First Gen weighs preliminary KKR take-private proposal
The Philippine power producer says the non-binding proposal could lead to a tender for its public float and a voluntary delisting, but no transaction has been agreed.
Southeast Asia Connect
News
Named and dated developments across Southeast Asia.
Alsons H1 earnings rise 31% as energy deliveries and retail electricity sales grow
The Mindanao-focused power group reported stronger first-half earnings while continuing work on solar projects planned for 2027.
ST Engineering lifts first-half revenue as order book reaches S$35.7 billion
The Singapore technology and engineering group reported growth across aerospace, smart-city and defence operations in the first half of 2026.
Agoda adds an AI room-selection assistant to its booking app
The Singapore-headquartered travel platform now recommends hotel rooms from a traveller's search details and stated preferences.
Starlink service plans go live in Vietnam
Vietnamese customers can now view and order residential and business satellite internet plans after the operator secured local licences.
Danantara lines up lower-cost financing for Indonesia's national electric motorcycles
State-owned banks are preparing lower-rate, longer-tenor financing to support investment in the newly launched Molinas electric motorcycle initiative.
Bitazza completes Travel Rule infrastructure ahead of Thailand deadline
The licensed broker says its customer-verification and secure information-exchange systems are ready before the SEC enforcement date.
Jakarta says LRT extension is 97.99% complete
The 12.2km Velodrome-Manggarai extension has reached a late construction milestone, but passenger service is still scheduled for 26 August and must not be described as open.
HMI Medical buys Lifescan Imaging and expands Singapore diagnostics
The acquisition adds three imaging centres and takes HMI Medical to seven diagnostic sites, strengthening its ability to connect diagnosis with care outside hospitals.
ACWA and PT GARAM plan $400m East Java water and salt project
A joint development agreement covers a planned integrated desalination and industrial salt facility in Gresik; construction, financing and operating results have not yet been established.
Sea reports 48% revenue growth as Shopee and Monee expand
Second-quarter revenue reached US$7.8 billion, while Sea raised Shopee investment and kept its full-year profit target as a forward-looking goal.
PhilWeb says digital gaming solutions drove second-quarter growth
Revenue reached 352.4 million pesos and the digital solutions segment contributed 57%, while the company described AI work as an operating initiative rather than a completed outcome.