News

Rystad Energy sees EV market is on track for a watershed year in 2024

The electric vehicle (EV) market is on track for a watershed year in 2024 as emissions reduction targets clash with falling consumer spending amid enduring economic uncertainty, Rystad Energy said Wednesday. Rystad Energy research forecasts 17.5 million EV sales this year, an 18.5 percent annual increase.

Netherlands-based Orient Growth Ventures completes final closing of second fund at $90M for Southeast Asia and India

Netherlands-based Orient Growth Ventures said Thursday it has completed final closing of second fund at $90 million for Southeast Asia and India.

Crypto industry veterans Nischal Shetty and Avinash Shekhar launch India’s crypto-INR perpetual futures exchange

Crypto industry veterans Nischal Shetty and Avinash Shekhar have on Wednesday announced the launch of their new venture, Pi42, India's first Crypto-INR Perpetual Futures Exchange. Pi42 aims to grow as the largest compliant crypto futures platform in the world.

SentinelOne completes acquisition of Indian cloud security startup PingSafe

SentinelOne, a global leader in artificial intelligence (AI)-powered security, has on Monday announced that it has completed its acquisition of Singapore-based cloud-native application protection platform (CNAPP) PingSafe, ushering in a new era of cloud security which it is in pole position to lead.

Securities Commission Malaysia introduces the FSA approach to gatekeeping

The Securities Commission Malaysia (SC) has on Tuesday introduced the Focused Scope Assessment (FSA) for new eligible Capital Market Intermediaries (CMIs) and Recognized Market Operators (RMOs). The FSA, which takes effect immediately via amendments to the guidelines on recognized markets, is part of the regulator’s new gatekeeping approach in light of the…

Solarvest partners CENTEXS, Huawei to unveil new wind turbine testbed and green energy gallery

Solarvest Borneo Sdn Bhd, a subsidiary of Malaysia-based clean energy expert Solarvest Holdings Berhad, has unveiled a new green energy testbed with the Centre for Technology Excellence Sarawak (CENTEXS) and Huawei Technologies (Malaysia) Sdn Bhd at CENTEXS’ Headquarters in Santubong, Kuching, Sarawak.

East Ventures and Kadin Indonesia launch free web-based greenhouse gasses calculator

East Ventures and The Indonesian Chamber of Commerce and Industry (Kadin Indonesia) have on Tuesday launched ECOVISEA, which stands for Emission Calculator & Visualization Southeast Asia.

KPMG : global investment in fintech sinks to a five-year low of $113.7 billion across 4,547 deals in 2023

Global investment in fintech sank to a five-year low of $113.7 billion across 4,547 deals in 2023 as investors pulled back from making large deals amid concerns about stubbornly high interest rates, conflicts in Ukraine and the Middle East, falling fintech valuations, and the parched exit environment, KPMG said Tuesday.

India’s Khyaal raises $4.2M in funding co-led by co-led by 62Ventures, SVQuad, Inventus Capital

Khyaal, an Indian app for senior citizens, has raised $4.2 million in a seed funding round. The round was co-led by 62Ventures, SVQuad, and Inventus Capital. Glen Tullman, Kanwal Rekhi, Raju Reddy, and Raj-Ann Gill, were also among the distinguished entrepreneurs and investors who participated in this round.

KPMG : Singapore’s AI funding soars 77 pct to $481.21M in 2023 across 24 deals

Singapore's fintech sector has witnessed an extraordinary surge in funding for artificial intelligence (AI) technologies, despite a global downturn in fintech investments, KPMG said Tuesday. The AI fintech funding in Singapore skyrocketed to an impressive $333.13 million in the second half of 2023, marking a significant 77 percent increase from the $148.08…