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TOWER CAPITAL ASIA ACQUIRES MAJORITY STAKE IN PAYMENTS COMPANY AXS PTE LTD

TOWER CAPITAL ASIA ACQUIRES MAJORITY STAKE IN PAYMENTS COMPANY AXS PTE LTD
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Singapore-based Tower Capital Asia closes maiden PE fund at $379m

Temasek unit, Tower Capital Asia back $230m carve-out of GK Goh subsidiary

The future of digital investment

The future of digital investment published : 20 Jul 2021 at 04:00 The year of Covid was also the year that technology proved itself to be indispensable in people s daily lives in Southeast Asia. It kept locked-down consumers connected and entertained. It helped sustain businesses. It kept people supplied with deliveries of food and other essential goods. It maintained their health with online doctor appointments and kept them educated with online classes. On average, Southeast Asians spent an hour more a day on the Internet during pandemic-imposed lockdowns. Forty million new Internet users were added in Singapore, Indonesia, Malaysia, the Philippines, Thailand and Vietnam last year, giving the region 400 million users, with 70% of Southeast Asia online, according to research conducted by Bain & Company, Google and Temasek.

Editor s take: The week that was — Feb 1-6

Editor’s take: The week that was Feb 1-6 Premium As I highlight the significant developments that unfolded last week, it’s worth a mention how all eyes have been on the frontier market of Myanmar with the military abruptly seizing power in the Southeast Asian nation and declaring a national state of emergency for a year. Our reporters have been tracking the development and the impact on global investors who were just beginning to show interest in the country. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at subs@dealstreetasia.com. Sign up for our newsletter - The Daily Brief

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