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