News
MAS commits up to $74.33M to support quantum and artificial intelligence capabilities in the financial sector
The Monetary Authority of Singapore (MAS) has announced that it will commit an additional SGD 100 million ($74.33 million) under the Financial Sector Technology and Innovation Grant Scheme (FSTI 3.0) to support financial institutions in building capabilities in quantum and artificial intelligence (AI) technologies, as well as enable the advancement of…
Zyp Technologies launches EVs with battery swap stations in Pakistan with $1.5M investment led by Shorooq Partners
Zyp Technologies, a Pakistani electric vehicles startup, has raised $1.5 million in Series Pre-A funding led by Shorooq Partners to enable a city-wide launch of Zyp’s electric smart mobility technologies in Lahore, Pakistan.
PayNet launches next-generation cloud skills programme to bridge Malaysia’s digital talent gap in the financial services industry
Malaysian Central Bank-owned Payments Network Malaysia (PayNet) has on Monday launched Program Akar, a new program designed to address the urgent need for digitally skilled workers in Malaysia.
JIA Asset Management joins Vynn Capital Progression Fund as limited partner
JIA Asset Management Sdn Bhd has announced on Tuesday its strategic collaboration with Vynn Capital by participating as a limited partner in the Vynn Capital Progression Fund, Vynn Capital’s mobility and supply chain-focused fund.
China listed AI firm iFLYTEK to invest $51.23M in Hong Kong
China-listed artificial intelligence company iFLYTEK plans to HK$400 million ($51.23 million) in Hong Kong over the next five years.
Equinix expands to the Philippines with acquisition of three data centers
United States data center firm Equinix has announced its planned entry into the Philippines with the acquisition of three data centers from Total Information Management (TIM), a technology solutions provider based in the Philippines.
Organizations report a four-fold increase in the deployment of generative AI since 2023
Organizations report a four-fold increase in the deployment of generative artificial intelligence (GenAI) since 2023, according to the Capgemini Research Institute’s latest report revealed on Monday.
IFC provides $250M loan to Ayala Land to boost green buildings in the Philippines
The International Finance Corporation (IFC), a member of the World Bank Group, is investing up to PHP 14.5 billion ($250 million) in the form of a sustainability-linked loan (SLL) for developer Ayala Land Inc. (ALI) to boost green buildings in the Philippines.
Singapore’s CHITOSE Group raises $6.2M from Japan’s SMBC
Singapore-based biotech firm Chitose Bio Evolution Pte. Ltd. has announced the issuance of new shares of JPY 1 billion ($6.2 million) through a third-party allotment to Sumitomo Mitsui Banking Corporation (SMBC).
TAU Intelligence partners Jardine Matheson, Intel to launch resource-efficient AI solutions
Singapore-based generative artificial intelligence (AI) start-up TAU Intelligence has collaborated with Hong Kong-based conglomerate Jardine Matheson and United States-based technology firm Intel to launch resource-efficient AI solutions.
