News
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.
India’s Cardiotrack secures $2M in Pre-series A funding led by seasoned angel investor
Cardiotrack, an India-based provider health-tech firm, has on Monday announced that it has received $2 million in Pre series-A funding. The funding is coming from a slew of investors, led by seasoned angel investor Girish Narasimhan, Managing Director and Principal, Corporate Finance Associates Worldwide Inc.
Singapore’s EduSpaze announces six early-stage startups for its accelerator program
EduSpaze, Singapore’s leading edtech accelerator, has on Tuesday welcomed six early-stage startups across the region into its well-established three-month accelerator program. The six startups, including YAHO Lab, Edvance, Quippy, School on Cloud, Safe Space, and Salatech, were selected.
Malaysia’s first smart AI container port to be built in Port Dickson, Negeri Sembilan
The Negeri Sembilan government, in partnership with Malaysia listed company Tanco Holdings Berhad, have announced the signing of a joint venture agreement for the development of Malaysia’s first smart artificial intelligence (AI) container port at Dickson Bay, Port Dickson, Negeri Sembilan of Malaysia.
Huawei, NUR Power and JS Solar team up to develop smart and green industrial park in Malaysia
Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia), N.U.R Power Sdn Bhd (NUR Power) and JS Solar Sdn Bhd (JS Solar) will jointly develop an inaugural Smart and Green Industrial Park within the Kulim Hi-Tech Park (KHTP), Kedah, Malaysia.
Soon-to-be-rebranded MRANTI to focus on DroneTech & robotics, HealthTech, Argitech, autonomous vehicle
MRANTI is headquartered at MRANTI Park, an extensive 686 acre 4IR innovation hub in Kuala Lumpur, supporting the growth of smart manufacturing, biotech, agritech, smart city, green tech and enabling technology clusters.
Indonesia’s wagely secures $23M in new funding led by Capria Ventures
Wagely, an Indonesia-based financial wellness platform, has secured $23 million in new funding amidst current funding drought as the company surpasses more than one million salary disbursements since inception.
GS1 Philippines launches “GS1 Activate” to boost digital transformation of 30,000 PH retailers with robust barcode system
GS1 Philippines, the organization on local barcode standards, has officially launched GS1 Activate, a web-based service aimed at simplifying barcode generation and symbol creation for businesses, revolutionizing the retail supply chain through digitalization.
PropertyGuru reports $740,000 net profit in 4Q amid higher revenue
Singapore-based PropTech company PropertyGuru has reported net profit of SGD 1 million ($740,000) in the fourth quarter ended December 31, 2023 amid higher revenue, as compared to a net loss of SGD 5 million ($3.72m) a year ago.
