Capital markets news | Mon 19 Feb 2024

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Capital markets news | Mon 19 Feb 2024

Equity

  • KWAP invests RM100m in startups and VC funds NST Mail Star Edge

  • Kenanga fund ups stake in Microlink to 21.5% Edge

  • LEAP-listed ICT Zone Asia to transfer to ACE Market Edge

  • OpenAI in deal valuing it at USD80b NST Mail

  • US senator wants SEC to block Shein IPO Mail

  • Reddit signed AI content licensing deal ahead of IPO Edge

  • Naver appoints advisers for webtoon unit’s US IPO Edge

Debt

  • Intel negotiating for USD10b Chips Act incentives Edge

Mergers and acquisitions

  • KNM gets offers for 100% of FBM Hudson at EUR16.5m Star Edge

  • SpiceJet’s MD bids for GoFirst NST

Projects and business

  • F&N invests USD37.5m in new Cambodian creamer factory NST

  • San Miguel-led group wins USD3b Philippine airport project NST Edge

  • OpenAI’s Sam Altman seeks US blessing for AI chip manufacturing Edge

  • Masayoshi Son wants to build USD100b AI chip venture Edge

Economy and market news

  • Malaysia has monetary policy space to lift economic growth Mail

  • Malaysia’s semiconductor sector should pick up in 2H2024 Mail

  • Malaysia 4Q2023 current account surplus RM253.4m Mail

  • China central bank leaves key policy rate unchanged Mail

  • Japan’s scaled-back spending pushed economy to recession Mail

  • Small surplus for Singapore 2024 budget Star

  • Singapore to invest SGD1b in AI in the next 5 years Edge

  • Singapore’s Jan exports up 16.8% NST Star

Legal and regulatory

  • US and 5 European countries extend truce over digital taxes until mid-2024 Mail

  • JPMorgan to pay USD350m for trade reporting lapses Edge

  • Companies in Singapore to get 50% income tax rebate Edge

  • China builder Logan gets respite as liquidation petitions fail Edge

  • EU poised to fine Apple about EUR500m Edge

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