News
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.
Foxconn Industrial Internet, Vizzio Technologies, Ingrasys team up for AI server WEF Lighthouse Factory
Vizzio Technologies, a Singapore-based technology company, Foxconn Industrial Internet (FII), a subsidiary of the global technology leader Foxconn, and INGRASYS, an artificial intelligence (AI)-focused subsidiary of Foxconn, have teamed up for smart manufacturing.
Singtel, Hitachi expand collaboration to next-generation data centers and GPU cloud
Singaporean telecommunications conglomerate Singtel and Japanese multinational conglomerate Hitachi, Ltd. have expanded collaboration to next-generation data centers and graphics processing unit (GPU) cloud to accelerate enterprise digital transformation by artificial intelligence (AI) adoption.
S&P: tech crackdown could boost tech expenses for South and Southeast Asia banks
Technology expenses for banks in South and Southeast Asia could continue to increase at 15 percent to 20 percent a year over the next two to three years following a recent tech crackdown, S&P Global Ratings said Monday.
Farquhar VC invests in South Korean EdTech AI startup Catius
Singapore venture capital fund Farquhar VC (FVC) has announced its investment into South Korean EdTech artificial intelligence (AI) startup Catius Inc, whose lead investors of the pre-A round includes Smilegate Investments and STIC Ventures.
Vietnam’s VinFast delays Thai dealerships amid slowdown in global EV sales – report
The company is targeting expansion to at least 50 countries in 2024. VinFast has been aggressively expanding its businesses in several regions.
Google Cloud partners Kemenkominfo to launch career initiative in Indonesia
Google Cloud, in partnership with the Ministry of Communications and Informatics (Kemenkominfo), have on Thursday unveiled the Google Cloud Career Launchpad initiative in Indonesia.
Animoca Brands’ subsidiary GAMEE receives investment from Pantera Capital
GAMEE, the mobile gaming platform behind the viral game WatBird and subsidiary of Animoca Brands, has on Wednesday announced it has received an investment from Pantera Capital (Pantera).
