Author: TechNode Global Staff

Singapore-based venture capital firm Vertex Holdings has announced the appointment of Dilhan Pillay Sandrasegara, Executive Director and Chief Executive Officer of Temasek Holdings, as Chairman of the Board with effect from April 15.

Singapore's Senior Minister of State for Digital Development and Information, and Health Tan Kiat How has announced that the Infocomm Media Development Authority (IMDA) will expand TIP Alliance1 to include local information and digital technology (IDT) university graduates.

The Asian Development Bank (ADB) has announced plans to mobilize up to $6 billion by 2030 and provide institutional support to capital market regulators in Southeast Asia to accelerate the development of the region’s capital markets and strengthen its long-term financial resilience against external shocks.

Malaysia-based venture capital firm OSK Ventures International Berhad (OSKVI) has successfully exited its investment in Alternatives.pe through its fund OSK Ventures ET Fund II Ltd.P. (OSKVETF2), following the acquisition of Alternatives.pe by Japan-listed business intelligence firm Uzabase, Inc.

Malaysia’s Entrepreneur and Cooperatives Development Ministry is rolling out up to MYR 5 billion ($1.3 billion) in low-cost financing to support small and medium enterprises (SMEs) in scaling up and transitioning into higher value activities, national news agency Bernama reported on Thursday.

The Malaysian government is stepping up efforts to move Malaysia further up the semiconductor value chain through the MyChipStart program, which aims to develop local integrated circuit (IC) design companies, national news agency Bernama reported Friday.

Maybank Cambodia has extended a $50 million financing facility to Smart Axiata, a subsidiary of Malaysian-headquartered Axiata Group Berhad, to accelerate the strategic development of Cambodia’s digital and telecommunications infrastructure, including 5G connectivity across the country.

Generative artificial intelligence (AI) could significantly reshape economies and labor markets across Asia and the Pacific, but widening disparities in readiness mean advanced economies are likely to capture most early gains, according to a report by the Asian Development Bank (ADB) on Friday.

Singapore fintech firm Thunes has joined forces with the Circle Payments Network (CPN) Managed Payments, to expand stablecoin settlement.

Chinese autonomous vehicle technology company Pony AI Inc. (Pony.ai) has partnered with Singapore's national transport group ComfortDelGro to launch autonomous mobility service in the city state.