News
EU, US warn Malaysia of ‘national security’ risk in Huawei’s bid for 5G role – report
The US ambassador to Malaysia, warned of “national security risks” unless Malaysia stuck with its original plan for 5G deployment, according to the report.
ADB announces new program to accelerate billions in climate change financing
The Asian Development Bank (ADB) has on Tuesday announced the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), a landmark program which could significantly ramp up support for the region in the battle against climate change.
MUFG Bank partners Mitsubishi, Pavilion Private Equity to launch $1B climate tech fund
Japan's largest bank MUFG Bank has on Tuesday announced that it has established the Marunouchi Climate Tech Growth Fund L.P. with Mitsubishi Corporation and Pavilion Private Equity Co., Ltd. The fund which has $400 million at establishment, is targeting a fund size of $800 million to $1 billion.
Malaysia’s HOMA2U secures $875,000 funding from Singapore-based Quest Ventures
HOMA Sdn Bhd (HOMA2U), a Malaysian marketplace for renovation and interior design materials, announced Tuesday that it secured $875,000 in its pre-series A funding. The investment round was led by Quest Ventures Asia Fund II, an early-stage venture capital fund managed by Quest Ventures Pte Ltd, a Singapore-based venture capital firm.
TDCX: ASEAN SMEs plan to invest $130 billion in digitalization
Small and medium-sized enterprises (SMEs) in ASEAN do not plan to slow down their investment in digitalization, and plan to invest a further $130 billion for digitalization over the next three years, according to a recent white paper published by TDCX.
Bukalapak slips into the red with $68.18M net loss in 1Q
Indonesian e-commerce company PT Bukalapak.com Tbk (Bukalapak) said last Friday it has slipped into the red by recording a net loss of 1 trillion rupiah ($68.18 million) in the first quarter, as compared to a a net profit of 14.55 trillion rupiah ($991.99 million) a year ago.
BigPay announces leadership transition as Capital A commits to sustain growth in fintech business
BigPay, a Capital A venture company and fintech firm based in Malaysia, has announced the appointment of Zubin Rada Krishnan as its Acting Group Chief Executive Officer.
Total transaction value made via Alipay by Chinese tourists in Singapore almost doubled in Q1
Alipay, the digital platform for payment and other digital services owned by China-base Ant Group, has on Friday reported that the total transaction value made by Chinese tourists in Singapore via its app has almost doubled in the first quarter of 2023 compared to the previous quarter (Q4 2022).
South Korea’s Kakao Pay acquires majority stake in Siebert Financial Corp
Kakao Pay, a fintech subsidiary of Korean-based conglomerate Kakao Corp., has on last Thursday announced an agreement to purchase a 19.9 percent stake in United States-based brokerage firm Siebert Financial Corp for approximately $17 million.
Japan’s GLOBIS Capital Partners closes Fund VII at $534M
Japanese venture capital firm GLOBIS Capital Partners (GCP) has announced the final closing of its Fund VII at 72.7 billion yen ($534 million).
