News
KAF-Carsome consortium targets to launch digital bank as early as year-end
Carsome, together with FinTech firm Jirnexu and digital remittance platform MoneyMatch, forms part of the consortium led by KAF Investment Bank which will be licensed under the Islamic Financial Services Act (IFSA) 2014.
Salary cut for Temasek’s investment team, senior management over failed bet on FTX
"With FTX, as alleged by prosecutors and as admitted by key executives at FTX and its affiliates, there was fraudulent conduct intentionally hidden from investors, including Temasek. Nevertheless, we are disappointed with the outcome of our investment, and the negative impact on our reputation," Temasek said.
MRANTI invites high growth Malaysian startups for global expansion
The Malaysian Research Accelerator for Technology and Innovation (MRANTI) is inviting high growth startups looking to expand their business presence in Japan, Germany and Thailand to sign up for its Global Market Fit Programme (GMP) on Monday.
INA, ESR, and Mitsubishi join forces to invest in modern warehouse in Indonesia
Indonesia Investment Authority (INA), Hong Kong-listed real estate firm ESR Group, and MC Urban Development Indonesia (MCUDI), a 100% subsidiary of Mitsubishi Corporation engaged in real estate development, have on Monday announced a strategic partnership to invest in modern warehouse in Indonesia.
SoftBank partners NVIDIA for AI data centers across Japan
Japanese multinational investment firm SoftBank Corp has partnered with American multinational technology company NVIDIA on a pioneering platform for generative artificial intelligence (AI) and 5G/6G applications that is based on the NVIDIA GH200 Grace Hopper™ Superchip and which SoftBank plans to roll out at new, distributed AI data centers across Japan.
Singaporean precision gut microbiome firm AMILI raises new funding led by East Ventures
AMILI, a Singapore-based precision gut microbiome company, has on Monday announced that it has secured new funding from venture capital firm East Ventures. The fresh funds will be allocated towards expanding operations into Indonesia with the primary focus on addressing prevalent gut health issues using scientific approaches adapted to the Indonesian…
India’s agrifoodtech sector funding falls 33 percent in 2022 : report
The agrifoodtech startup ecosystem in India mirrored the global slump in venture capital funding in 2022, with funding dropped 33 percent to $2.4 billion in 2022, from $3.6 billion in 2021, a report showed last week.
South and Southeast Asia fintechs raises $53.3B to date in alternative lending, digital banking, payments and transfers, and e-wallet
Over the entire history, fintechs in alternative lending, digital banking, payments and transfers, e-wallet sectors have raised a grand total of $53.3 billion and earned $17.8 billion, said in a study revealed by Robocash Group on last Thursday.
Malaysia’s TNB inks partnerships with energy players in Vietnam and Laos for renewable energy
Malaysian electricity utility Tenaga Nasional Berhad (TNB) has inked strategic partnerships with the major energy players in Vietnam and Laos to boost its ongoing drive to strengthen the ASEAN Power Grid (APG) interconnectivity and advancing Malaysia’s aspiration of becoming the Renewable Energy (RE) hub for ASEAN.
Gulf Binance secures digital asset operator licenses in Thailand
Gulf Binance Co., Ltd., a joint venture between Binance and Gulf Innova Co., Ltd. (Gulf), announced Friday that it has now secured digital asset operator licenses from the country’s Ministry of Finance for a digital asset platform, regulated by the country’s Securities and Exchange Commission (SEC).
