The Malaysian government has been seeking a strategic partner for its financially ailing national airline.

The post Malaysia Airlines, Khazanah in talks with government to seek more funds appeared first on DealStreetAsia.

The US Department of Justice last year said it had recovered $1 billion in assets associated with the corruption scandal, its largest-ever civil forfeiture.

The post US returns another $300m of recovered 1MDB funds to Malaysia appeared first on DealStreetAsia.

It was the company’s first bond sale since a $5 billion offering in March 2015.

The post Malaysia’s state oil giant Petronas raises $6b in first bond offering in five years appeared first on DealStreetAsia.

Hoow Food previously raised S$1.7 million in a seed round led by F&B player Killiney Group and joined by TRIVE.

The post SEA Digest: SG’s Hoow Foods nabs funds; ScaleUp Malaysia backs 10 firms appeared first on DealStreetAsia.

Bursa Malaysia said both exchanges would collaborate on several areas of mutual interest aimed at strengthening ties and promoting the flow of investment.

The post Malaysia, Shenzhen stock exchanges sign MoU to improve cross-border collaboration appeared first on DealStreetAsia.

Divestment activity jumped nearly four times to $145.03 million from $36.99 million a year ago, SC data shows.

The post Malaysia’s PE, VC sector sees slight dip in total fund commitment in 2019 appeared first on DealStreetAsia.

The crisis has also unearthed new opportunities for investors eyeing distressed hospitality and retail assets.

The post Southeast Asia’s realty market braces for short-term instability appeared first on DealStreetAsia.

A possible merger between MAB and AirAsia was considered even last year.

The post AirAsia, Malaysia Airlines merger an option as COVID-19 batters industry appeared first on DealStreetAsia.

The firm is offering 5 per cent of its existing outstanding shares, priced at a discount between 1.49-1.52 ringgit per share.

The post Malaysia’s Serba Dinamik to raise $53.5m for gearing, working capital appeared first on DealStreetAsia.

The deal marks Sunway Berhad's foray into financial technology (fintech) space. 

The post Sunway Group to buy 51% stake in Credit Bureau Malaysia appeared first on DealStreetAsia.

The digital adoption rate of SMEs in Malaysia remains low and its e-commerce industry is still in its infancy.

The post Malaysia’s ambition to become a digital economy hub still at the halfway mark appeared first on DealStreetAsia.

V Capital has also become Cross River Bank's strategic partner in the Southeast Asia region.

The post V Capital teams up with Cross River Bank, eyes digital banking licence in Malaysia appeared first on DealStreetAsia.

The 2022 target is a part of the fund's diversification strategy of its asset classes.

The post Malaysia’s PNB seeks to raise global exposure to 30% by 2022 appeared first on DealStreetAsia.

SC will facilitate the online distribution of capital market products such as unit trusts.

The post SC Malaysia allows distribution of capital market products via e-service platforms appeared first on DealStreetAsia.

INCJ bought the shares from Edotco parent Axiata for $400 million via a private placement in 2017.

The post Japanese PE investor INCJ mulls stake sale in Axiata tower arm appeared first on DealStreetAsia.

Philippines-based cloud kitchen startup CloudEats has secured $1.4 million in a seed funding round led by an undisclosed local family office.

The post SEA Digest: CloudEats bags seed funding; LinkAja launches sharia service appeared first on DealStreetAsia.

StreetCred hopes super apps battling for dominance in Indonesia will find its data equally valuable.

The post Gojek-Grab battle in Indonesia opens way for US mapping startup appeared first on DealStreetAsia.

A big challenge for Salim Group and its investment ambitions could be its transition to a new generation.

The post Why Salim Group is no underdog in Indonesia’s startup scene appeared first on DealStreetAsia.

Many startups are scrambling to cut costs - slicing payrolls and the wages of those still on the job. 

The post Southeast Asian startups tighten purse-strings as coronavirus hits revenue appeared first on DealStreetAsia.

HC Surgical will enter into a separate agreement to buy the remaining stake in GMHES at a later stage.

The post SE Asia Digest: Gojek completes Moka deal; HC Surgical to pick 51% in GMH appeared first on DealStreetAsia.

The VC, however, has shelved its plans to launch its next fund that was slated to invest in B2B, among others.

The post Indonesian VC Everhaus backs goKampus, ReCharge; plans evergreen fund appeared first on DealStreetAsia.

The first close represents one-third of the fund’s $800-million target.

The post PE firm Northstar makes first close of Indonesia-focused fifth fund appeared first on DealStreetAsia.

The number of deals touched 146 in the first quarter this year, compared to 127 in the same period last year.

The post Southeast Asia’s startups raised $2.9b in Jan-March, up 3% from Q1 last year appeared first on DealStreetAsia.

The funding will also be used to support MSMEs through restructuring options.

The post Indonesia’s P2P lender Modalku raises $40m in Series C round appeared first on DealStreetAsia.

