News
Thailand sets new rules for E-commerce platforms to curb unfair trade
Thailand’s Trade Competition Commission (TCCT) has introduced new guidelines for e-commerce platforms, setting out standards on pricing and business conduct aimed at curbing unfair trade practices and preventing market dominance in the country’s fast-growing digital economy.
KWAP to commit $47M in Malaysia’s Lestari Cooling Energy
Malaysia’s national public sector pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) is expected to commit up to MYR 190 million ($47.38 million) of capital in Lestari Cooling Energy Sdn. Bhd.
Singapore’s Tazapay raises $36M Series B funding led by Circle Ventures
Tazapay, a Singapore-based payment infrastructure provider for emerging markets, announced the close of its Series B extension led by Circle Ventures, bringing total Series B funding to $36 million.
Foxconn invests $287M in Vietnam unit Fulian Precision Technology Component
Taiwan's Hon Hai Precision (Foxconn), a global electronic manufacturer known for making Apple, Sony, and Xiaomi products, has poured an additional $287.1 million in its Vietnam-based wholly-owned unit Fulian Precision Technology Component.
SC launches ICM Innovation Lab to advance Maqasid al-Shariah driven Islamic capital market innovation
The Securities Commission Malaysia (SC) announced Thursday the establishment of the ICM Innovation Lab (FIKRALab), a structured co-creation and applied research and development (R&D) platform to develop new Islamic capital market (ICM) products and instruments.
Australia’s Lynas, Korea’s LS Eco Energy to jointly product rare earth metals in Vietnam
South Korea's LS Eco Energy, under South Korea's giant LS Cable & System, in a cooperation with Australia's Lynas Rare Earth, will build a rare earth metal factory in Vietnam, the Australian firm announced Thursday.
Indonesia signals tighter scrutiny on Chinese e-commerce – Momentum Works
Indonesia is sending a clear message to foreign e-commerce platforms, particularly those linked to China, even as it stops short of an outright ban, according to market analysts Momentum Works.
DV8 to acquire Rakkar Digital, plans capital injection of $2.7M
Thailand-based media, advertising, and event management firm DV8 Public Company Limited has announced a strategic acquisition to acquire Rakkar Digital Company Limited to broaden its presence in Thailand’s digital asset services sector.
Iran conflict shifts battery upside to BESS and wider electrification – Fitch
China’s battery manufacturers’ technology and cost leadership should keep them as beneficiaries of the global energy transition following the Iran conflict and related supply shocks, said Fitch Ratings.
Grab’s foray Into Taiwan will be credit neutral – S&P
Grab Holdings Ltd.'s proposed acquisition of Delivery Hero SE's Foodpanda delivery business in Taiwan will have little impact on its credit profile, S&P Ratings said Wednesday.
