GIC makes senior leadership changes, appoints new group CIO

GIC makes senior leadership changes, appoints new CIO

Bryan Yeo succeeds Jeffrey Jaensubhakij, who is stepping down after almost three decades at the firm GIC’S deputy group chief investment officer (CIO) Bryan Yeo will ascend to the role of group CIO on Apr 1, following the retirement of Jeffrey Jaensubhakij. Jaensubhakij steps down after almost three decades at the firm to take on…

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Grab weighs takeover of rival GoTo at US$7 billion valuation

Grab weighs takeover of rival GoTo at US billion valuation

GRAB Holdings and GoTo Group have accelerated merger talks and are targeting a deal this year, seeking to end years of losses in South-east Asia’s competitive Internet market. The takeover could see a valuation of over US$7 billion, Bloomberg reported. One scenario being discussed is an all-stock purchase valuing shares of Indonesia’s GoTo at more…

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Grab, GoTo accelerate merger talks and aim for deal in 2025

Grab weighs takeover of rival GoTo at US billion valuation

GRAB Holdings and GoTo Group have accelerated merger talks and target a deal this year, seeking to end years of losses in South-east Asia’s competitive Internet market. Discussions have intensified in recent weeks and the companies see 2025 as an opportune year for a deal, according to sources familiar with the situation. The unprofitable firms…

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China may loosen grip on yuan as Trump reignites trade war

China may loosen grip on yuan as Trump reignites trade war

CURRENCY traders are waiting with bated breath for China’s next daily reference rate for the yuan, with some expecting authorities to relax their tight grip, if Donald Trump’s tariffs go into effect. The People’s Bank of China (PBOC) may set the so-called fixing weaker than 7.2 per US dollar, according to Australia & New Zealand…

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Indonesian fund, Mitsui vie for US$300 million stake in toll operator RKE: sources

Indonesian fund, Mitsui vie for US0 million stake in toll operator RKE: sources

INDONESIA’S sovereign wealth fund, Indonesia Investment Authority (INA), and Japan’s Mitsui are among prospective buyers of CVC Capital Partners’ 25 per cent stake in Indonesian toll road operator RKE International, valued at up to US$300 million, two sources with knowledge of the matter said. CVC, a Luxembourg-based investment firm, initiated the sale process for its…

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