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Kargo launches to tackle logistics in Indonesia

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20-Mar-19 Indonesia-based logistic startup, Kargo Technologies, debuts in Southeast Asia after raising seed funding of USD7.6 mn. Kargo is also backed by Uber founder Travis Kalanick’s 10100 Fund, and co-founder of Northstar Group, Patrick Walujo, an early investor in Go-Jek. [image: KrAsia]

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KKR, CVC, other PE firms bid for Asian hospital business

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19-Mar-19 Columbia Pacific Management’s Asian hospital business has drawn interest from global PE players including KKR, CVC and Carlyle. If successful, the deal would be worth USD2 bn and be the biggest transaction in Southeast Asia’s hospital sector in nine years. [image: The Star]

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Thailand's PTT plans up to USD11 bn investment in LNG

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22-Feb-19 Thai energy company PTT plans to invest up to USD11.3 bn over the next five years to boost its natural gas portfolio and energy infrastructure. "We want to become a global LNG portfolio player," said Arawadee Photisaro, VP. [image: Nikkei Asian Review]

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Ripple makes waves in Southeast Asia

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13-Feb-19 Ripple, a real-time settlement system, currency exchange and remittance network, is extending its Asia and Middle East networks via two Emirates-based remittance businesses, UAE Exchange and Unimoni, that will link with Thailand's Siam Commercial Bank using Ripple’s blockchain-led platform. [image: Ripple]

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