News

AirAsia MOVE partners HTS to integrate Fintech ancillaries

Hopper Technology Solutions (HTS) and AirAsia MOVE (formerly airasia Superapp) have announced partnership to integrate fintech ancillaries from HTS into AirAsia MOVE’s digital channels.

Singapore’s Silence Laboratories raises $4.1M in funding led by Pi Ventures and others

Singapore-based privacy tech company Silence Laboratories has on Thursday announced a $4.1 million pre-series A round. The funding round is led by Pi Ventures and Kira Studio, along with several prominent angel investors.

Singapore’s Nium secures payment license in Japan

Nium, a real-time cross-border payments firm based in the United States and Singapore, announced Wednesday that it has become the first non-Japanese company to have secured a Type 1 Funds Transfer Service Provider (FTSP) license from the Japanese Financial Services Agency (JFSA).

Thai bank SCBX acquires Home Credit Vietnam for $864M

Home Credit Vietnam Finance Company Limited (Home Credit Vietnam), the consumer finance business of Home Credit N.V. (Home Credit Group), for approximately VND 20,973 billion ($864 million).

JC3 works on specific action plans to support economy transition in Malaysia

The Joint Committee on Climate Change (JC3), the platform established in 2019 to pursue collaborative actions for building climate resilience within the Malaysian financial sector, will continue to work with the government, the financial industry and its partners on specific action plans to support a just and orderly transition of the economy.

China’s GDS inks renewable energy agreement with Malaysia’s Cenergi

GDS, a China-based developer and operator of high-performance data centers, has reinforced its commitment to sustainability by establishing a 21-year renewable energy virtual power purchase agreement (VPPA) with Malaysia’s solar power producer and diversified renewable energy developer, Cenergi SEA Berhad (Cenergi).

Vietnam’s VinFast signs dealer sales agreement with first dealer in Middle East

Vietnamese carmaker VinFast Auto has officially signed a dealer sales agreement with Bahwan Automobiles Trading LLC (BAT) for the distribution of electric vehicles in the Oman market. This event signifies not only VinFast's initial operation in the Middle East region but also a significant step in the VinFast’s global expansion.

Geely-backed EV firm Polestar secures $950M external funding

Geely-backed Polestar Automotive Holding UK PLC, the Swedish electric performance car brand, has on Wednesday announced that it has secured $950 million in external funding. The financing is being provided by 12 leading international banks including BNP Paribas, Natixis, Standard Chartered, BBVA, HSBC and SPDB, in the form of a three-year loan facility.

QIA to invest $1 billion to support local and regional entrepreneurs

Qatar Investment Authority (QIA) is set to launch Qatar's first venture capital (VC) fund of funds, a strategic investment program to foster innovation in Qatar. The fund of funds program will invest more than $1 billion in international and regional venture capital funds.

Capital A to list brand management platform in United States

Malaysia-based Capital A (formerly known as AirAsia Group Berhad) said Wednesday that Capital A International (CAPI), owner of the iconic AirAsia brand, will be publicly listed in the United States through business combination with Aetherium Acquisition Corp.