News

Indonesian e-commerce company Bukalapak announced Wednesday that its revenue for the second quarter grew by 12 percent quarter-on-quarter to Rp 1.6 trillion ($97.6 million), driven primarily by strong performance in the gaming and investment segments.

Gobi Partners, a leading Asia-focused venture capital firm, has announced a strategic investment in NanoSkunkWorkX (nSWX), a Malaysian deep tech startup developing manufacturable graphene systems engineered for breakthrough performance in real-world conditions with applications across green hydrogen production, semiconductors, and diagnostics.

Standard Chartered and Alibaba Group Holding Limited have entered into a strategic partnership, utilizing Alibaba Cloud’s AI technologies to accelerate the pace at which the financial services sector embraces artificial intelligence (AI).

As online gambling continues to grow in the Philippines and remains at the center of national conversations, a recent study suggests that better regulations — not an outright ban— are needed to create a safer playing environment and prevent the proliferation of unregulated gambling platforms.

Bay Group Holdings Sdn Bhd (CapBay), a homegrown Malaysian supply chain financing provider and peer-to-peer (P2P) financing company, has teamed up with Olea Global Pte. Ltd. (Olea), a Singapore-based technology-driven trade and supply chain finance solutions provider, to offer cross border financing for Malaysian exporters.

The Association of Banks in Singapore (ABS) announced Monday the launch of two new payments solutions - electronic deferred payment (EDP) and EDP+ - to support the transition to e-payments for cheque users.

In a significant step toward building a secure, transparent, and scalable national digital ecosystem, Vietnam has officially announced the deployment of NDAChain, its national blockchain platform.

Airwallex, a global fintech platform, announced Monday that its Singapore entity, Airwallex Capital (Singapore) Pte Ltd, has been granted a Capital Markets Services (CMS) license by the Monetary Authority of Singapore (MAS) to launch yield products in the country.

VinFast, the Vietnamese Nasdaq-listed electric vehicle (EV) manufacturer, has officially signed agreements with 20 new dealership partners which will bring VinFast closer to its goal of operating 100 dealership showrooms this year.

Dutch Good Growth Fund – Financing local SMEs (DGGF) will commit a funding of $170,000 to support Foxmont Philippine Ventures Fund III, with $150,000 allocated to their Business Development Services (BDS) facility and $20,000 dedicated to Technical Assistance (TA).