Indonesia
Prosecutors alleged the three worked together to facilitate unlawful financing disbursements from BRI.
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Editor’s Take: The Week That Was—May 4-9
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Chinese solar panel maker Jinko to sell US unit to FH Capital for $191m
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Vietnam revs up charging infrastructure in big EV push
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Hillhouse to buy Mercer’s private client services business in Asia
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Brookfield, GIC complete $4.8b acquisition of National Storage REIT
More Stories
Indonesia prosecutors detain three KoinWorks-linked executives over $34m loan case
KKR-backed Ascend Asia builds 2,000-advisor platform in SG roll-up
The sovereign investment vehicle has acquired stakes in ride-hailing platforms.
Philippines
A joint committee will oversee the approval and implementation of projects and tracking of emission reductions.
Currently, commission taken from drivers for each trip is capped at 20%.
Singapore
SGX’s regulatory arm said the rules are expected to take effect in the middle of the year.
Rest of Asia
The FTC’s decision follows scrutiny after Coupang’s data breach affecting 34 million customers.
Greater China
The halt means self-driving companies cannot add robotaxis to their existing fleets.
Angga and Andri have been handed out a jail term of nine years and seven years, respectively.
Manus could become a cautionary tale for Chinese AI entrepreneurs
Meta announced in December that it was acquiring Manus.
