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Anshuman Daga

DBS forecasts stable loan growth this year after record 2018 profit

9:36am GMT

SINGAPORE DBS Group Holdings Ltd, Southeast Asia's biggest lender, forecast stable loans growth for 2019 after a robust increase in net interest margin drove an 8 percent rise in quarterly profit and a record annual profit.

More cash, less control: New mantra for Malaysia's Khazanah

13 Feb 2019

KUALA LUMPUR/SINGAPORE Malaysian sovereign wealth fund Khazanah Nasional will unveil a plan this month to deliver more cash to the government by pruning its stakes in non-strategic assets and dialing back its offshore presence in spots such as London, sources told Reuters.

MOVES-General Atlantic taps former CT Corp exec to lead Indonesian office

11 Feb 2019

SINGAPORE, Feb 11 Global private equity firm General Atlantic confirmed on Monday that it had hired Ashish Saboo, a veteran dealmaker from Indonesian conglomerate CT Corp, to head its business in Southeast Asia's biggest economy.

India's Jet Airways grounds four aircraft after failing to pay lessors

08 Feb 2019

SINGAPORE India's Jet Airways Ltd has grounded four aircraft after failing to make payments to lessors, in a sign that leasing firms are losing patience with the heavily indebted carrier.

UPDATE 2-India's Jet Airways grounds four aircraft after failing to pay lessors

08 Feb 2019

* Jet seeking approval for debt-to-equity swap at Feb. 21 meeting

Indonesia's Medco wins deal to buy Ophir Energy

30 Jan 2019

Indonesian oil and gas group Medco agreed to buy London-listed Ophir Energy for a sweetened cash bid of $511 million, as it looks to boost its Southeast Asia portfolio and gain access to international assets.

CapitaLand bets on new markets with S$6 billion Temasek real estate deal

14 Jan 2019

SINGAPORE Singapore's CapitaLand is forking out S$6 billion (£3.4 billion) to scoop up logistics and industrial assets from state investor Temasek, in a deal the developer said would create Asia's largest real estate investment manager.

Exclusive: Lessors to India's troubled Jet Airways consider taking back planes -sources

11 Jan 2019

SINGAPORE/NEW DELHI Crisis talks between India's cash-strapped Jet Airways Ltd and aircraft lessors have failed to ease a row over late payments, prompting some lessors to explore taking back aircraft, three people familiar with the matter told Reuters.

India's Jet Airways proposes late debt repayments to creditors: document

10 Jan 2019

SINGAPORE India's cash-strapped Jet Airways proposed to creditors that it would catch up with debt payments in arrears by September and from April would meet debt payments as they come due, according to a document seen by Reuters.

Medco Energi's potential deal with Ophir seen as diversification play

02 Jan 2019

SINGAPORE, Jan 2 Medco Energi Internasional Tbk PT would boost its valuations and gain access to international assets if its potential takeover of London-listed Ophir Energy occurs, analysts said on Wednesday.

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