Yimie Yong
Singapore’s Accredify collaborates with ACRA to make its business profiles & certificates verifiable
Accredify announced on Monday it is collaborating with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) in making its Business Profiles and Business Certificates (Incorporation/Registration) verifiable via its new online verification portal, trustBar - a digital site in which enterprises can verify tamper-evident documents of these…
Malaysia introduces initiatives to ensure local startups will have access to later stage financing
Anwar said his administration is committed to support high value-add local startups from early stage right up to listing onto Bursa Malaysia (local stock exchange).”
Grab retires $600M in 2026 debt with extra cash – report
The Singapore-based ride-hailing and delivery company completed the transaction last week, bringing its debt under an outstanding term loan to $517 million, down from the previous balance of $1.117 billion. Grab also has about $200 million in other bank debt.
Indonesia to provide incentives to boost EV sales, attract investment – report
Indonesia is always keen to develop domestic EV production facilities to take advantage of its rich nickel reserves, an important material to produce EV batteries.
SoftBank-backed chip designer Arm aims to raise at least $8B in US IPO – report
The preparations for the IPO are expected to be kick-started in the US in the coming days and the valuation range has not yet been finalized.
Grab has liquidity to drive operations, says S&P Global Ratings
The stable rating outlook on Grab reflects S&P Global Ratings' view that the company will maintain sufficient liquidity to tide it through until it reaches positive EBITDA and cash flow by 2025.
SoftBank, Ant Group seek to sell Paytm stake to reduce holding in payments firm – report
Ant Group and SoftBank have discussed selling shares in the company through a secondary stock deal, according to the report.
Tencent sets up team to develop ChatGPT-like chatbot – report
Chinese tech giants such as Baidu and Alibaba Group have already announced plans to launch their own AI chatbots and incorporate the technology into their core businesses.
Indonesia seek to dual list home-grown startups in Hong Kong – report
IDX has proposed to bring its local startups to also list on the bourse operated by Hong Kong Exchanges and Clearing Ltd (HKEX)
Malaysia government in talks with Proton, Perodua to expedite production of national EVs – report
Fitch Solutions has anticipated that passenger electric vehicle (EV) sales in Malaysia will expand in 2023, albeit from a low base, as a result of the implementation of incentives to encourage adoption. The research house said in a recent report that according to its projections, sales of passenger EVs will rise by 82 percent in 2023, reaching a volume of…
