News
US-based Hemisphere Ventures expands into Southeast Asia
Hemisphere Ventures, a United States-based venture capital, has announced the opening of a new office in Singapore, marking its first expansion into Southeast Asia.
Yinson GreenTech partners Zeabuz to advance electric marine vessel operations
Malaysia-based green technologies solution provider Yinson GreenTech and Norwegian autonomous maritime technology startup Zeabuz AS have teamed up to advance the development of autonomous, remote-controlled electric marine vessel operations.
Maybank raises Grab’s earnings forecast after solid results in third quarter
Maybank Investment Bank has raised Grab Holdings 2024-2026 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) estimates by 23 percent to 27 percent.
Singapore commits $500M in matching concessional funding to support decarbonization in Asia
The Singapore Government has committed up to $500 million in concessional funding to support the Financing Asia’s Transition Partnership (FAST-P) launched by the Monetary Authority of Singapore (MAS) last year.
ASEAN-6 B2C e-commerce export revenue seen to reach $30.4 billion in 2028 : Amazon Global Selling
ASEAN-6 (Singapore, Malaysia, Thailand, Vietnam, Indonesia, and the Philippines)'s business to consumer (B2C) e-commerce export revenue for is expected to reach $30.4 billion in 2028, a report commissioned by Amazon Global Selling showed Wednesday.
Singapore’s Sea revenue up 30.8 pct on year in third quarter
Singapore's consumer internet firm Sea announced Tuesday that its total revenue rose 30.8 percent year on year to $4.3 billion in the third quarter ended September 30, 2024, underpinned by higher e-commerce growth.
Pentagreen Capital seeks to deploy $1B for Asia’s sustainable infrastructure
Pentagreen Capital, the sustainable infrastructure debt financing company established by HSBC and Temasek, is seeking to deploy $1 billion for Asia’s sustainable infrastructure.
BlackRock, MAS, IFC, MUFG, NEXI, AIA team up to boost decarbonization investment in Asia
BlackRock, Monetary Authority of Singapore (MAS), International Finance Corporation (IFC), Mitsubishi UFJ Financial Group (MUFG), NEXI, and AIA Group have teamed up to boost decarbonization investment in Asia with a focus on Southeast Asia.
HashKey Global partners OneInfinity by OneDegree to bolster Web3 and cybersecurity landscapes
Hong Kong-based digital asset exchange HashKey Global and OneInfinity by OneDegree, a cybersecurity and insurance provider, have on Tuesday announced a strategic partnership aimed at strengthening the Web3 and cybersecurity realms.
Vietnam’s EV maker VinFast secures $3.5B funding from Vingroup & founder Pham Nhat Vuong
Vingroup plans to lend VinFast up to 35 trillion Vietnamese dong ($1.4 billion) by the end of 2026, the company said in a statement on Tuesday. Additionally, Vuong has personally pledged 50 trillion dong ($2.1 billion) in sponsorship.
