News
Malaysia central bank, ASEAN 5 to set up multilateral platform for cross-border payment connectivity
A key highlight at the symposium is the showcasing of Malaysia’s cross-border QR payment linkages with Indonesia, Singapore, and Thailand. It features an exhibition with food vendors from Malaysia, Indonesia, Singapore, and Thailand.
Nokia, NAVER Cloud collaborate to bolster digital transformation in Southeast Asia
Finnish telecom equipment maker Nokia Nokia and South Korean technology firm NAVER Cloud Corp. announced Thursday that they have signed a Memorandum of Understanding (MoU) to bolster the digital transformation in the Southeast Asia (SEA) region.
Antler closes $285M emerging growth fund to back industry leaders
Singapore-based startup accelerator Antler has closed Antler Elevate, a $285 million emerging growth fund that backs the next generation of game-changing founders across 20+ technology ecosystems.
US SEC charges cryptocurrency platform Coinbase a day after suing Binance
The US Securities and Exchange Commission (SEC) on Tuesday charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Coinbase for failing to register the offer and sale of its crypto asset staking-as-a-service program.
MHI inks MoU with TNB Genco on clean energy technologies to drive decarbonization in Malaysia
Japanese industrial group Mitsubishi Heavy Industries, Ltd. (MHI) and Malaysia's power producer TNB Power Generation Sdn. Bhd. (TNB Genco), have signed a Memorandum of Understanding (MoU) to study and exchange information related to clean energy technologies.
NTU Singapore, Delta Electronics set up $18M corporate lab for advanced robotic technologies
Nanyang Technological University (NTU Singapore) and Delta Electronics, a Taiwan-based provider of internet of things (IoT)-based smart green solutions, have established the SGD 24 million ($17.8 million) Delta-NTU Corporate Lab for advanced robotics.
Indian EV startup River raises $15M in funding deal led by Al Futtaim
Indian electric vehicle (EV) manufacturer River has raised a $15 million investment round led by Dubai's multinational powerhouse, Al Futtaim Group. The fresh funding will bolster the firm's growth, priming its manufacturing and distribution networks for an August 2023 delivery kick-off.
India’s Course5 Intelligence completes fund raise of $53M with second close led by Nuvama Private Equity
India-based analytics and artificial intelligence (AI) solutions company Course5 Intelligence, announced Tuesdasy that it has successfully completed its round of funding of $53 million with second close led by Nuvama Crossover Series of funds, managed by Nuvama Asset Management Limited.
TuSimple’s autonomous trucks commence testing on expressway in Japan
TuSimple Holdings, Inc. (TuSimple), a global autonomous driving technology company, has on Monday announced it has begun Level 4 autonomous test runs on Japan's most critical freight corridor that connects the major cities of Tokyo, Nagoya, and Osaka.
Circle Singapore secures major payment institution license
Circle Internet Singapore Pte. Ltd. (Circle Singapore), an affiliate of Circle Internet Financial, LLC (Circle), has obtained a major payment institution (MPI) license from the Monetary Authority of Singapore (MAS). The license allows Circle Singapore to offer digital payment token services, alongside cross-border money transfer services and domestic money…
