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Go-Jek fields bank pitches amid US$3bil funding drive

HONG KONG: Go-Jek, Indonesia’s most valuable startup, is choosing an adviser to help with fundraising as it expands rapidly in the competitive Southeast Asian ride-hailing industry, people with knowledge of the matter said.

Ringgit higher against US$ on US-China trade talks prospects

KUALA LUMPUR: The ringgit was higher against the greenback early Wednesday with investors confident that the new round of US-China trade discussions which begin tomorrow would yield a positive outcome, said a dealer.

United Overseas Bank (Malaysia) Bhd Senior Economist, Julia Goh said in the near-term, the ringgit is likely to be supported by stable domestic growth drivers, gradual policy reforms, and a sustained current account surplus.  "The local currency still remains undervalued compared to its peers, and the ringgit-denominated assets may offer a safe haven defence amid regional election events in the first half of 2019," she said

South Korea’s in search of the next unicorn

ONE of the Moon Jae-in administration’s primary goals has been to create jobs and rejuvenate the economy. However, the nation’s conventional growth engines, such as semiconductors, smartphones, and auto businesses are sputtering, while the unemployment rate has hit record lows.

Tata Motors, owner of Jaguar, posts India's biggest loss

MUMBAI:The Indian owner of Jaguar Land Rover Automotive Plc reported the biggest quarterly loss in the country’s corporate history because of a charge stemming from a slump in China’s car market that’s hit automakers around the world.

Nissan resists having same chairman as partner Renault

TOKYO: Nissan Motor Co is unwilling to support an arrangement with its alliance partner Renault SA that would place the same person in the chairman’s role at both companies, as was the case under jailed former leader Carlos Ghosn, according to a source.

Not the same one: Senard (left) with Renault CEO Thierry Bollore during a news conference recently at the headquarters of Renault SA in the Boulogne Billancourt district of Paris. Senard was appointed Renault chairman but a source said that its alliance partner Nissan is unwilling to accept him as its chairman also. — Bloomberg

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