☀️ Bright Spot #13
Indonesia’s Data Center Campus | Singapore’s Simplified Insolvency Program | On the Move: Emma Sacre, Chwee Sing Koo’s Private Credit Interview, Cathryn Neo, Terence Seah
💻 Indonesia’s Data Center Campus
It’s been a bad week for Indonesia, which was hit by fund outflows on concerns about the trend towards centralization, widening deficit and a potential MSCI downgrade.
Nevertheless, there was a bright spot as Digital Edge reportedly plans to invest USD 4.5 billion to build one of Indonesia’s largest data center campuses in Bekasi, on the eastern edge of Jakarta. Digital Edge is an Asian digital infrastructure firm backed by alternative asset manager Stonepeak Partners.
“Indonesia’s digital economy is expanding faster than infrastructure can keep up,” Digital Edge Indonesia CEO Stephanus Oscar said in a statement.
⚖️ Singapore’s Simplified Insolvency Program
An insolvency program for micro and small companies in Singapore will be revamped to make debt restructuring and winding-up more accessible, with simpler eligibility criteria and streamlined processes, Business Times reported.
“This aims to facilitate the orderly winding up of non-viable or dormant businesses and to have better recovery outcomes for viable ones,” according to Singapore’s Ministry of Law.
⏩ On the Move
🔸 Emma Sacre Joins MUFG as Head of Transaction Banking in Oceania and Head of FI Cash Sales for Asia Pacific
MUFG has appointed Emma Sacre as Head of Transaction Banking in Oceania and for a newly created role as Head of Financial Institutions Cash Sales for Asia Pacific.
🔸 PwC Malaysia Interviews Orion Capital’s Chwee Sing Koo on Private Credit
In an interview with PwC Malaysia, Orion Capital Asia Senior Managing Director Chwee Sing Koo shared his perspectives on the evolution of private credit and how it is deployed across Southeast Asia.
🔸 Cathryn Neo Joins Howden as Head of Contingent & Litigation Risks for Asia
Howden has appointed Cathryn Neo to lead its Contingent & Litigation Risks practice across the region. Alongside this role, she will oversee all M&A, tax, and contingent claims matters in Asia.
🔸 Terence Seah Rejoins Virtus Law
Stephenson Harwood’s alliance firm in Singapore, Virtus Law, has strengthened its Dispute Resolution practice with the arrival of partner Terence Seah.