News
Temasek inks deal to divest Pavilion Energy to Shell
Carne Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek, has reached an agreement to divest 100 percent of its shares in Pavilion Energy Pte. Ltd. to Shell Eastern Trading Pte. Ltd., a subsidiary of Shell plc.
IFC offers $100M debt financing package to EPIC to support sustainable textile manufacturing in Bangladesh and India
To support sustainable textile manufacturing and improve the sector's resource efficiency in Bangladesh and India, International Finance Corporation (IFC) has on Monday announced a partnership with EPIC Group, a leading player in the global apparel industry, to help finance its green capital expenditure program and create higher-skilled jobs.
Fintech entrepreneurs launch foreign exchange risk management firm Instantia with VNG backing
Industry veterans Richard Poulton and Danny Pezeshki have joined forces with Vietnamese tech titan VNG to launch foreign exchange (FX) risk management firm Instantia that based in Australia.
India’s VentureSoul Capital to raise up to $36M for its maiden debt fund
VentureSoul Capital, an India-based investment firm, is looking to raise up to INR 600 crores ($35 million) for its maiden debt fund to invest in domestic startups. The tech focused structured debt fund has received support from marquee Anchor - Micro Labs ltd, a healthcare major.
Temasek invests up to $198M in Australian financial services firm Betashares
Betashares, an Australian financial services company, has on Monday announced it has entered into a binding agreement with Temasek, a global investment company headquartered in Singapore, for Temasek to invest up to AUD 300 million ($198M) in Betashares.
Canada, ADB launch $255M new fund to support private sector climate action and nature-based solutions in Asia Pacific
The government of Canada and the Asian Development Bank (ADB) have announced a partnership to create a new CAD 360 million ($255 million) trust fund. The Canadian Climate and Nature Fund for Private Sector in Asia (CANPA) will support private-sector projects in Asia and the Pacific focused on climate and nature-based solutions while accelerating gender…
AWS announces $230M commitment for generative AI startups
Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company , has on last Thursday announced a $230 million commitment for startups around the world to accelerate the creation of generative AI applications.
MATRADE partners Tiktok Shop enabling more cross-border opportunities for Malaysian firms
The Malaysia External Trade Development Corporation (MATRADE), has joined hands with TikTok Shop in the effort to intensify cross-border business opportunities through #ThisisMY Campaign.
Indosat partners Google Cloud to deliver AI-driven digital experiences to customers across Indonesia
Indosat Ooredoo Hutchison (Indosat) and Google Cloud have on Thursday announced the expansion of their long-term strategic alliance, aimed at accelerating Indosat’s transformation from telco to AI Native TechCo.
MATRADE partners Amazon Global to boost Malaysian brand owners cross-border e-commerce transactions
The Malaysia External Trade Development Corporation (MATRADE) and Amazon has announced that they have entered into a memorandum of understanding (MoU) to bolster export capabilities of small and medium-sized enterprises (SMEs) in Malaysia.