RedDoorz said it was unable to fulfil its commitments on its contracts due to COVID-19 outbreak

The post [Updated] Hotel operator RedDoorz declares force majeure in Indonesia appeared first on DealStreetAsia.

Akulaku and Mintos are said to have reached an agreement on a restructured repayments schedule.

The post [Updated] Global P2P platform Mintos suspends Indonesia’s Akulaku over late payments appeared first on DealStreetAsia.

Prior to the pandemic, Stoqo was in the process of raising a fresh round to expand its business.

The post Indonesian culinary supply startup STOQO said to have shut down ops amid COVID-19 pressure appeared first on DealStreetAsia.

This brings the total funding of the company to $6 million to date.

The post Indonesian vitamin-maker YOU bags fresh funding from DSG Consumer, others appeared first on DealStreetAsia.

The Series A round has brought 360VUZ’s total funding amount to $7 million.

The post Asia Digest: Shorooq backs 360VUZ; Amartha CEO steps down appeared first on DealStreetAsia.

MassMutual Ventures SEA, MDI Ventures and Central Capital Ventura also joined the round.

The post SE Asian insurtech startup Qoala raises $13.5m led by Centauri Fund appeared first on DealStreetAsia.

The plan does not so far include insurers Jiwasraya and Asabri that have been rocked by management scandals.

The post Indonesia seeks to shore up public trust with insurer consolidation appeared first on DealStreetAsia.

CCOF has made an equity investment in Mumbai-based Lucro and extended debt to Indonesia'sTridi Oasis.

The post Circulate Capital invests $6m in plastic recycling players in India, Indonesia appeared first on DealStreetAsia.

The omnibus bill on job creation limits increases in the minimum wage and eases conditions for firing employees.

The post Indonesia halts job creation bill targeting foreign investment appeared first on DealStreetAsia.

Small companies account for more than half of Indonesia's gross domestic product and provide many jobs in the country of more than 260 million people.

The post Indonesia to subsidise interest payments for virus-hit smaller firms appeared first on DealStreetAsia.

BukuKas has raised a seed funding round led by Sequoia Capital India through its startup programme Surge.

The post Indonesia Digest: East Ventures raises $609k for COVID-19 test kits; BukuKas bags seed funding appeared first on DealStreetAsia.

A hacker has offered the details of its 91 million users for "$5,000 on the Darknet".

The post Tokopedia says investigating alleged data leak of 91m users appeared first on DealStreetAsia.

BFI Finance is 45.7% owned by a consortium comprising private equity firms TPG and Northstar Group.

The post Italy’s Compass Banca drops plan to buy stake in Indonesia’s BFI Finance appeared first on DealStreetAsia.

Existing backer Wavemaker Partners also participated in the funding round.

The post Indonesia’s GudangAda snags $25.4m led by Sequoia, Alpha JWC appeared first on DealStreetAsia.

MNC as well as Link Net’s shareholders could not reach an agreement by the end of April 2020.

The post Indonesia’s MNC Vision drops plans to acquire CVC-backed Link Net appeared first on DealStreetAsia.

Pasarpolis raised a Series A funding round from unicorns, Gojek, Traveloka and Tokopedia, in 2018.

The post IFC proposes $5m equity investment in Indonesian insurtech Pasarpolis appeared first on DealStreetAsia.

The decision to completely shut down its operations comes after significant downsizing by the company.

The post Traveloka-affiliated hotel startup Airy to shut down business amid virus pressure appeared first on DealStreetAsia.

There are several logistics deals in the pipeline that would likely be closed as early as by June.

The post Indonesia’s B2C logistics startups see deal traction as demand soars for last-mile services appeared first on DealStreetAsia.

Cashlez will use the IPO proceeds to purchase a 61.31 per cent stake in IT solution provider Softorb Technology Indonesia (STI).

The post SEA digest: Indonesia’s Cashlez raises $5.8m in IPO; KB Kookmin Card to buy Thai firm appeared first on DealStreetAsia.

"Troops resolve such issues mutually as per established protocols. Such an incident occurred after a long time," said a source.

These five cities are important to contain the spread of the coronavirus and help India flatten the curve. The respective state governments should strengthen containment strategies and undertake rigourous testing and contact tracing to bring the situation under control.

The nurses, who are from Aster DM Healthcare hospitals in the states of Kerala, Karnataka and Maharashtra, will be put under quarantine for 14 days after which they will be assigned to various field hospitals as per requirement, the Khaleej Times reported.

This is the first major bureaucratic rejig by the BJP-led state government since Shivraj Singh Chouhan became chief minister in March this year.

His remarks came a day after Tamil Nadu moved the Supreme Court, seeking a stay against a Madras High Court order directing closure of liquor shops in the state.

Read what the teams and drivers had to say after the Italian Grand Prix at Monza