News
Binance Labs invests $5M in Curve DAO Token
Binance Labs, the venture capital and incubation arm of Binance, has made a $5 million investment in Curve DAO Token (CRV), an Ethereum-based token that powers the Curve ecosystem. This investment underscores Binance Labs’ commitment to collaborating with Curve and shaping the future of the DeFi sector.
Malaysia’s Solarvest eyes further expansion in Taiwan’s clean energy market
Malaysian clean energy firm Solarvest Holdings Berhad has on Friday established a new wholly-owned subsidiary, Solarvest (Taiwan) Corp Ltd (STCL) in Taipei, Taiwan, with the strategic intent to strengthen its market presence and explore clean energy project opportunities in the country.
Indonesian e-commerce platform Uway announces $500M financing
Indonesian e-commerce platform Uway has on Thursday announced a new round of financing of $500 million. The firm will utilize this new round of financing to enhance its supply chain technology.
Black Spade’s shareholders approve business combination with VinFast
Vietnamese automaker VinFast Auto Ltd. (VinFast) and Black Spade Acquisition Co (Black Spade) have on Thursday announced that their previously announced business combination was approved at an extraordinary general meeting (EGM) of Black Spade’s shareholders. The business combination is expected to close on August 14, 2023.
Jay Chou’s PHANTACi partners Highstreet to launch ‘PHANTACi Peninsula’
International fashion label PHANTACi is entering a revolutionary partnership with Highstreet, the MMORPG and retail-focused metaverse, unveiling a unique region within Highstreet World called “PHANTACi Peninsula.” This exclusive metaverse intends to provide fans with an innovative, interactive experience, acting as a testament to their enduring support of…
Malaysia’s Bintang Capital invests in Singaporean integrated waste management firm Blue Planet
Bintang Capital Partners Berhad (Bintang) has announced its investment under its maiden fund, BCP Asia Fund I L.P (BCPAF I) into Singapore-based waste management firm Blue Planet Environmental Solutions Pte Ltd (Blue Planet) to support the continued growth of its sustainable waste management technologies and capabilities.
UK’s TerraPay receives in-principle approval for an MPI license from MAS
TerraPay, a United Kingdom-based global payments infrastructure company, has secured an in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). With this coveted approval from MAS, TerraPay’s customers and leading global enterprises will be able to access its expansive network, across 120 receive…
MAS commits up to $111M for technology and innovation in financial sector
The Monetary Authority of Singapore (MAS) has on Monday announced that it will commit up to SGD 150 million ($111.47 million) over three years under the renewed Financial Sector Technology and Innovation Scheme (FSTI 3.0). FSTI 3.0 seeks to accelerate and strengthen innovation by supporting projects that involve the use of cutting-edge technologies or with…
CapitaLand Investment launches new business park development fund in India
Singapore-based real estate investment firm CapitaLand Investment Limited (CLI) has launched a business park development fund, CapitaLand India Growth Fund 2 (CIGF2), with a target fund size of SGD 525 million ($390.04 milion) to invest in Grade A business parks in prime locations across gateway cities in India.
Singapore’s Carro achieves best quarterly profitability since inception in the first quarter of FY2024
Carro, the Singapore-based online used car platform, has achieved best quarterly profitability since inception in the first quarter of FY2024. The firm has clocked its highest earnings before interest, taxes, depreciation, and amortization (EBITDA) of over $4 million for the month of June. It has also exceeded profitability targets for the first quarter of…
