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Temasek’s Vertex closes new $290mn growth venture fund

Singapore's temasek buys stake in merrill lynch

Bloomberg Vertex Growth Fund, the youngest of a family of technology investment vehicles backed by Temasek Holdings Pte, has raised more money than initially targeted for its inaugural fund. The Singapore-based firm said it has closed the fund at $290 million, exceeding its goal of $250 million. The Vertex Growth Fund is the newest member of a global network operated ...

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Philippines to move its mint outside Manila

Bloomberg Congestion and constant flooding in the Philippine capital are prompting the central bank to move its mint away from the city. Bangko Sentral ng Pilipinas signed a deal to relocate its production facility for coins and bank notes to New Clark City, a former US air base where the government is building a back-up capital. “We will build facilities ...

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Indonesia detects 4,000 haze hotspots

Middle jakarta copy

Bloomberg More than 4,000 hotspots were detected in the central and western parts of Indonesia as authorities deployed thousands of personnel to fight the fires that are contributing to a haze blanketing parts of Southeast Asia. Indonesia said it has sealed off dozens of plantations, including concessions owned by foreign companies. In what has become a ritual once the haze ...

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