News
IFC allocates $5.32M to support green transition in the Philippines with EU
The International Finance Corporation (IFC) will allocate PHP 308 million ($5.31 million) to support green transition in the Philippines with the European Union (EU).
Temasek strengthens senior leadership with new appointments
Singapore state-owned fund Temasek has strengthened its senior leadership with several new appointments.
Singapore’s iMin Technology enters Johor, Malaysia with new state-of-the-art production facility
IMin Technology, the provider of Android-based Point of Sales (POS) hardware and platform provider based in Singapore, has announced the grand opening of its cutting-edge manufacturing facility in Johor, Malaysia.
MAS sets up review group to strengthen equities market development
The Monetary Authority of Singapore (MAS) has announced that a Review Group has been set up to recommend measures to strengthen equities market development in Singapore.
EDBI and SEEDS merge to form SG Growth Capital to bolster Singapore’s efforts in building innovative enterprises in Singapore
Singapore-based global investor EDBI and SEEDS Capital (SEEDS) will be merged to form a new government investment entity called SG Growth Capital Pte Ltd.
Grab-led GXBank to invest $333M in Malaysia over the next five years
Grab-led GX Bank Berhad (GXBank) said Friday that it will invest MYR 1.5 billion ($333 million) into Malaysia over the next five years includes the establishment of the GX Untuk Semua initiative, further solidifying Malaysia’s position in the digital banking landscape.
Ayala acquires additional 8 percent stake in Mynt for $394.54M
The Philippines-based conglomerate Ayala Corporation has acquired additional 8 percent stake in Globe Fintech Innovations, Inc. (Mynt), the parent company of the finance super app and digital cashless ecosystem GCash in the Philippines, for PHP 22.9 billion ($394.54 million).
WeChat Pay Malaysia to discontinue e-wallet service
Chinese payment firm WeChat Pay will discontinue its e-wallet service in Malaysia from September 1, 2024 due to business strategy adjustment.
Indonesian GoTo’s Q2 revenue up 39 percent on year to $265.58M
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, announced Tuesday that its gross revenue increased by 39 percent year on year to Rp 4.3 trillion ($265.58 million) in the second quarter.
Singapore’s M-DAQ Global acquires Malaysian payment firm Easy Pay Transfers
M-DAQ Global Pte. Ltd., a Singapore-headquartered fintech group, announced Wednesday that it has completed the acquisition of licensed business to business (B2B) payments service provider Easy Pay Transfers Sdn. Bhd.
