News
United Kingdom’s Currencycloud secures license to provide services in Singapore
Currencycloud, a United Kingdom-based Visa solution and the experts in simplifying business in a multi-currency world, has obtained an In-Principle Approval (IPA) for a Major Payment Institution (MPI) license holder from the Monetary Authority of Singapore (MAS). The license will allow Currencycloud to provide a full suite of intra-regional and…
Singapore’s Thryve.Earth raises $2.6M in funding round led by Openspace
Thyrve.Earth, a Singapore-based technology-enabled project developer conserving and restoring nature, has on Wednesday announced a $2.6 million investment in a round led by a prominent regional venture capital firm, Openspace. The round also attracted participation from existing investors, Capital Code, and key strategic angels.
Singapore’s Ai Palette secures $5.8M in Series A1 funding led by Tin Men Capital
Singapore-based tech startup Ai Palette has secured a total of $5.8 million in a Series A1 funding round. Tin Men Capital, a Singapore-based venture capital firm with a focus on business to business (B2B) software startups, has announced a $4 million investment in the company.
Zhejiang Sinopont Technology sets up first manufacturing facility outside China in Malaysia
China-based manufacturer of solar encapsulant film, Zhejiang Sinopont Technology Co., Ltd. has established its first manufacturing facility outside China in Ipoh, Perak on Tuesday.
Malaysia’s Gentari appoints Solarvest to install solar power systems at over 300 Petronas stations across Malaysia
In a significant move towards a more sustainable future, Solarvest Energy Sdn Bhd, a subsidiary of leading clean energy expert Solarvest Holdings Berhad, has been appointed by Gentari Renewables Sdn Bhd, a subsidiary of Gentari Sdn Bhd (Gentari), to install solar power systems at over 300 PETRONAS stations across Malaysia.
BW Digital partners Citramas to build data center in Indonesia
BW Digital, a member of BW Group and headquartered in Singapore, and Citramas Group, an Indonesia-based conglomerate, have on Monday announced the signing of a memorandum of understanding (MoU) for the joint development of a carrier-neutral digital ecosystem in Batam’s Nongsa Digital Park (NDP), Indonesia.
US’s Vantage Data Centers secures $64M loan from top Taiwanese banks
Vantage Data Centers, a global provider of hyperscale data center campuses, has on Tuesday announced that it has secured a $64 million loan from CTBC Bank and Cathay United Bank to fund the development of the company's first data center in Taipei, Taiwan (TPE11).
Animoca Brands Japan partners KDD to accelerate Web3 adoption through Mocaverse and αU
Animoca Brands Japan, a strategic subsidiary of Animoca Brands, and KDDI Corporation (KDDI) have signed a memorandum of understanding (MoU) to explore a strategic alliance to accelerate Web3 adoption. This includes collaboration between Mocaverse, the marquee growth network with an interoperable infrastructure layer of account, identity, reputation, and…
Singapore’s Sea achieves first full year annual profit since IPO
Singapore-based tech conglomerate Sea Limited has achieved its first full year of annual profit in 2023 since its initial public offering (IPO). The firm posted a net income of $162.7 million in 2023, as compared to total net loss of $1.7 billion in 2022.
Most businesses bullish on using generative AI to disrupt, but underestimate requirements, says study
A global study by MIT Technology Review Insights (MITTR) has found that while most businesses are seeking to disrupt their industries using generative artificial intelligence (AI), only a small proportion believe they have the right level of technology and other attributes such as funding, culture and skills to support its rapid adoption.
