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Team SR

Team SR
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The Asian Infrastructure Investment Bank (AIIB) has signed a EUR150 million (approximately USD167 million) loan agreement to cofinance the North Marmara Highway Nakkaş-Başakşehir BOT Project.The Project – aimed at enhancing Istanbul’s east-west connectivity, improving road safety and reducing congestion – is being implemented under a build-operate-transfer arrangement by a consortium led by Rönesans Holding A.Ş. in partnership with Samsung C&T Corporation and other Korean investors. It involves a 31.3-km toll road, including a 1.6-km cable-stayed bridge and multiple overpasses and underpasses.

AIIB Commits USD167 Million to Türkiye North Marmara Highway Project

Team SR -
The Asian Infrastructure Investment Bank (AIIB) has approved investments in Endiya Partners Fund III under the AIIB Venture Capital (VC) Investment Program. The investments will support early-stage companies focused on green and technology-enabled infrastructure in India and Southeast Asia. Launched in December 2022, AIIB’s VC Investment Program for Green and Technology-Enabled Infrastructure began with a commitment of USD100 million, with an additional USD30 million for co-investments. The program aims to fill the capital gap for early-stage ventures by investing through small-scale VC funds.

AIIB Backs Early-Stage Innovation in India, Investing in Endiya Partners under...

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NUS School of Computing and FPT MOU Signing Ceremony in Singapore. This partnership will not only strengthen FPT's capacity to commercialize AI solutions and improve its R&D capabilities but also foster the development of a top-tier AI workforce, thereby enhancing its competitive advantage in the APAC region and beyond.

FPT and National University of Singapore Join Forces in Driving AI...

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Beltone Holding ("Beltone") announces that its wholly owned subsidiary, Beltone Leasing and Factoring, has completed its first securitization issuance, raising EGP 1.33 billion.Beltone Investment Banking’s Debt Capital Markets Division acted as the Financial Advisor, Issuance Manager, and Bookrunner. The significant oversubscription of 1.5x is a clear testament to Beltone’s robust financial management and its ability to tap into Egypt’s evolving capital markets, attracting a diverse range of investors.

Beltone Leasing and Factoring Raises USD 43.09Mn in First Securitization

Team SR -
South Korean-based SK Group, a collection of diverse multi-national manufacturing and service companies has acquired Vietnam-based semiconductor company Iscvina Manufacturing Company Limited for $300 Million.This information was provided during a meeting in Vinh Phuc on October 9 between Tran Duy Dong, Chairman of the Vinh Phuc People's Committee, and Hang Sung Won, Manager of SK Group in Vietnam.

SK Group Acquires Iscvina Manufacturing Company for $300 Million

Team SR -
Vietnam's digital banking sector is experiencing rapid growth which is marked by several significant trends and developments. Vietnam's fintech sector is the second-fastest growing in the ASEAN region after Singapore. Country is expecting a digital valuation of $18 billion by the end of 2024. Vietnamese commercial banks are actively developing digital strategies to leverage this transformation over the next three to five years. In early 2024, non-cash payments continued to rise, with cashless transactions increasing by 57.11% in number and 39.49% in value.

Top Digital Bank In Vietnam

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Ericsson and Wipro Limited today announced the successful transformation of the billing experience for all Odido brand mobile customers in the Netherlands by migrating to the cloud-native Ericsson Billing platform hosted on Amazon Web Services (AWS). This achievement allows Odido to offer innovative 5G services, including the newly launched Klik&Klaar fixed-wireless access (FWA) solution, with improved operational efficiency and customer experience.

Ericsson and Wipro Transform Odido’s Billing Experience for Customers

Team SR -
Singapore-based ADVANCE.AI’s Credit Bureau Philippines (ADVANCE.CBP) has secured US$4 million in a seed funding round from Archipelago Capital Partners, a Singapore-based fund manager investing in Southeast Asia. ADVANCE. CBP intends to help fintech enterprises, digital banks, and thrift banks in the Philippines improve financial inclusion by providing high-quality credit information and data. ADVANCE. AI has a global footprint across 9 markets on 3 continents.

ADVANCE.AI’s Credit Bureau Philippines Raises USD4 Mn Seed Funding

Team SR -
Clime Capital, a Singapore-based fund manager focused on accelerating the low carbon transition, today announced an investment through the South East Clean Energy Fund II (SEACEF II) in Indonesia-based distributed solar developer PT Investasi Hijau Selaras (Hijau). SEACEF II has the capability to invest up to USD 10 million in Hijau.Established in 2017, Hijau has been a pioneer in Indonesia’s still nascent solar market. With an established track record in delivering solar energy solutions for Commercial and Industrial (C&I) customers, the company is actively expanding its project pipeline to meet the growing demand for sustainable energy.

Clime Capital Invests in Indonesia-based Hijau

Team SR -
The Asian Development Bank (ADB) has approved a $241.3 million loan to improve power supply distribution in West Bengal, India. This will enhance people’s quality of life by ensuring access to reliable, quality, and sustainable power.

ADB Approves $241.3 Mn Loan to Improve Power Supply Distribution in...

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