News

Indonesia-based insurtech firm PasarPolis said Tuesday that it is now poised for profitable growth and is preparing for its next major step: expansion into Singapore.

Mushroom Material, a New Zealand-based start-up replacing styrofoam pelletized fungi packaging, has secured over $5 million in seed funding. Wavemaker Partners, one of Southeast Asia’s leading VC firms, and Singapore’s SEEDS Capital have led the investment along with Icehouse Ventures, K1W1, and Black Kite Capital.

Global real estate consulting firm JLL has predicted global edge information technology information technology (IT) infrastructure and data centers will become a $317 billion market globally by 2026, representing a 107 percent growth from the 2020 market valued at $153 billion.

Antler, a Singapore-based early-stage venture capital firm, has on Tuesday announced the $72 million close of its second Southeast Asia fund, Antler SEA Fund II. The new Fund will continue investing in early-stage tech-enabled companies in Southeast Asia with pre-launch, pre-seed, and seed capital.

In encouraging Malaysia’s oil and gas services and equipment (OGSE) suppliers to embrace sustainability principles, Malaysia's state-owned Petroliam Nasional Berhad (Petronas) has on Tuesday launched the Petronas Supplier Support Program (PSSP) in collaboration with the Joint Committee for Climate Change (JC3) Greening Value Chain Program, Bursa Malaysia…

Maxis, a Malaysia-based telecommunication firm, and Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia), a subsidiary of Chinese multinational digital communications technology conglomerate Huawei, have on Tuesday announced a strategic collaboration on a Joint Innovation Center in Malaysia.

HealthCRED, an India-based business to business (B2B) healthcare financing startup, announced Monday that it has raised $1.2 million in a seed funding round.

Indosat Ooredoo Hutchison (Indosat) Group and Google Cloud have on Monday announced an expanded partnership to deliver next-generation sovereign cloud and edge cloud services in Indonesia that meet the country’s most stringent data residency, security, and privacy requirements.

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has harnessed the power of its cloud technologies to drive multiple initiatives throughout the Olympic Games Paris 2024 (Paris 2024).

Philippine Central Bank Bangko Sentral ng Pilipinas (BSP) has approved the lifting of the moratorium on the grant of new digital banking licenses starting January 1, 2025 and allowed a maximum of ten digital banks to operate in the country.