News

Coastal Sustainability Alliance invests $7.33M to advance maritime biofuel ecosystem in Singapore

The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), has on Tuesday announced its plans to advance the maritime biofuel ecosystem in Singapore with up to SGD 10 million ($7.33 million) in investments.

Lenovo partners NVIDIA to unveil hybrid AI solutions

Chinese multinational technology Lenovo has announced new hybrid artificial intelligence (AI) solutions via collaboration with American technology firm NVIDIA.

Tencent-backed Primer on track to hit 200 percent year-on-year revenue growth

Tencent-backed Primer, the unified infrastructure for global payments and commerce, has on Tuesday announced it's on track for 200 percent year-on-year revenue growth, as demand for unified payments continues to grow worldwide.

India’s Medulance secures $3M in Series A funding led by Alkemi Growth Capital

Medulance, a player in India's emergency healthcare services sector, has secured $3 million in Series A funding, led by Alkemi Growth Capital. Medulance said in a statement on Tuesday the funding round also saw participation from investors such as Dexter Capital, Aman Gupta, and Namita Thapar.

Tracxn : SEA FinTech startups see 13 percent decline in funding in first quarter amid slowdown in economic activity

The Southeast Asia (SEA) finTech sector secured funding worth $530 million in the first quarter of 2024, a 13 percent lower than the $607 million raised in the corresponding quarter last year, Tracxn said in a a report on Tuesday.

Malaysia’s Sunway inks TVET agreement with Ministry of Youth and Sports

Malaysia-based conglomerate Sunway and the National Youth Advance Skills Training Institute (IKTBN) in Dusun Tua, a public vocational school under the Ministry of Youth and Sports of Malaysia, have inked deal to foster closer cooperation focusing on Technical and Vocational Education and Training (TVET) in the fields of electrical and mechanical, and…

Analysts see renewable energy export a new growth driver for Malaysia

Analysts view the Malaysian government's move to set up an energy exchange platform to facilitate cross-border trading of renewable energy positively as it will boost the country's renewable energy industry.

Softbank-backed Carro seeks valuation above $2B as it prepares for IPO- report

Carro is raising capital during one of the hardest possible times for fledgling firms. The Southeast Asia technology industry has been plagued by job cuts, CEO resignations and falling startup valuations, making it difficult for companies to debut on public markets.

Malaysia sets up energy exchange for cross-border green electricity sales

In line with Malaysia’s energy transition aspiration and commitment to support regional power integration via the ASEAN Power Grid Initiative, the government of Malaysia has agreed to establish Energy Exchange Malaysia (ENEGEM) for cross-border green electricity sales to neighboring countries.

Study: SEA’s 13 decarbonization investment ideas present $150B green economy market opportunities

Bain & Company, GenZero, Standard Chartered and Temasek have in their recent report highlighted top 13 decarbonization investment ideas in Southeast East Asia which present $150 billion green economy market opportunities.