News
Malaysia’s FashionValet founders claim trial to alternative charges of fund misappropriation – report
They are accused of jointly and dishonestly misappropriating MYR8 million of FashionValet’s investment funds from Khazanah and PNB, at Public Bank Berhad, Bukit Damansara Branch, 36-40 Medan Setia 2, Plaza Damansara, Bukit Damansara, on Aug 21, 2018.
Dtcpay collaborates with BNB Chain to accelerate real-world utility for stable coin payments
Singapore-based digital payments platform dtcpay has teamed up with BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain by daily transactions, to accelerate the real-world utility of stable coins.
Indonesia antitrust agency fines Google $12.4M for unfair business practices – report
The agency launched an investigation into Alphabet Inc's Google in 2022 on suspicion it had abused its dominant position by requiring Indonesian app developers to use Google Play Billing, at higher rates than other payment systems, or face removal from the Google Play Store, according to the report.
Singapore’s CYFIRMA secures funding from MDI Ventures to enhance SEA’s cyber security
CYFIRMA, a Singapore-based cybersecurity company, has secured funding from Indonesian venture capital firm MDI Ventures to enhance Southeast East Asia (SEA)’s cyber security.
Alibaba Cloud announces latest AI models, tools & infrastructure available to drive more efficient global AI community
These advancements aim to empower developers worldwide to build innovative AI applications more cost-effectively and drive a thriving global generative AI community.
SUSI Partners raises $139M from BII, FMO for Southeast Asia renewable assets
Swiss fund manager SUSI Partners has raised $139 million additional investor capital for its Southeast Asia-focused strategy, increasing its total size to $259 million.
IFC invests $130M in Asialink to boost small-business lending in the Philippines
In line with its goal to ramp up financial inclusion in the Philippines, the International Finance Corporation (IFC) announced Tuesday it will provide up to $130 million in investment to Asialink Finance Corporation (AFC).
Indonesia’s seaweed startup Banyu raises $1.25M seed round led by Intudo
With this round of financing, Banyu will establish a seedling cultivation laboratory and nursery and grow its farming and exporting operations.
Titan Lab by Tokenize Xchange acquires Coinseeker in $30M deal to drive innovation
Titan Lab by Tokenize Xchange (Tokenize), the blockchain development arm of the Singapore-based digital asset platform, has acquired Coinseeker, a Singapore-based startup specializing in artificial intelligence (AI)-driven blockchain venture intelligence and incubation services, in a deal valuing the company at $30 million.
Malaysia’s iMotorbike completes Series A funding with $10M to drive regional growth
IMotorbike, a Malaysia-based motorcycle platform for buying and selling pre-owned motorcycles, has announced the successful completion of a $10 million Series A funding round.
