Alibaba’s Southeast Asian arm Lazada marks new year with layoffs in Singapore – report
Junior and senior employees from multiple departments, including the commercial and marketing teams, were affected.
Khazanah and CGC Digital invest in Funding Societies to broaden financing access to MSMEs
Khazanah Nasional Berhad (Khazanah) and CGC Digital Sdn Bhd (CGC Digital) have on Wednesday announced an investment into the largest unified small and medium enterprise digital…
US DFC approves loan to Indonesian clean energy firm Medco Cahaya Geothermal
The U.S. International Development Finance Corporation (DFC) has approved 17 new transactions in the first quarter of FY2024 at the board and sub-board levels, totaling more than…
Chinese logistics services provider BEST to open its sorting center in Malaysia in 2024
China-based supply chain and logistics services provider BEST Inc said that its largest sorting center in Southeast Asia, which is located in Selangor, the most developed state in…
EKA Mobility joins forces with Mitsui and VDL Groep to manufacture electric vehicles
EKA Mobility, an electric vehicles and technology company based in India, has announced a partnership with Japanese conglomerate Mitsui & Co., Ltd. and Netherlands-based…
Malaysia’s Gentari acquires stake in Hai Long offshore wind project in Taiwan
Malaysia-based clean energy solutions provider Gentari, through its subsidiary Gentari International Renewables Pte Ltd has added offshore wind capacity into its portfolio,…
IFC partners with Karsan to help drive electric vehicle production, exports in Türkiye
IFC is providing €35 million ($38.73 milllion) loan to an automotive manufacturer in Türkiye Karsan to boost its production of electric vehicles (EVs), strengthen the sector's…
Japan’s Monex to acquire majority stake in Canadian digital asset manager 3iQ for $39.8M
Monex Group, Inc., a Japanese financial group that runs online brokerage, crypto exchange, and asset management business in Japan and globally, will acquire the majority stake of…
How these 3 trends are catalyzing the adoption of real world assets
While there are important hurdles to adopting real world assets, enterprise solutions are emerging too. Here are three key ways that are catalyzing the institutional adoption and…
[Year in review] Southeast Asia’s Top 10 tech news in 2023
As we usher into 2024, with the hope for a better year, here are some of the top tech news in 2023.
China’s EV boom signals the end of the age of oil
China boasts the world’s largest EV market and a 2000 km EV road trip across the country by Bloomberg News offered a glimpse of the end of the age of oil.
Indonesian quick commerce startup Dropezy expands into poultry downstream industry, rebrands to Sekilo
Indonesian quick commerce startup Dropezy has expanded into the poultry downstream industry and rebranded to Sekilo. The firm said that motivated by a commitment to address…
India’s Adani Green Energy raises $1.13B to boost capacity
Adani Green Energy Ltd (AGEL), India’s largest renewable energy developer, said its shareholders will invest INR 9,350 crore ($1.13 billion) in the company to boost its capacity.…
Malaysia’s LiveIn secures $8.3M in pre-Series B funding to accelerate regional expansion
LiveIn, a Malaysia-based proptech firm, has successfully secured $8.3 million in its pre-Series B funding round. The round was led by Wavemaker Partners and InterVest, with…
