News

Automobili Lamborghini, Animoca Brands, and Motorverse team up to launch Fast ForWorld

Automobili Lamborghini, Animoca Brands, and Motorverse have teamed up to launch Fast ForWorld, an upcoming immersive platform that will revolutionize brand engagement through loyalty and gaming interoperability.

IFC invests $7M into Philippine technology firm First Circle

The International Finance Corporation (IFC) has invested $7 million into First Circle, a technology company providing smart banking solutions to small and medium-sized enterprises (SMEs) in the Philippines.

Singapore’s eSIM solutions firm Truely raises $3.5M financing led by 1982 Ventures

With this round of financing, Truely plans to release B2B2C services designed for major travel operators, Airlines, Airports, OTA’s and service providers, as well as release additional products and services.

OneDegree achieves first operating profit in third quarter

OneDegree Group, a cyber security and insurance group, announced Wednesday that it has reached its first operating profit in the third quarter of 2024, marking a significant milestone for both the group and its insurance arm.

IFC, HSBC Asset Management expand partnership to support sustainability in emerging markets

The International Finance Corporation (IFC), a member of the World Bank Group, and HSBC Asset Management (HSBC AM) have on Wednesday announced an agreement to establish a specialized fund vehicle targeting corporate bond issuers in emerging markets (EM), aiming to increase access to finance and support sustainable growth.

RHB sees Malaysia to become the largest data center hub in ASEAN

Malaysia is poised to become the largest data center hub in the region with about 4GW of inventories projected to come on stream over the next four to five years, RHB Research said Wednesday.

Equinix, GIC & CPP Investments to form $15B JV to expand hyperscale data centers in US

Under the terms of the agreement, CPP Investments and GIC will each control a 37.5 percent equity interest in the joint venture, and Equinix will own a 25 percent equity interest. Each party has made equity commitments, and the joint venture also expects to take on debt to raise the total pool of investable capital to more than $15 billion over time.

Viettel Vietnam extends Ericsson partnership through major 5G network award

Vietnamese telecommunications, industrial and technology enterprise Viettel has strengthened its long-term partnership with Ericsson through the award of the majority of its nationwide 5G Radio Access Network (RAN) deployment.

KLDX partners AsiaNext to drive cross border innovation and growth in digital asset markets

KLDX, a regulated digital assets platform in Malaysia for private markets and AsiaNext, a Singapore-based digital asset exchange for institutional investors, have on Monday announced a strategic memorandum of understanding (MOU) to collaborate on cross-border digital asset listings, liquidity sharing, and joint product development.

Oracle to invest $6.5B in AI and cloud computing in Malaysia

American multinational computer technology company Oracle has on Wednesday announced plans to invest more than $6.5 billion to open a public cloud region in Malaysia to meet the rapidly growing demand for artificial intelligence (AI) and cloud services in the country.