Yimie Yong

Carro is raising capital during one of the hardest possible times for fledgling firms. The Southeast Asia technology industry has been plagued by job cuts, CEO resignations and falling startup valuations, making it difficult for companies to debut on public markets.

Nvidia and Indonesia's telco PT Indosat Ooredoo Hutchison plan to build an AI center in Central Java in 2024, worth $200 million.

In the interview, B Capital General Partner Sami Ahmad also shared B Capital's strategy and plans for the latest fund, among others. 

Bitkub plans to go public on the Stock Exchange of Thailand in a bid to boost the company’s profile and raise money.

The partnership covers various areas, exploring to integrate more payment methods and providing acquiring services to Capital A’s platforms, work on digital marketing and sponsorship opportunities to drive business growth, and to cooperate in enhancing access to sustainable finance while transitioning to a low carbon economy for the Micro, Small & Medium…

MDEC chief executive officer Mahadhir Aziz said the tax incentive, to be announced in May, will be for digital initiatives in intellectual property (IP) and non-IP, and also in the form of investment tax allowance incentives, the report added.

WORQ announced in October last year that it has completed its pre-Series B fundraising round, backed by 14 follow-on investors.

Bank of Thailand said interested applicants can submit their application for a virtual bank license to the central bank from March 20, 2024 to Sept 19.

Over 200 LPs, including more than 150 family offices from across 30 countries, set to attend, aiming for collaboration with international partners.

The survey findings also show that women still make up a minority of FinTech portfolios, with 63 percent of the lending-focused FinTech firms reporting that women-owned small and medium sized enterprises (SMEs) make up less than a quarter of their portfolio.