News
MAS and ABS to establish new payments entity to position national payment schemes for next stage of growth
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) have on Wednesday jointly announced that a new entity will be set up to consolidate the administration and governance of Singapore’s national payment schemes to position these schemes for the next stage of growth.
Klook secures $100M in funding led by Vitruvian Partners
Klook, a Hong Kong-based platform for experiences and travel services, has on Tuesday announced $100 million in funding led by the global growth investment firm Vitruvian Partners.
Gobi Partners backs ArmourZero to boost cybersecurity for SMEs across Southeast Asia
Gobi Partners, an Asian venture capital firm, has announced a strategic investment in ArmourZero Holdings Pte Ltd, a cloud-based cybersecurity platform offering AI-powered application security and security-as-a-service (SECaaS).
AirTrunk plans to develop its second cloud and AI-ready data center in Malaysia
Asia Pacific and Japan (APJ) hyperscale data center specialist AirTrunk has announced plans to develop its second cloud and artificial intelligence (AI)-ready data center in Malaysia, named AirTrunk JHB2 (JHB2) located in Iskandar Puteri, Johor region.
Maybank : concern raised as Temu may turn aggressive in ASEAN amid US challenges
Maybank Investment Bank said Wednesday that the elimination of de minimis exemption by the United States has raised concerns among investors that Chinese e-commerce firm Temu may become aggressive in ASEAN.
Animoca Brands leads Hivello funding round ahead of token listing
Hivello, a DePIN aggregator that enables users to earn by monetizing idle computer resources across multiple decentralized networks, has announced that Animoca Brands, the Hong-based company driving digital property rights to help build the open metaverse, is leading its current funding round.
Atome Financial grows credit facility to $80M with BlackRock Private Credit, InnoVen Capital funding
Atome Financial, a Singapore-based digital financial technology platform and part of Advance Intelligence Group, has secured funding from BlackRock Private Credit, InnoVen Capital, growing its credit facility to $80 million.
StraitsX partners with RedotPay and Visa to advance digital asset payments
StraitsX, a Singapore-based digital asset infrastructure provider, has partnered with Hong Kong-based cryptocurrency payment firm RedotPay and global payment firm Visa to advance digital asset payments.
Maharlika, CP Group to launch $1B private equity fund for agri-food, digital, and green energy in the Philippines
The Philippines’ sovereign wealth fund Maharlika Investment Corporation (MIC) and Thai conglomerate Charoen Pokphand Group Co., Ltd. (CP Group) are launching $1 billion private equity fund for agri-food, digital, and green energy in the Philippines.
Life Science Incubator unveils Singapore’s largest co-working laboratory at Elementum
Life Science Incubator (LSI) has officially launched the largest co-working laboratory in Singapore at Elementum, located in JTC’s one-north business park.
