News
IFC invests $50M in gender-inclusive social bond issued by Thailand’s Muangthai Capital
To expand financial inclusion in Thailand for women microentrepreneurs, the International Finance Corporation (IFC) has on Monday announced a $50 million investment in a gender-inclusive social bond issued by Muangthai Capital Public Company Limited (MTC), one of the leading listed non-banking financial institutions (NBFIs) in the country.
Singapore’s Mandala Capital exits Indian laboratory testing firm EFRAC
Singapore-based private equity firm Mandala Capital has kicked off this year with a full exit from its investment in Edward Food Research and Analysis Centre (EFRAC), an Indian laboratory testing firm.
LG AI Research taps Google Cloud to develop EXAONE 3.0 and ChatEXAONE AI agent
South Korea-based LG AI Research has on Wednesday announced an expanded collaboration with Google Cloud to help develop LG’s latest family of EXAONE 3.0 generative AI models, and its enterprise multimodal artificial intelligence (AI) agent, ChatEXAONE, trained and developed on Google Cloud's AI-optimized infrastructure.
Zurich Malaysia collaborates with GXBank to launch cyber protect digital insurance product
Zurich General Insurance Malaysia Berhad and GXBank Berhad have announced the launch of Cyber Fraud Protect offered within the GXBank application and powered by Zurich Edge platform.
DeCurret DCP partners Internet Initiative Japan for digital assetization of environmental value, launch of digital currency settlement transactions
Japanese digital currencies platform DeCurret DCP Inc. has partnered internet service provide Internet Initiative Japan Inc. (IIJ) for digital assetization of environmental value and launch of digital currency DCJPY settlement transactions.
EY: SEA’s InsurTech deal value jumps more than four times to $2.35B in 2023
Despite macroeconomic and geopolitical uncertainty, a hawkish inflationary environment and elevated interest rates, SEA’s InsurTech sector saw a surge in deal value in 2023 – a development not seen since 2020, Ernst & Young Global (EY) said in its recent report.
S&P: Asia Pacific decarbonization path beyond 2030 is highly uncertain
S&P Global Ratings believes the decarbonization path for Asia Pacific firms beyond 2030 is highly uncertain, and will be shaped by emerging regulations and new technologies.
Temasek’s SeaTown closes second private credit fund at over $1.3B
SeaTown Holdings International, a wholly-owned subsidiary of Temasek’s asset management group Seviora Holdings, has on Tuesday announced the final close of the SeaTown Private Credit Fund II (PCF II) with over $1.3 billion in capital commitments.
Foxconn Industrial Internet, Vizzio Technologies, Ingrasys team up for AI server WEF Lighthouse Factory
Vizzio Technologies, a Singapore-based technology company, Foxconn Industrial Internet (FII), a subsidiary of the global technology leader Foxconn, and INGRASYS, an artificial intelligence (AI)-focused subsidiary of Foxconn, have teamed up for smart manufacturing.
Singtel, Hitachi expand collaboration to next-generation data centers and GPU cloud
Singaporean telecommunications conglomerate Singtel and Japanese multinational conglomerate Hitachi, Ltd. have expanded collaboration to next-generation data centers and graphics processing unit (GPU) cloud to accelerate enterprise digital transformation by artificial intelligence (AI) adoption.
