Yimie Yong

Singapore’s GIC bets on Latin American infrastructure companies, targets smaller tech firms – report

GIC Pte Ltd, Singapore's sovereign wealth funds, is making an outsized bet on Latin American infrastructure, while targeting smaller technology companies in the region

Malaysia’s AI governance and ethics code framework at final stage, will be launched soon – report

The Ministry of Science, Technology and Innovation (MOSTI) has been working with Universiti Teknologi Malaysia and other representatives of government agencies, higher education institutions and industry players, to develop the framework.

China’s BYD to build EV plant in Indonesia, groundbreaking expected in July – report

China-based electric vehicle producer BYD announced plan to build an automotive assembly plant in Indonesia's West Java, with groundbreaking scheduled for July.

JETOUR showcases hybrid off-road innovation at Beijing Auto Show; prepares entry into right-hand drive, European markets

Over the past years, JETOUR said it has demonstrated exceptional growth and a burgeoning dominance in the SUV segment. The company boasts the seventh position in China's automotive export volume and ranks second in growth rate, indicating its undeniable global impact.

Chinese EV manufacturer Chery to invest in Thailand – report

Chery aims to use Thailand as a production base to meet the domestic demand for right-hand drive EVs, as well as export the vehicles to Asean countries, Australia and the Middle East, the report added.

Malaysia introduces incentives to lure global unicorns – report

Earlier on Monday, Prime Minister Anwar Ibrahim launched the KL20 Action Plan paper in conjunction with the inaugural KL20 Summit 2024.

Softbank-backed Carro seeks valuation above $2B as it prepares for IPO- report

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, Indosat plan $200M AI centre investment in Indonesia – report

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

B Capital sees opportunities in late-stage growth investing despite fundraising woes [Q&A]

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

Thailand’s biggest crypto exchange Bitkub hiring advisers for 2025 IPO – report

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