News
Ant International joins the Hong Kong Monetary Authority’s Project Ensemble Sandbox
Singapore-based fintech firm Ant International has announced its participation in the Hong Kong Monetary Authority’s (HKMA) Project Ensemble Sandbox, focusing on “Liquidity Management”, one of its four main themes.
Singapore’s Hatcher+, Australia’s Mandalay Venture Partners team up for Agtech investment
Singapore-based venture capital firm Hatcher+ has teamed up with Australia-based early-stage agrifood tech venture capital firm Mandalay Venture Partners to identify and support startups developing groundbreaking technology to improve how food is grown, distributed, and consumed.
IFC invests $50M in gender-inclusive social bond issued by Thailand’s Muangthai Capital
To expand financial inclusion in Thailand for women microentrepreneurs, the International Finance Corporation (IFC) has on Monday announced a $50 million investment in a gender-inclusive social bond issued by Muangthai Capital Public Company Limited (MTC), one of the leading listed non-banking financial institutions (NBFIs) in the country.
Singapore’s Mandala Capital exits Indian laboratory testing firm EFRAC
Singapore-based private equity firm Mandala Capital has kicked off this year with a full exit from its investment in Edward Food Research and Analysis Centre (EFRAC), an Indian laboratory testing firm.
LG AI Research taps Google Cloud to develop EXAONE 3.0 and ChatEXAONE AI agent
South Korea-based LG AI Research has on Wednesday announced an expanded collaboration with Google Cloud to help develop LG’s latest family of EXAONE 3.0 generative AI models, and its enterprise multimodal artificial intelligence (AI) agent, ChatEXAONE, trained and developed on Google Cloud's AI-optimized infrastructure.
Zurich Malaysia collaborates with GXBank to launch cyber protect digital insurance product
Zurich General Insurance Malaysia Berhad and GXBank Berhad have announced the launch of Cyber Fraud Protect offered within the GXBank application and powered by Zurich Edge platform.
DeCurret DCP partners Internet Initiative Japan for digital assetization of environmental value, launch of digital currency settlement transactions
Japanese digital currencies platform DeCurret DCP Inc. has partnered internet service provide Internet Initiative Japan Inc. (IIJ) for digital assetization of environmental value and launch of digital currency DCJPY settlement transactions.
EY: SEA’s InsurTech deal value jumps more than four times to $2.35B in 2023
Despite macroeconomic and geopolitical uncertainty, a hawkish inflationary environment and elevated interest rates, SEA’s InsurTech sector saw a surge in deal value in 2023 – a development not seen since 2020, Ernst & Young Global (EY) said in its recent report.
S&P: Asia Pacific decarbonization path beyond 2030 is highly uncertain
S&P Global Ratings believes the decarbonization path for Asia Pacific firms beyond 2030 is highly uncertain, and will be shaped by emerging regulations and new technologies.
Temasek’s SeaTown closes second private credit fund at over $1.3B
SeaTown Holdings International, a wholly-owned subsidiary of Temasek’s asset management group Seviora Holdings, has on Tuesday announced the final close of the SeaTown Private Credit Fund II (PCF II) with over $1.3 billion in capital commitments.
