Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.
KUALA LUMPUR (Bernama): OSK Ventures International Bhd
(OSKVI) has announced that it will be investing in Singapore-based Blue Planet Environmental Solutions.
Blue Planet is a regional waste management company headquartered in Singapore focusing on technology-driven end-to-end waste solutions.
OSKVI said Blue Planet has vertically integrated offerings across the waste management value chain and with the investment from OSKVI, it would continue to acquire innovative technologies to manage both organic and inorganic waste streams tailored to the region's specific requirements.
“This includes solutions to convert thin-film plastic waste into commercial use diesel and processing municipal grade organic waste into compost and biogas.
“Blue Planet provides a wide spectrum of waste management solutions across the lifecycle of waste, from collection to resource recovery and upcycling, in order to achieve its ‘zero waste to landfill' policy,” it said in a statement today.
OSKVI chief operating officer Patrick Yee said the company looks forward to growing together with Blue Planet and at the same time, being able to contribute towards greater social impact, especially with regards to the environment.
Bursa Malaysia listed OSKVI is a Malaysia-based private equity company that provides equity capital to companies ranging from revenue-generating start-ups to late-stage small and medium enterprises.
Since its establishment in 2000, OSKVI has nurtured multiple companies to trade sales and initial public offerings and it is on the lookout for companies with passionate founders and purposeful products.
