Deals
Tolaram Group remains the controlling shareholder of Amar Bank with 75.25% ownership.
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India launches pilot for e-commerce payments via ChatGPT
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HSBC offers $13.6b to buy rest of Hong Kong's Hang Seng Bank
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Ideation3X has raised $5m through the issuance of new preference shares to JICN.
The intended funds are expected to support the group’s expansion plans.
It will inject $1.44b in cash, while $405m will be in the form of loans converted into equity.
People
Apisit Kuparatana and Andreas Diantoro to lead operations in Thailand and Indonesia, respectively.
The preliminary talks come at a time when the sector has become increasingly competitive.
Analysis
TikTok has more than 100 million accounts based in Indonesia.
Up to 80% is earmarked for domestic investments and the rest going overseas, the CIO said.
Sriwijaya and Abu Dhabi-based BlueFive Capital will build a South-to-South investment corridor.
Venture Capital
With the backing of its new shareholders, EDV aims to scale its operations nationwide.
