Rising rates may slow PHL credit growth

Janette Barra Press Releases

PHILIPPINE BANKS may see slower credit growth next year due to the impact of higher interest rates, S&P Global Ratings said. In a report dated Nov. 17, S&P Global Ratings Primary Credit Analyst Nikita Anand said credit is expected to expand by 5-7% in the Philippines in 2023, slower than the 7-9% growth this year. “This is because of our …

Singapore’s 2023 growth forecast at 0.5-2.5%; 2022 forecast narrowed to ‘around 3.5%’

Janette Barra Press Releases

SINGAPORE’S economy is forecast to grow at between 0.5 per cent and 2.5 per cent in 2023, while the official full-year growth forecast for 2022 has been narrowed to “around 3.5 per cent”, according to data from the Ministry of Trade and Industry (MTI) on Wednesday (Nov 23). This follows the Monetary Authority of Singapore’s (MAS) previous forecast for growth …

World’s worst-performing stocks have Vietnam investors on edge

Janette Barra Press Releases

THE world’s biggest stock-market slump is testing the resolve of Vietnam’s investing masses. A government crackdown on real estate companies, corruption probes and tightening credit have pushed the benchmark VN Index down 36 per cent this year in the world’s worst performance, led by banks and property firms. While some foreign investors see a buying opportunity, the crisis is punishing …

3 innovative Singaporean startups that are transforming the way we live, work, and play

Janette Barra Press Releases

Think about companies like Uber, Airbnb, and Canva. They all started out as small startups, developing disruptive, innovative solutions that addressed real-world problems and changed up the way things work. However, the startup life is not easy. Even as companies pursue these innovations, they face numerous hurdles such as raising funds and building credibility. Fortunately, governments are well aware of …

Vietnam nears US$11b deal to shift economy from coal

Janette Barra Press Releases

VIETNAM is set to follow Indonesia and South Africa with a climate financing package of at least US$11 billion to shift its economy away from coal and boost the rollout of renewable energy sources. Vietnam and its donor countries, led by the European Union (EU) and the UK, are aiming to announce the Just Energy Transition Partnership funding deal — …

Inside The Philippines

Melita Breen Press Releases

In this month’s inside look into the Philippines – Inflation in October soars to a nearly 14-year high; more interest rate hikes signaled. New measures implemented boost investments, allow 100% foreign ownership in renewable energy. Local conglomerates foray into the fast-emerging data center market. Retail tech startup Packworks to represent the Philippines at the 2023 Startup World Cup. Here are …

Singapore’s Wavemaker Raising Debut Fund Targeting Climate Tech

Janette Barra Press Releases

Singapore investment company Wavemaker Impact completed the first close of a planned $25 million fund that focuses on technologies battling climate change. The firm raised $13 million from investors including Pavilion Capital, JG Digital Equity Ventures, Kajima Ventures and Grantham Foundation at the first close, said Quentin Vaquette, a founding partner. Rather than backing existing startups, Wavemaker identifies promising technologies …

Singapore digital health platform Speedoc raises $13m

Janette Barra Press Releases

CEBU, Philippines – Singapore-based digital health platform Speedoc has raised $13 million in fresh funding, according to regulatory filings seen by DealStreetAsia. The filings with Singapore’s Accounting and Corporate Regulatory Authority only reflect the equity funding received so far. Overall funding could be larger or have other components such as debts. DealStreetAsia has reached out Speedoc for confirmation but has …

Vietnamese developer restructuring amid nation’s credit crunch

Janette Barra Press Releases

VIETNAM’S second-largest listed developer is restructuring its business as developers struggle to access capital sources and potential home buyers face tightening credit, Tuoi Tre newspaper reported. Ho Chi Minh City-based No Va Land Investment Group will focus on its core real estate business, reduce operational costs, cut staff and adjust construction plans in line with the the current market situation, …

MoneySmart to list on SGX through $161m reverse IPO deal

Janette Barra Press Releases

MoneySmart Group is looking to list on the Singapore Stock Exchange through a US$161.7 million reverse takeover deal with real estate developer Asia Pacific Strategic (APS) Investments. The Singapore-born fintech firm and APS are now entering into the next stage of due diligence after the agreement, according to a statement. The deal includes the issuance of new ordinary shares in …