News
US’s SEC declares effective for Vinfast and Black Spade merger
Vietnamese automaker VinFast Auto Pte. Ltd. (VinFast) and special purpose acquisition company Black Spade Acquisition Co (Black Spade) have announced that the U.S. Securities and Exchange Commission (SEC) has declared effective the registration statement of their proposed business combination.
Global deeptech startups contest X-PITCH is open for applications
X-PITCH, an annual startup contest for global deeptech startups in Singapore, is open for application. Ten awards will be presented at the November 10 Grand Finale, with the top three teams receiving investments totaling at least $1 million.
Malaysian foodtech firm GoodMorning Global raises $4.4M via equity crowdfunding
GoodMorning Global Group, a Malaysia-based foodtech firm, has raised MYR 20 million ($4.41 million) via equity crowdfunding. The firm has raised the fund from 1,046 investors.
Malaysia’s Capital A seals partnership with Philippine’s UnionDigital Bank
Malaysia-based multinational low-cost airline Capital A is entering into a partnership with UnionDigital Bank, the digital bank subsidiary of Union Bank of the Philippines, involving three key subsidiaries, namely AirAsia, airasia Superapp, and BigPay.
Malaysia, Hong Kong plan economic hub near Singapore border – report
Hong Kong and Malaysia also signed 11 MoUs, including the one involving MTR Corporation.
Malaysia’s airasia Superapp 2Q average monthly active users up 40 percent on year to 15M
Airasia superapp continued to gain strong momentum, recording its highest quarterly average monthly active users (MAU) of 15 million in the second quarter of 2023, up 40 percent year on year. This led to a 102 percent year on year jump in the number of transactions at 7.9 million.
73 percent of consumers globally say they trust content created by generative AI, says study
A new study from the Capgemini Research Institute finds that consumers trust generative artificial intelligence (AI) to assist with financial planning, medical diagnosis, and relationship advice, as 73 percent of consumers globally say they trust content created by generative AI.
HSBC, GOBI Partners join hands to support innovative businesses between Hong Kong and ASEAN
Gobi Partners, a pan-Asian venture capital firm, and The Hongkong and Shanghai Banking Corporation (HSBC) have on Friday signed a Memorandum of Understanding (MOU) to deepen their partnership to support the innovation economy in Hong Kong and ASEAN.
United Kingdom and Singapore enhance cooperation in sustainable finance, FinTech
United Kingdom and Singapore have agreed to enhance cooperation in sustainable finance and FinTech. They have agreed to contribute to efforts to develop global regulatory standards for crypto and digital assets as part of international standard setting bodies such as IOSCO, and working groups under the Financial Stability Board (FSB), and welcomed the FSB…
SK Telecom, Deutsche Telekom, e& and Singtel form Global Telco AI alliance
Telecommunication firms - South Korea-based SK Telecom, Germany-based Deutsche Telekom, Abu Dhabi-based e& and Singapore-based Singtel - have on Thursday announced that they formed the Global Telco AI Alliance to create a new customer experience and make a difference in the lives of global citizens using artificial intelligence (AI) technology.
