News

Carro, Asia Pacific’s leading online automotive marketplace has set up a S$450 million asset-backed securitisation facility backed by Singapore car loan receivables.

Gentari Sdn Bhd, a clean energy solutions company wholly-owned by Petronas, and BYD Malaysia Sdn Bhd (BYD Malaysia), the Malaysian arm of global electric vehicle (EV) manufacturer BYD, have on Wednesday signed a memorandum of understanding (MoU) to support the development and deployment of high-power EV charging infrastructure in Malaysia.

Vingroup, the Vietnamese conglomerate known for electric vehicle (EV) brand VinFast, plans to invest $500 million in a flagship EV manufacturing plant in the Philippines

South Korea's Korai Flix has agreed to merge with APEX Tech Acquisition in a SPAC deal valuing the short-drama platform at $3.5 billion.

UEM Edgenta Berhad, a Malaysian asset management and infrastructure solutions company owned by UEM Group, has launched its first Young Entrepreneurship Program (YEP) for six young business owners in its vendor network.

Preferred Networks and Tenstorrent will develop chiplet-based xPU technology in a five-year research project selected by Japan's NEDO.

Taiwan's Fair Trade Commission (TFTC) has declined to approve the sale of Germany-based Delivery Hero's food courier business foodpanda in Taiwan to Singapore's super app Grab, blocking a $600 million deal agreed in March.

Enterprise Singapore (EnterpriseSG) has launched Catalytic AI Solutions for the advanced manufacturing sector, a three-year initiative with more than S$45 million ($35.2 million) to help small and medium-sized enterprises (SMEs) deploy AI solutions.

Bain Capital will provide up to $250 million in financing to FundPark, a Hong Kong fintech company that lends to small and medium-sized e-commerce businesses, to support the latter's next phase of growth.

Genie Health, a Singapore health technology company, has raised $3 million in seed funding to expand its consumer health app and its clinic platform.