News

Malaysia’s cooperation with China will boost opportunities for local innovators to collaborate globally, says tech minister

The Minister of Science, Technology and Innovation (MOSTI) welcomes China’s participation to accelerate science and technological innovation and deepen cooperation in all aspects, including interconnectivity, digital economy, green economy, modern agriculture and biomedicine.

Ant raises mobile payment services transaction limits for overseas visitors on Alipay, international e-wallets in China

In response to China's new policies to facilitate international visits, Chinese fintech firm Ant Group is raising single-transaction limit for international travellers using its cross-border payment services from $1000 to $5000; and annual cumulative transaction limit up from $10,000 to $50,000.

Petronas Twin Towers in Kuala Lumpur, Malaysia

Malaysia to launch AI code of ethics & governance guideline as soon as April – report

The Ministry of Science, Technology and Innovation said the document is scheduled to be presented to the Cabinet this month before its official launch in April.

Softbank-backed Carro expands into Hong Kong with Beyond Cars acquisition

Carro, Southeast Asia's largest online used car platform, has on Thursday announced its acquisition of Beyond Cars, one of the leading used car platforms in Hong Kong. With Hong Kong under its belt, the firm is now present in a total of seven markets, including Singapore, Malaysia, Indonesia, Thailand, Japan, and Taiwan.

Razer’s fintech arm rebrands as Fiuu

Razer Fintech, the financial technology arm of Razer Inc., together with its business to business (B2B) payments unit, Razer Merchant Services (RMS), have announced a dynamic rebranding initiative on Friday. The company unveils a new single name, logo, and identity as Fiuu, signifying its ambitious plans to become a leading force in the future of digital…

Indonesian Proptech company Rukita secures $15M Series B1 funding

Rukita, an Indonesia-based proptech group, announced Thursday that it has secured $15 million in the Series B1 fund raise. In this round, the company welcomes exciting new investors and partners: MPower Partners, BNI Ventures, Openspace Ventures, and other international impact investors including renowned NBA star Jeremy Lin.

Singapore insurtech Sunday acquires Indonesian general insurer KSK Insurance

Sunday Ins Holding, a Singapore-based regional full-stackinsurtech group, has completed the acquisition of PT KSK Insurance Indonesia in January. The deal makes the firm as one of the largest insurtech groups fully licensed in the two largest general insurance markets in the region with revenue surpassing $100 million.

Telkomsel Ventures, AppWorks launch accelerator program to develop innovative solutions for Indonesian startups

Telkomsel, a digital ecosystem enabler through Telkomsel Ventures, has on Thursday announced a partnership to launch startup accelerator program TINC Batch #9 in collaboration with AppWorks, a Taiwan-based startup community. The program aims to develop innovative startups to provide digital solutions across various sectors in Indonesia.

Wise ramps up Singapore presence with expanded office and five new local leadership hires

Wise, the global financial technology company, has on Thursday announced the expansion of its Singapore office, key leadership hires, and product innovations, reinforcing its commitment to Singapore.

IFC provides $64M green loan to boost renewable energy in Thailand, Indonesia, and Vietnam

A new investment through a green loan facility will help develop more renewable energy projects in Thailand, Indonesia, and Vietnam, with International Finance Corporation (IFC)'s $64 million to Sermsang Palang Ngan Company Limited (SPN) aiming to address the region's growing energy demand.