News
Singapore’s myFirst, Fu Yu expand to North American kids tech market with $11M deal
Singapore’s kids-tech startup myFirst Tech Holdings Pte Ltd (myFirst) has appointed SGX Mainboard-listed Fu Yu Corporation Limited (Fu Yu) as its exclusive contract manufacturer to propel a major North American expansion of its kid-safe digital platform.
BuildMart PH Technologies invests in builders online marketplace for Hubware
BuildMart PH Technologies, Inc., the Philippines-based business to business (B2B) e-commerce platform that connects manufacturers with hardware stores, has invested an undisclosed amount to Hubware Corporation, an online marketplace for builders, hardware stores, and construction suppliers.
Brunei and Laos formally join regional payment connectivity initiative
Brunei Darussalam Central Bank (BDCB) and Bank of the Lao PDR (BOL) have officially joined the Regional Payment Connectivity (RPC) after previously expressing their interest in joining the initiative, the Monetary Authority of Singapore (MAS) said Wednesday.
MAS expands scope of regulated payment services
The Monetary Authority of Singapore (MAS) has on Tuesday introduced amendments to the Payment Services Act (PS Act) and its subsidiary legislation to expand the scope of payment services regulated by MAS, and to impose user protection and financial stability-related requirements on digital payment token (DPT) service providers.
ADB readies ASEAN Climate Finance Policy Platform
The Asian Development Bank (ADB) plans to launch an ASEAN Climate Finance Policy Platform, which will support Southeast Asian finance ministry leaders in advancing collective action in the battle against climate change, ADB President Masatsugu Asakawa announced Wednesday.
IFC and DBS launch $500M facility to promote trade flows in emerging markets
The World Bank's member International Finance Corporation (IFC) and Singapore-based lender DBS Bank Limited (DBS) have signed a $500 million facility under IFC’s Global Trade Liquidity Program (GTLP). 20 percent of the facility will be allocated to climate-eligible trade transactions
B Capital announces two appointments to expand climate investment platform
B Capital, a global multi-stage investment firm, has on Thursday announced two appointments to further expand its climate investment platform.
EV charging operators from Singapore and Malaysia combine networks through roaming
Electric vehicle (EV) charging operators Charge+ from Singapore and ChargeSini (Chargehere EV Solution Sdn Bhd) from Malaysia have signed a roaming collaboration agreement that grants EV drivers from both parties access to each other’s charging networks.
Thailand’s Mobility Marketplace WYZauto secures $2.25M in funding led by Vynn Capital
WYZauto, a Thailand-based a online tyre marketplace for vehicle maintenance businesses, has secured $2.25 million in funding led by Vynn Capital, a Malaysia-based venture capital firm specialising in mobility and supply chain sectors.
Nvidia, Indosat plan $200M AI centre investment in Indonesia – report
Nvidia and Indonesia's telco PT Indosat Ooredoo Hutchison plan to build an AI center in Central Java in 2024, worth $200 million.
