News
EDBI and SEEDS merge to form SG Growth Capital to bolster Singapore’s efforts in building innovative enterprises in Singapore
Singapore-based global investor EDBI and SEEDS Capital (SEEDS) will be merged to form a new government investment entity called SG Growth Capital Pte Ltd.
Grab-led GXBank to invest $333M in Malaysia over the next five years
Grab-led GX Bank Berhad (GXBank) said Friday that it will invest MYR 1.5 billion ($333 million) into Malaysia over the next five years includes the establishment of the GX Untuk Semua initiative, further solidifying Malaysia’s position in the digital banking landscape.
Ayala acquires additional 8 percent stake in Mynt for $394.54M
The Philippines-based conglomerate Ayala Corporation has acquired additional 8 percent stake in Globe Fintech Innovations, Inc. (Mynt), the parent company of the finance super app and digital cashless ecosystem GCash in the Philippines, for PHP 22.9 billion ($394.54 million).
WeChat Pay Malaysia to discontinue e-wallet service
Chinese payment firm WeChat Pay will discontinue its e-wallet service in Malaysia from September 1, 2024 due to business strategy adjustment.
Indonesian GoTo’s Q2 revenue up 39 percent on year to $265.58M
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, announced Tuesday that its gross revenue increased by 39 percent year on year to Rp 4.3 trillion ($265.58 million) in the second quarter.
Singapore’s M-DAQ Global acquires Malaysian payment firm Easy Pay Transfers
M-DAQ Global Pte. Ltd., a Singapore-headquartered fintech group, announced Wednesday that it has completed the acquisition of licensed business to business (B2B) payments service provider Easy Pay Transfers Sdn. Bhd.
VinFast starts delivering the mini SUV VF 3 in Vietnam
Vietnamese automaker VinFast has officially started delivering the mini-sport utility vehicle (SUV) VF 3 to customers in Hanoi and Ho Chi Minh City, ahead of schedule.
Fraxtor breaks new ground with dual listing of real estate tokens in Singapore, Australia
Fraxtor Group, a blockchain enabled real estate co-investment platform, has announced the successful dual listing of a tokenized real estate investment in Singapore and Australia via two regulated financial institutions.
AirAsia X to complete Capital A’s aviation business acquisition by end of this year
Malaysia-based budget airline AirAsia X (AAX) is expected to complete the acquisition of Capital A Berhad’s aviation business for MYR 6.8 billion ($1.49 billion) by the end of this year.
Vietnam’s VinFast expands to the Middle East
Vietnam-based electric vehicle (EV) manufacturer VinFast Auto has on Wednesday announced that it has expanded to the Middle East market with car dealer Bahwan Automobiles and Trading LLC (BAT).
