Author: TechNode Global Staff
Kenanga foresees heightened external risks for Malaysia’s technology sector
Kenanga Research has on Friday downgraded Malaysia’s technology sector rating to neutral from overweight as external risks have intensified, particularly from global memory tightness, supply-chain fragility and persistent cost pressure across the value chain.
KWAP to commit $47M in Malaysia’s Lestari Cooling Energy
Malaysia’s national public sector pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) is expected to commit up to MYR 190 million ($47.38 million) of capital in Lestari Cooling Energy Sdn. Bhd.
Singapore’s Tazapay raises $36M Series B funding led by Circle Ventures
Tazapay, a Singapore-based payment infrastructure provider for emerging markets, announced the close of its Series B extension led by Circle Ventures, bringing total Series B funding to $36 million.
SC launches ICM Innovation Lab to advance Maqasid al-Shariah driven Islamic capital market innovation
The Securities Commission Malaysia (SC) announced Thursday the establishment of the ICM Innovation Lab (FIKRALab), a structured co-creation and applied research and development (R&D) platform to develop new Islamic capital market (ICM) products and instruments.
Indonesia signals tighter scrutiny on Chinese e-commerce – Momentum Works
Indonesia is sending a clear message to foreign e-commerce platforms, particularly those linked to China, even as it stops short of an outright ban, according to market analysts Momentum Works.
DV8 to acquire Rakkar Digital, plans capital injection of $2.7M
Thailand-based media, advertising, and event management firm DV8 Public Company Limited has announced a strategic acquisition to acquire Rakkar Digital Company Limited to broaden its presence in Thailand’s digital asset services sector.
Iran conflict shifts battery upside to BESS and wider electrification – Fitch
China’s battery manufacturers’ technology and cost leadership should keep them as beneficiaries of the global energy transition following the Iran conflict and related supply shocks, said Fitch Ratings.
Middle East tensions pose mixed risks for semiconductor supply chain, Malaysia partially insulated – Maybank
Malaysia’s semiconductor industry, concentrated on assembly, test, and packaging (ATP), is relatively insulated from immediate supply disruptions caused by rising tensions in the Middle East, Maybank Investment Bank said Thursday.
Grab’s foray Into Taiwan will be credit neutral – S&P
Grab Holdings Ltd.'s proposed acquisition of Delivery Hero SE's Foodpanda delivery business in Taiwan will have little impact on its credit profile, S&P Ratings said Wednesday.
Startale closes $63M Series A investment from SBI, Sony Innovation Fund
Singapore-based blockchain firm Startale Group announced Wednesday the second close of its Series A round, securing $50 million from SBI Group, Inc.
