News
Analyst foresees strong growth ahead for Grab
Maybank Investment Bank has expected a strong third quarter for Southeast Asia's superapp Grab, with more than 20 percent gross merchandise value (GMV) growth and higher margins, potentially prompting upward guidance revisions by management.
Malakoff appoints Solarvest as EPCC contractor for Malaysia’s largest LSS Petra 5+ solar project
Malaysia-based Malakoff Corporation Berhad has appointed Solarvest Holdings Berhad, a clean energy firm, as the engineering, procurement, construction and commissioning (EPCC) contractor for the country’s largest LSS Petra 5+ solar project.
Trust Bank to add US stocks and ETFs trading to TrustInvest, opens waitlist
Singapore digital bank Trust Bank will roll out a trading feature for US-listed stocks and exchange-traded funds (ETFs) inside its Trust app, expanding its TrustInvest suite beyond managed funds.
Tim Draper leads $3.2M seed in Ryder to simplify crypto self-custody
Ryder said the fresh capital will be used to ramp up production, expand marketing and engineering, and accelerate development of Ryder One, which the company pitches as a hardware wallet that can be set up in “60 seconds or less.” The company is planning a broader marketing push to build brand awareness as it brings the device to more users.
MIDA, Maybank join forces to boost high growth sectors in Malaysia
The Malaysian Investment Development Authority (MIDA), Malaysia's principal investment promotion agency, and Malayan Banking Berhad (Maybank), Malaysia’s largest bank, have formalized a strategic partnership through a Memorandum of Understanding (MOU) to jointly promote Malaysia as a premier global investment destination for high growth sectors.
Mestron, Trinasolar forge strategic partnership to accelerate Malaysia’s energy transition
Mestron Energy Sdn Bhd, the renewable energy arm of Mestron Holdings Berhad, has signed a memorandum of understanding (MoU) with Trina Solar Co., Ltd (Trinasolar), a Chinese smart photovoltaic (PV) and energy storage solutions firm, to jointly advance Malaysia’s renewable energy capacity and accelerate the country’s clean energy transition.
MAS launches BLOOM initiative to enable tokenized, stablecoin settlements
The Monetary Authority of Singapore (MAS) announced Thursday a new initiative – BLOOM (Borderless, Liquid, Open, Online, Multi-currency), to extend settlement capabilities offered by financial institutions.
Alipay+ sees 45 percent year-on-year increase in mobile wallet transactions in Malaysia
Alipay+ said Thursday that Malaysia recorded the highest transaction growth in Southeast Asia with a 45 percent year-on-year increase, reflecting the country's status as the number one destination in the region and top five most popular global destinations for Alipay+ users; and the top growth market amongst Chinese travelers.
Six ASEAN payment networks sign MOU to standardize cross-border payments
Six national payment networks from five ASEAN countries have signed a memorandum of understanding (MoU) to establish a common global standards body for non-card instant retail payments.
Salesforce announces expanded partnerships with OpenAI
Salesforce and OpenAI announced Thursday an expanded strategic partnership, establishing a new generation of employee and consumer experiences powered by Salesforce's Agentforce 360 and OpenAI frontier models.
