News
Ant Group-backed India’s Paytm gets government panel nod to invest in its payments arm – report
The government panel had earlier held back approval due to concerns about the 9.88 percent stake in Paytm held by China's Ant Group. India has intensified scrutiny of Chinese businesses since a 2020 border clash between the two countries, the report said.
Temasek’s net portfolio value rises on year to $288B this financial year
Singapore state-owned investor Temasek has reported a net portfolio value (NPV) of SGD 389 billion ($288 billion) for the financial year ended March 31, 2024, up SGD 7 billion ($5.18 billion) from a year ago.
Malaysian Central Bank to issue licenses to digital insurers that meet requirements
Malaysian Central Bank has on Wednesday issued the policy document on licensing and regulatory framework for digital insurers and Takaful operators (DITOs).
Hex Trust partners Monad Labs to offer custody support for the Monad Blockchain
The Hex Trust Group, a Hong Kong-based provider of digital asset solutions, has partnered Monad Labs, a global developer-forward smart contract platform, to offer custody support for the Monad Blockchain.
Australia‘s DigitalX to launch spot Bitcoin ETF on ASX
Australian blockchain financial company DigitalX Limited said Tuesday that it will launch spot Bitcoin exchange-traded fund on the Australian Securities Exchange (ASX).
Temasek-backed 65 Equity Partners invests $74.06M in Singapore’s advanced manufacturing service provider Hi-P
Temasek-backed global investment firm 65 Equity Partners has made an investment of SGD 100 million ($74.06 million) in Singapore-headquartered regional advanced manufacturing service provider Hi-P International Pte. Ltd. (Hi-P).
Second Xero Beautiful Business Fund launched to support Singapore’s small businesses
Xero, a New Zealand-based small business platform, has announced the return of the Xero Beautiful Business Fund for 2024 — an initiative offering more than SGD 630,000 ($466,720) in funding to support small businesses and non profits with their growth plans and help drive future success.
Vietnam’s Nami Distributed Energy receives $10M investment from Clime Capital
Clime Capital, the Singapore-based fund manager focused on accelerating the low carbon transition, has invested $10 million in Nami Distributed Energy (Nami), the Vietnam-based clean energy company driving innovative distributed energy solutions for commercial and industrial clients.
HSBC partners Visa to develop Zing international money app
Global payment firm Visa and banker HSBC have on Tuesday announced the technological collaboration in support of HSBC Group’s new international payments app, Zing.
DHL Express partners CIMB to reduce carbon dioxide equivalent through sustainable aviation fuel
Global logistics firm DHL Express has signed an agreement with Malaysian lender CIMB Group Holdings Berhad to welcome the banking group onboard its GoGreen Plus program. The partnership enables CIMB to leverage the use of sustainable aviation fuel (SAF) to mitigate the carbon dioxide equivalent (CO2e)emissions associated with its international shipments.
