TechNode Global Staff
Bursa Carbon Exchange inks deal with Gold Standard to grow Malaysia’s voluntary carbon market
Bursa Carbon Exchange (BCX), a wholly-owned subsidiary of Bursa Malaysia Berhad, and Gold Standard, a leading impact standards, have on Monday signed a memorandum of understanding (MOU) with the aim to further develop and grow the voluntary carbon market landscape in Malaysia.
Climate tech venture builder Wavemaker Impact closes first fund at $60M
Wavemaker Impact (WMI), a Southeast Asia’s climate tech venture builder, has announced the final close of its debut fund dedicated to driving large-scale decarbonization efforts in the region. The first fund hit its $60 million hard cap, surpassing its initial $25 million target by 2.5 times.
Malaysian Stock Exchange to launch platform for mandatory ESG reporting
Bursa Malaysia Securities Berhad (Bursa Malaysia) is set to unveil the Bursa Malaysia ESG Reporting Platform on Monday. This platform will act as a repository for disclosures conforming to the prescribed format mandated under Bursa Malaysia’s enhanced sustainability reporting requirements within the main market listing requirements and ACE market listing…
Malaysian Central Bank, World Bank announce initiatives to enable financial sector to support nature-positive outcomes
Bank Negara Malaysia (BNM) and the World Bank have announced two key initiatives to enable the financial sector to support nature-positive outcomes. The two initiatives are financial risks assessment guide for Malaysian financial institutions and businesses to assess nature-related risks and impacts; as well as private capital mobilization for nature-based…
ACP, IFC, MAS and Temasek establish green investments partnership in Asia
Allied Climate Partners (ACP), International Finance Corporation (IFC), the Monetary Authority of Singapore (MAS) and Temasek announced today the intent to establish a green investments partnership to address climate finance gaps and increase the bankability of green and sustainable projects in Asia, with an initial focus on Southeast Asia.
Alibaba Cloud open-sources more LLMs with diverse sizes and multimodal features
Alibaba Cloud has open-sourced two large language models (LLM), Qwen-72B and Qwen-1.8B, the 72-billion-parameter and 1.8-billion-parameter versions of its proprietary foundation model Tongyi Qianwen, on its artificial intelligence (AI) model community ModelScope, and the collaborative AI platform Hugging Face.
Malaysian agritech startup Qarbotech lands $700,000 seed funding
Qarbotech, a Malaysia-based agritech startup, announced Monday that it has raised $700,000 in seed funding and grants. The round was led by multi-stage venture capital firm, 500 Global, and includes innovation grants from the Temasek Foundation for winning the Climate Impact Innovations Challenge 2023, and Khazanah Nasional’s Dana Impak for winning the…
MAS launches world’s first multi-sector transition taxonomy
The Monetary Authority of Singapore (MAS) has on Monday launched the Singapore-Asia Taxonomy for Sustainable Finance (Singapore-Asia Taxonomy) – which sets out detailed thresholds and criteria for defining green and transition activities that contribute to climate change mitigation across eight focus sectors.
Indonesian construction technology company Gravel raises $14M from prominent investors
Gravel, the Indonesia-based construction technology company, has raised $14 million to date from investors. The investors include New Enterprise Associates (NEA); Weili Dai, Co-Founder Marvell Technology Group; Lip-Bu Tan, Executive Chairman of Cadence Design System and Chairman of Walden International; SMDV; East Ventures; along with other strategic…
Singapore’s Igloo closes $36M Pre-Series C fundraise with 50 percent valuation increase
Singapore-based insurtech Igloo has on Monday announced that it has closed a $36 million Pre-Series C funding round. Global investment firm Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, led the investment.
