Approval of $500m share buyback seen to indicate faith in the company’s prospects
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Air China to consult advisers for raising its stake in Cathay Pacific
China explores ways to attract foreign investment, state media says
China securities regulator warns of severe penalties in market crackdown
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KKR kicks off process to divest stake in Indonesia-listed bread maker Nippon Indosari
South Korea’s NPS looking to outsource investments to domestic fund managers
Malaysia-based Bintang Capital Partners said to be eyeing $75-150m for second fund
SG’s Climate Impact X receives $22m fresh funding from Mizuho, StanChart, others
Indonesia’s Alodokter bags $5.2m from HL Mando, Beacon VC
VinFast’s net losses in Q4 2023 reached $650m
Grab booked a profit of $11m in Q4 2023, compared with a $391m net loss a year ago.
The startup laid off 15% of its staff last year to control costs.
Last year, the startup raised fresh funding from existing shareholders.
The surge in losses could be attributed to a 5x rise in bad debt expenses.
Asia, where Manulife operates in 13 markets, has been a strong point for the company’s earnings.
The group’s revenue grew 18.8% to S$4.5m in FY 2023.
Telemedicine subscription service contributed the largest chunk of its revenue.
Alibaba announced the split of its business into six units last March.