News
Indonesian healthtech firm Klinik Pintar closes $5M round led by Altara Ventures
Jakarta-headquartered healthtech company Klinik Pintar has announced an oversubscribed $5 million Series A1 funding round led by Altara Ventures. The round also saw participation from leading healthcare information technology (IT) corporate, Infocom, and existing investors Golden Gate Ventures, Skystar Capital and Venturra.
Animoca Brands Japan and Apas Port introduce new digital toy platform developed by OnChain Studios for Japanese collectors
Animoca Brands Japan, a strategic subsidiary of Animoca Brands, announced Monday that the firm and Apas Port Inc. have partnered with Cryptoys, a digital toy platform developed by OnChain Studios, to deliver a new toy experience to Japanese collectors.
China’s Tik Tok to invest $1.5B in Indonesia’s GoTo
Chinese entertainment platform Tik Tok will invest $1.5 billion in Indonesia's largest digital ecosystem PT GoTo Gojek Tokopedia Tbk (GoTo Group). As part of the agreement, Tokopedia and TikTok Shop Indonesia’s businesses will be combined under the existing PT Tokopedia entity in which TikTok will take a controlling stake.
ADB announces start of Climate Action Catalyst Fund
The Asian Development Bank (ADB) has on last Friday announced that it will start on January 1, 2024 operations of its Climate Action Catalyst Fund (CACF) — a first-of-its-kind carbon fund under the Paris Agreement. The fund aims to mobilize innovative carbon finance through the purchase of carbon credits to catalyze investments in transformative mitigation…
Zetrix and Beitou launch digital ID and driver’s license services on blockchain
Zetrix, a layer 1 public blockchain platform of Malaysia-based MY E.G. Services Bhd, has on last Saturday announced the launch of its groundbreaking Digital Credentials platform, ushering in a new era of secure, convenient, and interoperable credentials verification.
JICA to provide up to $1.5B for ADB-managed LEAP 2 Fund to support infrastructure in Asia and the Pacific
The Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA) have signed an agreement to establish the Leading Asia's Private Infrastructure Fund 2 (LEAP 2) with capital of up to $1.5 billion provided by JICA. The fund aims to co-finance high-quality, resilient, and sustainable infrastructure projects in Asia and the Pacific.
YTL partners NVIDIA to build AI infrastructure in Malaysia
Malaysian utility firm YTL Power International Berhad (YTL) has on Friday announced a collaboration with United States chip manufacturer NVIDIA to build artificial intelligence (AI) infrastructure that will bring the fastest supercomputers to Malaysia by the middle of 2024.
ADB lends $400M to support climate priorities in Bangladesh
The Asian Development Bank (ADB) has on Friday approved a $400 million policy-based loan to support the government of Bangladesh in implementing its National Adaptation Plan, 2023–2050 and Nationally Determined Contributions 2021 Update to the Paris Agreement to achieve a climate-focused inclusive development.
ASEAN Reinsurance Working Committee inks MOU to establish ASEAN renewable energy pool
The ASEAN Reinsurance Working Committee (ARWC) has signed a Memorandum of Understanding (MOU) in pledging support in the form of underwriting capacity as well as setting up the terms to the establishment of the ASEAN Renewable Energy Pool (AREP) under the supervision of ASEAN Insurance Council (AIC).
