Southeast Asia is a region in Southeast Asia.

Indonesia
Singapore\sMalaysia
Vietnam\sThailand
Philippines
Myanmar

India

Greater China is a term used to describe a

Asia’s rest

World

Internet Economy & E-Commerce

Technology

Infrastructure and Real Estate

Services in the Financial Sector

Infrastructure for Social Development

Ethos Invest, a Sharia fintech PE fund, is looking to raise $1.39 billion.

The fund expects to conclude its first round in four months.

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Ethos Invest is looking to raise $1.39 billion for a Sharia fintech private equity fund.
Sebi opens up in India. Reits, MFs, and hiring directors are all on the chopping block.
Reliance Industries joins together with ADNOC to establish a chemical facility in India.
Quadria and others choose a $100 million holding in Indian drugmaker Encube, Thailand’s leading mall operator Central Pattana.
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Alpha JWC of Indonesia has filed for a $300 million third venture capital fund.
Bukalapak, an Indonesian unicorn, is ready to take first-mover advantage in its market launch.
According to reports, SG’s Zilingo has raised $35 million in capital from existing shareholders.
WeMaintain obtains $36 million in Series B funding for worldwide expansion and establishes a Singapore branch. In its first investment in Southeast Asia, Hedosophia backs Indonesia’s BukuKas.

Regulations & Policy
Sebi opens up Reits, tightens MF rules, and hires directors in India.

The move by the Sebi aims to ensure that fund managers use investors’ money wisely.

Deals
Reliance Industries joins together with ADNOC to establish a chemical facility in India.

Reliance had already purchased holdings in offshore exploration and manufacturing assets.

Central Pattana, Thailand’s largest mall operator, has agreed to display tenant products online.

In Thailand, Central Pattana features 33 commercial malls.

Quadria Capital and others select a $100 million holding in Indian drugmaker Encube.

Multiples Alternate Asset Management, a private equity firm, has left the company.

Deals
Temasek, a Singaporean investment firm, is slated to spearhead a $100 million investment in Indian neobank Open.

Tiger Global and 3one4 Capital are also expected to participate in the round.

According to HarbourVest, Southeast Asia is a particularly appealing area for consumer play.

HarbourVest Partners has announced the establishment of a Singapore branch.

Markets & Initial Public Offerings
Loongson, a Chinese CPU creator, is looking to raise $500 million in an IPO on the STAR Market.

The IPO revenues will be utilized to improve the company’s R&D operations, among other things.

Questions and Answers
According to Bibit CEO, there is more work to be done to democratize Indonesia’s financial markets.

“So far, only 2% of Indonesians have participated in the capital market… there is still opportunity for expansion,” Sigit Kouwagam says.

As Indonesia enters a state of emergency, Patrick Cao claims that GoTo deals are ‘well integrated.’

Cao said the company is considering a dual listing and is in the process of figuring it out.

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