DRB-Hicom, Geely form joint venture to develop the Automotive Hi-Tech Valley in Malaysia
Malaysia-based conglomerate DRB-Hicom and Chinese automaker Geely Holdings have signed a joint venture agreement to develop the Automotive Hi-Tech Valley in Tanjong Malim, Perak…
Alibaba DAMO Academy introduces SeaLLMs, inclusive AI language models for Southeast Asia
Alibaba DAMO Academy has announced the launch of SeaLLMs, pioneering large language models (LLM) that come with 13-billion-parameter and 7-billion-parameter versions. The LLMs are…
Gobi GBA drives positive environmental change and circular business models through strategic capital allocation
Gobi Partners, a leading pan-Asian venture capital firm, is firmly dedicated to promoting sustainable development and is poised to make significant investments in circular economy…
Indonesian healthtech firm Klinik Pintar closes $5M round led by Altara Ventures
Jakarta-headquartered healthtech company Klinik Pintar has announced an oversubscribed $5 million Series A1 funding round led by Altara Ventures. The round also saw participation…
Animoca Brands Japan and Apas Port introduce new digital toy platform developed by OnChain Studios for Japanese collectors
Animoca Brands Japan, a strategic subsidiary of Animoca Brands, announced Monday that the firm and Apas Port Inc. have partnered with Cryptoys, a digital toy platform developed by…
China’s Tik Tok to invest $1.5B in Indonesia’s GoTo
Chinese entertainment platform Tik Tok will invest $1.5 billion in Indonesia's largest digital ecosystem PT GoTo Gojek Tokopedia Tbk (GoTo Group). As part of the agreement,…
Nvidia CEO Jensen Huang aims to set up a base in Vietnam – report
Nvidia's CEO Jensen Huang said the company viewed Vietnam as its home and affirmed its plans to set up a centre in the country.
ADB announces start of Climate Action Catalyst Fund
The Asian Development Bank (ADB) has on last Friday announced that it will start on January 1, 2024 operations of its Climate Action Catalyst Fund (CACF) — a first-of-its-kind…
Zetrix and Beitou launch digital ID and driver’s license services on blockchain
Zetrix, a layer 1 public blockchain platform of Malaysia-based MY E.G. Services Bhd, has on last Saturday announced the launch of its groundbreaking Digital Credentials platform,…
JICA to provide up to $1.5B for ADB-managed LEAP 2 Fund to support infrastructure in Asia and the Pacific
The Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA) have signed an agreement to establish the Leading Asia's Private Infrastructure Fund 2 (LEAP…
YTL partners NVIDIA to build AI infrastructure in Malaysia
Malaysian utility firm YTL Power International Berhad (YTL) has on Friday announced a collaboration with United States chip manufacturer NVIDIA to build artificial intelligence…
ADB lends $400M to support climate priorities in Bangladesh
The Asian Development Bank (ADB) has on Friday approved a $400 million policy-based loan to support the government of Bangladesh in implementing its National Adaptation Plan,…
ASEAN Reinsurance Working Committee inks MOU to establish ASEAN renewable energy pool
The ASEAN Reinsurance Working Committee (ARWC) has signed a Memorandum of Understanding (MOU) in pledging support in the form of underwriting capacity as well as setting up the…
