News

Five Mobile Network Operators (MNOs) have on Friday executed share subscription agreements (SSAs) to take up 70 percent equity stakes in Digital Nasional Berhad (DNB), a special-purpose vehicle company set up by Malaysian government to drive the development of the 5G (fifth-generation) infrastructure in the country.

Airasia MOVE, the travel, lifestyle and financial digital platform of Malaysia-based Capital A, has posted quarterly revenue of MYR 171 million ($36.59 million), up 68 percent year on year.

Development Bank of Singapore (DBS) has provided an AUD 207 million ($137 million) green loan to Malaysia's largest pension fund Retirement Fund (Incorporated) (KWAP) to refinance a Grade A green office tower in Australia.

The market size for climate tech in India and Southeast Asia (SEA) in 2023 is $102 billion and is expected to grow to $350 billion by 2030, at compound annual growth rate (CAGR) of about 20 percent, according to a report revealed on Wednesday.

Australian venture investment and advisory firm Happenco has on Thursday announced the close of its first fund, raising $12m to empower earliest-stage startups to build bold companies. The fund is led by Ben Cheyne, (ex. Deloitte Ventures), Gideon Gut-Silverman (ex. McKinsey, Google), and Omar Varts (ex. Deus Ex Machina), who bring a breadth of knowledge…

Grab-backed digital bank GX Bank Berhad (GXBank) has officially opened its app to millions of Malaysians. Looking ahead, GXBank will progressively be rolling out additional features which will also include their debit card – GX card and how its various features will benefit Malaysians, GXBank said in a statement on Thursday.

Fr8Labs, a Singapore and Indonesia-based artificial intelligence (AI)-enabled freight logistics technology startup, has announced the successful completion of its seed funding round, raising $1.5 million. The funding is coming from East Ventures, FEBE Ventures, Kaya Founders, Mulia Sky Capital, Seedstars, Venturra, and various angel investors.

Mystifly, a Singapore-based travel technology provider, has on Wednesday announced that it is joining forces with Google Cloud to drive growth and innovation in the travel technology sector. The collaboration will enable both the organizations to tackle emerging industry challenges in airline distribution and infrastructure.

The Board of Cradle Fund Sdn Bhd (Cradle), Malaysia’s focal point agency for Malaysian startup ecosystem under the Ministry of Science, Technology and Innovation (MOSTI), has announced the appointment of Norman Matthieu Vanhaecke as the Group Chief Executive Officer (GCEO), effective November 23, 2023.