Yimie Yong

Malaysia’s move to issue digital banking licenses comes at a time when regulators across Asia including Singapore, Hong Kong, and the Philippines are opening up the banking industry to digital players, encouraged by higher smartphone penetration and better internet connections.

Advancing digitalization of the financial sector is among the five strategic thrusts stated in the Blueprint. Among the initiatives include future-proofing key digital infrastructures, supporting a vibrant digital financial services landscape, strengthening cyber security readiness and responsiveness, and supporting greater use of technology for regulation…

Last month, AC Ventures had closed its Fund III with over $205 million in committed capital.

"Both parties have signed an exclusive relationship," a person familiar with the matter told TechNode Global.

AirAsia has been aggressively building its digital businesses and its Asean Super App over the last two years as most of its planes were grounded due to the ongoing COVID-19 pandemic.

AirAsia triggered the financial distress criteria, known as PN17 back in July 2020. This came after its external auditor flagged significant uncertainties that cast doubt on its ability to continue as a going concern.

A transaction could value the combined entity at as much as $1.5 billion.

Carsome, Malaysia's first tech unicorn, is said to be planning for an initial public offering in the US later this year.

Tencent’s voting power to be reduced below 10 percent following the transaction and proposed share conversion.

Novo Tellus could be among the first wave of sponsors looking to list SPACs in Singapore after the regulators introduced a framework in September last year, according to Bloomberg.