News

Malaysian automaker Proton launches first electric vehicle

Malaysia-based national automotive brand Proton has launched the company’s and the nation’s first electric vehicle (EV).

Temasek-backed Indonesian unicorn eFishery suspends founders, appoints interim CEO, CFO – report

In July last year, eFishery announced it has raised $200 million in its Series D funding round. The round was led by Abu Dhabi-based global fund manager 42XFund and backed by Malaysia’s largest public sector pension fund, Kumpulan Wang Persaraan (Diperbadankan) (KWAP), Switzerland-based asset manager responsAbility, early investor multi-stage venture…

Gobi Partners announces Techxila Fund II & signs MOU with Bank of Punjab to drive economic cooperation

The launch of $50 million Techxila Fund II builds on the success of Gobi’s first Pakistan-focused venture capital fund, which has invested in 22 startups to date.

Telekom Malaysia unveils sovereign GPU-as-a-service

Telekom Malaysia (TM), a Malaysia-based telecommunication firm, has on last Friday unveiled its sovereign GPUas-a-service (GPUaaS).

Singaporean DePIN startup Copute secures ICP community grant

Singaporean DePIN protocol Copute has secured a community grant from DFINITY Foundation, a Swiss non-profit organization that has a focus on the research and development (R&D) of blockchain technology.

DRB-Hicom, Geely ink MOUs with MIDA, MARii to boost AHTV development

Malaysian conglomerate DRB-Hicom Bhd with its joint venture partner Chinese automaker Zhejiang Geely Holding Group have inked memorandum of understandings (MOU) with two government bodies, namely with Malaysian Investment Development Authority (MIDA) and Malaysia Automotive, Robotics and IoT Institute (MARii) to promote the development of the Automotive…

Malaysia-based YTL Power’s 100MW AI data center construction is on track

MIDF Research said Monday that Malaysia-based YTL Power International Bhd's 100MW artificial intelligence (AI) data center construction in Johor is on track.

Maybank expects e-commerce/on-demand services growth for Singapore internet firms to be sustained over the medium term

Maybank Investment Bank said Monday that it expects core e-commerce/on-demand services growth of internet companies in Singapore to be sustained over the medium term owing to under-penetration.

EQT completes acquisition of PropertyGuru

EQT Private Capital Asia has completed the acquisition of the Singapore-based property technology (PropTech) company PropertyGuru Group.

1337 Ventures Invests in Malaysian neo banking platform Vircle

1337 Ventures, through its 1337 Accelerator Fund I, has announced its investment in Vircle, a Malaysian neo banking platform focused on transforming financial literacy for children.