News
Japan’s Sansan Global Development Center expands to larger Cebu premises as its hires 100 software developers
Sansan, Inc., a Japanese provider of cloud-based solutions that promote digital transformation (DX), has on Friday announced its expansion into larger premises for its Sansan Global Development Center, Inc. in Cebu. It comes as the company nears its 50 software developer milestone, since announcing plans to hire up to 100 earlier this year.
ADB approves $659M in financing to support Pakistan’s sustainable development
The Asian Development Bank (ADB) has approved three projects totaling $658.8 million to help Pakistan achieve its goal of more inclusive and sustainable growth and development. The projects will focus on improving domestic resource mobilization; rehabilitating schools damaged by the devastating August 2022 floods; and enhancing agricultural productivity to…
Mandiri Capital Indonesia partners BTN to launch prop-tech focused fund through BTN Fund
Indonesian commercial bank PT Bank Tabungan Negara (Persero) Tbk (Bank BTN) and PT Mandiri Capital Indonesia (MCI), the corporate venture capital arm of Bank Mandiri, have signed a term sheet to establish the BTN Fund, targeting investments in digital technology with a focus on housing.
Philippine insurer InLife sells 40 percent stake in Oona Philippines to Oona Insurance
Philippine insurers Insular Life (InLife) and Oona Insurance group (Oona) have on Thursday jointly announced that they are entering into an agreement, with InLife selling its 40 percent stake in their non-life insurance joint venture, Oona Insular Insurance Corporation (Oona Philippines), making it Oona’s fully owned subsidiary.
Japan’s Gacha Monsters raises $3M seed funding from Animoca Brands to develop immersive intellectual properties
Gacha Monsters, a Japan-based entertainment and gaming company developing titles for a new generation of gamers, has on Friday announced the completion of a $3 million seed investment round from Animoca Brands, Infinity Ventures Crypto, FBG, and Big Time Games.
Gentari plans to team up with Mercedes-Benz Malaysia to drive EV ecosystem growth
Gentari Sdn Bhd, a Malaysia-based clean energy solutions provider, intends to partner with Mercedes-Benz Malaysia (MBM) through its subsidiary, Gentari Green Mobility Sdn Bhd, to accelerate the adoption of electric vehicles (EVs) in the country.
Animoca Brands raises additional $11.88M in second tranche of funding for Mocaverse
Animoca Brands Corporation Limited, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, has on Friday announced a second tranche of funding of $11.89 million for its non-fungible token (NFT) collection Mocaverse, following a first tranche investment of $20 million announced previously.
Indonesia readies ethics guidance for AI developers – report
Indonesia has drafted ethics guidance for developers using artificial intelligence (AI) to prevent potential misuse of the new technology.
Insurers, insurance asset managers expect a wave of M&A activity to hit Singapore and Hong Kong in 2024, says Clearwater Analytics
Insurers and insurance asset managers are expecting a wave of merger and acquisition (M&A) activity to hit Singapore and Hong Kong in 2024, as the region echoes the wider global industry trend towards consolidation, Clearwater Analytics said Tuesday.
Singapore’s Doctor Anywhere attracts $40.8M in fresh funding to scale healthcare innovation
Doctor Anywhere, a tech-led healthcare company headquartered in Singapore, has on Thursday announced a $40.8 million Series C1 extension round with participating investors including Square Peg and Novo Holdings. The influx of funds will be directed to strategically drive next-generation healthcare innovation within the company, and to deepen its presence…
