News

Intel receives multibillion-dollar Apollo offer as Qualcomm circles – report

The investment could provide the chipmaker with a vote of confidence in its turnaround strategy and an alternative to a potential takeover by larger rival Qualcomm Inc, the report said.

Forest City to be the first location in Malaysia to offer a 0% tax rate for family offices

Forest City, the $100 billion project located in Southern region of Malaysia which is backed by Chinese developer Country Garden Holdings, will be the first location in Malaysia to offer a 0 percent tax rate for Family Offices, Malaysia's Finance Minister II Amir Hamzah Azizan said on last Friday.

AirAsia partners Airbus to accelerate aviation sustainability

Malaysia-based Capital A's low-cost airline AirAsia has announced a long-term partnership with European aircraft manufacturer Airbus to advance research into aviation sustainability initiatives that lower carbon emissions in the ASEAN region.

Singapore skyline SGX SPAC

EnterpriseSG partners Google Cloud to help startups and SMEs in Singapore accelerate AI adoption and innovation

Enterprise Singapore (EnterpriseSG) and Google Cloud have announced joint initiatives aimed at accelerating artificial intelligence (AI) adoption and innovation for organizations in Singapore.

MDEC launches investor matching program

The Investor Matching Program is supported by prominent funds managing billions in assets, including Vertex Ventures, Granite Asia, 500 SEA, Eurazeo, Nordstar, Gobi Partners and many others.

Climate finance by multilateral development banks hits record in 2023

Multilateral development banks (MDBs) announced on last Friday that their global climate finance reached a record high of $125 billion in 2023.

INA partners AllianzGI to deploy up to $200M annually into hybrid capital solutions opportunities in Indonesia

Indonesia Investment Authority (INA) and Allianz Global Investors (AllianzGI) will aim to deploy up to $200 million annually into hybrid capital solutions opportunities, which serve as customized credit solutions for Indonesian businesses.

Vietnam’s VinFast’s Q2 gross loss widens on impairment charge

During the quarter, VinFast delivered 13,172 vehicles, a 44 percent increase compared to the previous quarter and a 43 percent increase year-over-year.

Indonesia’s GoTo Group partners Tencent for cloud infrastructure & digital services

As part of the five year partnership, GoTo will leverage Tencent Cloud’s technology and Platform as a Service (PaaS) services to support its comprehensive ecosystem.

Ant-backed TNG Digital eyes Malaysian IPO in next 2-3 years – report

TNG Digital could potentially fetch the valuation of a unicorn (with a valuation of $1 bilion or more) before the potential IPO, the sources added.