News
SGInnovate backs Vycarb’s $5M funding round to scale low-cost carbon capture and storage technology
Vycarb, a climate tech company pioneering a new category of permanent, measurable carbon dioxide capture and storage (CCS) using natural waters, announced Monday the closing of a $5M seed funding round.
OpenAI launches ChatGPT Go in Malaysia
American artificial intelligence (AI) firm OpenAI has on Thursday announced the launch of ChatGPT Go, a new subscription plan designed to give people in Malaysia greater access to ChatGPT’s advanced capabilities at a more affordable price.
Startfresh invests in Trozo to bolster brand-customer relationship tooling
Trozo plans to onboard more than 100 brands in the coming months and aims to expand its user base across India and the Middle East.
Softbank acquires ABB’s robotics business for $5.38B
Japan-based SoftBank Group Corp. announced Wednesday that it has entered into a definitive agreement with ABB Ltd, a global technology electrification and automation firm, to acquire ABB’s robotics business for a total purchase price of $5.38 billion.
Singapore’s Digital Edge secures $325M financing to continue expansion in Indonesia
Digital Edge (Singapore) Holdings Pte. Ltd., the Singapore-based data center platforms backed by global infrastructure investor Stonepeak, has announced the successful close of an IDR 5.5 trillion ($325 million) corporate facility from PT Bank Central Asia Tbk (BCA) for expansion in Indonesia.
Senheng and Progressture Solar launch solar and battery energy storage systems in East Malaysia
Senheng Electric (KL) Sdn. Bhd. (Senheng), a Malaysia-based consumer electronics retailer, has partnered with clean energy provider Progressture Power Sdn Bhd (Progressture Solar) to expand its solar energy offering into East Malaysia.
Malaysian central bank enables round-the-clock interbank settlement with RENTAS+
Bank Negara Malaysia (BNM) has on Tuesday launched RENTAS+, an enhancement to RENTAS, Malaysia’s real-time gross settlement system (RTGS).
Capital A partners Ant International to optimize treasury operations, enhance customer experience
Malaysia-based Capital A has partnered with Singapore-based Ant International to optimize treasury operations and enhance customer experience for its airline business, AirAsia.
Temasek-backed Fullerton launches first retail fund under EQDP
Temasek-backed Fullerton Fund Management has launched the first retail fund under the Equity Market Development Program (EQDP), after it was appointed by the Monetary Authority of Singapore as the first batch of asset managers under the EQDP announced in July this year.
UAE’s Fasset secures provisional banking license for stablecoin-powered Islamic bank in Malaysia
Fasset, a United Arab Emirates (UAE) financial superapp, has secured approval from Malaysia to provide banking services.
