indo01
Read More

Grab secures $1.46b; pledges to deepen presence in Indonesia

Grab, a ride-hailing decacorn, secured US$1.46 billion from Japanese venture capital firm SoftBank Vision Fund as part of its ongoing Series H funding round, bringing the total funds raised to $4.5 billion. The bulk of the Series H would be invested in Indonesia, which is Grab’s largest market, said the company in a press statement released on Wednesday. “Our […]

Read More
th01
Read More

Thailand: Baht volatility could mean outlook revisions

Business operators are likely to revise GDP and export projections next month amid concern over the baht’s volatility and pressure on shipments.  Supant Mongkolsuthree, chairman of the Federation of Thai Industries (FTI), said the baht’s movement has been weak over the past two weeks with a 2.4% drop.  “Before that, the currency appreciated a great […]

Read More
phil01
Read More

Philippines: Palace keeps hands off monetary policy — DOF chief

MANILA, Philippines — Finance Secretary Carlos Dominguez said yesterday the government would not interfere with monetary policy following the appointment of former budget secretary Benjamin Diokno as governor of the Bangko Sentral ng Pilipinas (BSP). During the 9th Business Forum of the Manila Times held in Makati City yesterday, Dominguez said there is no effort on the part of […]

Read More