pounds), sources said.
* About half a dozen suitors keen on Aviva's Asia