Yimie Yong
Singapore’s SPH Media to acquire tech media firm Tech in Asia
Financial terms of the transaction will not be disclosed.
Softbank-backed WeWork plans to file for bankruptcy – report
Shares of WeWork plunged following the bankruptcy plan news. WeWork shares fell by more than 40 percent in after-hours in New York trading on Tuesday.
Malaysia’s Capital A prepares to raise more than $1B in debt, equity as it prepares New York SPAC listing – report
Fernandes has agreed a deal with Aetherium Acquisition, a special purpose acquisition company trading on NASDAQ, and plans to list several businesses through it next year, the FT reported.
CIS 2023: accelerating growth while saving the world at Asia’s largest experiential technology & innovation conference
The theme of CIS 2023, "Accelerating Growth While Saving the World," highlights the importance of sustainable development for businesses, countries, and the region. It goes beyond simply applying technology and innovation to achieve exponential business growth, and instead focuses on developing businesses while concurrently fostering sustainability.
Tuya Smart teams up with T3 Technology & SCG to elevate Thailand’s smart living ecosystem as part of driving digital economy and creative economy
The Tuya Innovation Roundatable (Asia Pacific) on Wednesday also came after Tuya Smart, which has primary listings in both New York and Hong Kong, announced a partnership agreement with SCG in August. Media representatives were also given the opportunities to experience "mind" smart home solution and some other IoT products and services developed by SCG.
Singapore regulator raises competition concerns on Grab’s plan to acquire Trans-cab
The statement comes after the CCCS completed its Phase 1 review of the proposed acquisition by Grab through its wholly-owned subsidiary, Grab Rentals Pte Ltd of 100 percent stake in Trans-cab.
Vietnamese EV maker VinFast to expand into Southeast Asia, raising more capital – report
Southeast Asia has a lot of potential with governments looking to boost EV adoption with aggressive targets, VinFast Chief Executive Officer Le Thi Thu Thuy said.
Budget 2024: Malaysia federal govt plans to adopt EVs as official vehicles
The government will also strengthen the venture capital environment through the centralization of venture capital agencies such as Penjana Kapital and MAVCAP under the sovereign wealth fund Khazanah Nasional Berhad.
TikTok’s compliance with Malaysian laws is still “unsatisfactory”, says Communications Minister
TikTok has recently come under scrutiny in Southeast Asia. Last week, Indonesia's government has halted transactions on its platform following a ban on e-commerce trade on social media.
PH startup PetPal plans to build ‘superapp’ as it targets $1.6B pet care market in Southeast Asia [Q&A]
In the interview, 917Venture Head of Ideation and Acceleration Glenn Estrella also shared PetPal’s short-term and long-term plans, the potential and opportunities the company sees in the pet care market in the Philippines and the rest of Southeast Asia, among others.
