News
VPBank and IFC collaborate to provide $150M funding to Vietnamese coffee enterprises
Vietnam Prosperity Joint-Stock Commercial Bank (VPBank) and the International Finance Corporation (IFC) have recently collaborated to provide $150 million supply chain financing for coffee-exporting companies in Vietnam.
Singapore-based blockchain exchange Net Zero-X launches to tackle financing gap for climate projects
Net Zero-X, a Singapore-based blockchain exchange for impact investors, launches on Tuesday to tackle the significant financing gap impeding the global transition to a net zero future.
Prenetics partners with David Beckham for new health brand
Prenetics, a United States-listed health sciences company, has announced that former international footballer, entrepreneur and philanthropist David Beckham has become a strategic investor in the business.
China’s HongShan sets up $2.5B startup fund – report
The report also said it is the largest fundraising by a privately-owned VC firm in China in the past year, marking the ongoing influence commanded by its founder Neil Shen, often considered the country’s most powerful tech investor.
Report: 84% of Singapore travel companies see fragile margins due to inefficient payment systems
66 percent of travel companies are seeing their profit margins impacted by outdated or complicated payment systems, with nine in ten expected to prioritize modernizing their financial operations this year, a report said Tuesday.
Report: generative AI is set to be adopted by 85% of the software workforce over the next two years
Generative artificial intelligence AI (Gen AI) is expected to play a key role in augmenting the software workforce, assisting in more than 25 percent of software design, development, and testing work in the next two years, Capgemini Research Institute said Thursday.
Report: Southeast Asia’s retailers bet big on social commerce despite economic climate
Southeast Asian retailers are placing big bets on social media as 68 percent plan to increase investment in social commerce over the next 12 months, Shopify Inc said Thursday.
Securities Commission Malaysia’s FIKRA ACE seeks FinTech startups to enhance Islamic capital market
The Securities Commission Malaysia (SC) is seeking FinTech startups to enhance Islamic capital market via the second cohort of its FIKRA ACE accelerator program, part of the FIKRA ACE initiative.
Malaysia’s Sime Darby Property and TNB’s GSPARX join forces to undertake rooftop solar projects
Malaysian property developer Sime Darby Property and utility firm Tenaga Nasional Berhad (TNB)’s solar solution provider subsidiary GSPARX have joined forces to undertake rooftop solar projects in Malaysia.
Filipino startup Packworks bags $60k government funding to develop AI-powered marketing tool for ‘sari-sari’ stores
Filipino startup Packworks has secured PHP3.5 million ($60,000) from Philippine government to launch $85,000 artificial intelligence (AI)-powered precision marketing tool for ‘sari-sari’ stores (neighborhood mom-and-pop stores).
