News
Vietnam’s VinFast strives for first-mover advantage at Middle East’s nascent EV market
VinFast is striving for a first-mover advantage in the Middle East's nascent EV market, aiming to establish early brand recognition and customer loyalty, paving the way for long-term success in the region.
S&P upgrades Grab to ‘BB-‘ with stable outlook
S&P Global Ratings has on Thursday upgraded Singapore-based superapp Grab Holdings Ltd. to 'BB-' with stable outlook, as it foresees sustained positive earnings before interest, taxes, depreciation, and amortization (EBITDA) and cash flow for the firm.
Singapore’s EDB commits additional funding of $25M; facilitates partnerships with startups
The Singapore Economic Development Board (EDB) is committing S$32 million ($24.57 million) in fresh funds over the next two years to continue driving corporate venturing in Singapore.
China’s Rigol sets up $23M manufacturing facility, R&D center in Malaysia
Rigol Technologies Co., Ltd., a China-based company specializing in design, development, production, and sales of electronic test and measurement instruments, has set up a manufacturing facility and research and development (R&D) center in Malaysia, with a total investment of over MYR 100 million ($23.14 million).
Hyundai Motor targets 2M EV sales by 2030
South Korea-based automaker Hyundai Motor is targeting sales of 2 million electric vehicles (EVs) by 2030 with new EVs lineup.
Campus X partners SenseTime to deliver innovative AI education program in Hong Kong
Campus X, a STEAM education institution created by the team from local robotics company Rice Robotics, announced Wednesday that it is partnering with leading artificial intelligence (AI) software company SenseTime’s education brand, Magic Lab, to launch "Sense AI", an innovative AI education program designed for Hong Kong students.
Philippine government’s SCALE NCR launches roadmap to boost Metro Manila’s startup ecosystem
The Strategic and Collaborative Alliance for Leveraging Ecosystems of Startups - National Capital Region (SCALE NCR), a consortium established by the Department of Science and Technology (DOST) of the Philippines, has launched key initiatives to drive innovation and accelerate startup growth in Metro Manila.
Ant International joins the Hong Kong Monetary Authority’s Project Ensemble Sandbox
Singapore-based fintech firm Ant International has announced its participation in the Hong Kong Monetary Authority’s (HKMA) Project Ensemble Sandbox, focusing on “Liquidity Management”, one of its four main themes.
Singapore’s Hatcher+, Australia’s Mandalay Venture Partners team up for Agtech investment
Singapore-based venture capital firm Hatcher+ has teamed up with Australia-based early-stage agrifood tech venture capital firm Mandalay Venture Partners to identify and support startups developing groundbreaking technology to improve how food is grown, distributed, and consumed.
IFC invests $50M in gender-inclusive social bond issued by Thailand’s Muangthai Capital
To expand financial inclusion in Thailand for women microentrepreneurs, the International Finance Corporation (IFC) has on Monday announced a $50 million investment in a gender-inclusive social bond issued by Muangthai Capital Public Company Limited (MTC), one of the leading listed non-banking financial institutions (NBFIs) in the country.
