News

Funding Societies has disbursed $64.22M in Islamic financing to MSMEs in Malaysia

Funding Societies, the Singapore-based unified digital finance platform for small and medium sized enterprises (SMEs), has successfully disbursed MYR 300 million ($64.22 million) in Islamic business financing to more than 2,500 micro, small, and medium enterprises (MSMEs) in Malaysia since launching its comprehensive suite of Islamic products in June 2023.

Grab acquires Singapore’s dining reservation platform Chope – report

Chope is free to use and is available in seven cities: Singapore, Jakarta, Bali, Bangkok, Phuket, Hong Kong, and Shanghai.

MAS commits up to $74.33M to support quantum and artificial intelligence capabilities in the financial sector

The Monetary Authority of Singapore (MAS) has announced that it will commit an additional SGD 100 million ($74.33 million) under the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0) to support financial institutions in building capabilities in quantum and artificial intelligence (AI) technologies, as well as enable the advancement of…

Zyp Technologies launches EVs with battery swap stations in Pakistan with $1.5M investment led by Shorooq Partners

Zyp Technologies, a Pakistani electric vehicles startup, has raised $1.5 million in Series Pre-A funding led by Shorooq Partners to enable a city-wide launch of Zyp’s electric smart mobility technologies in Lahore, Pakistan.

PayNet launches next-generation cloud skills programme to bridge Malaysia’s digital talent gap in the financial services industry

Malaysian Central Bank-owned Payments Network Malaysia (PayNet) has on Monday launched Program Akar, a new program designed to address the urgent need for digitally skilled workers in Malaysia.

JIA Asset Management joins Vynn Capital Progression Fund as limited partner

JIA Asset Management Sdn Bhd has announced on Tuesday its strategic collaboration with Vynn Capital by participating as a limited partner in the Vynn Capital Progression Fund, Vynn Capital’s mobility and supply chain-focused fund.

China listed AI firm iFLYTEK to invest $51.23M in Hong Kong

China-listed artificial intelligence company iFLYTEK plans to HK$400 million ($51.23 million) in Hong Kong over the next five years.

Organizations report a four-fold increase in the deployment of generative AI since 2023

Organizations report a four-fold increase in the deployment of generative artificial intelligence (GenAI) since 2023, according to the Capgemini Research Institute’s latest report revealed on Monday.

IFC provides $250M loan to Ayala Land to boost green buildings in the Philippines

The International Finance Corporation (IFC), a member of the World Bank Group, is investing up to PHP 14.5 billion ($250 million) in the form of a sustainability-linked loan (SLL) for developer Ayala Land Inc. (ALI) to boost green buildings in the Philippines.

Singapore’s CHITOSE Group raises $6.2M from Japan’s SMBC

Singapore-based biotech firm Chitose Bio Evolution Pte. Ltd. has announced the issuance of new shares of JPY 1 billion ($6.2 million) through a third-party allotment to Sumitomo Mitsui Banking Corporation (SMBC).