News

The Asian Development Bank (ADB), Global Energy Alliance for People and Planet (GEAPP) and the Monetary Authority of Singapore (MAS) have on Tuesday announced their intent to establish a $2 billion blended finance partnership to accelerate energy transition at scale in Asia.

Tik Tok is said to have agreed broadly to work with GoTo’s Tokopedia across several areas rather than compete directly with the Indonesian platform.

Japanese telecommunications and information technology (IT) firm SoftBank Corp. has inked deal to acquire 51 percent stake in Dublin-based car software firm Cubic Telekom Ltd. for approximately EUR 473 million ($512 million).

360 ONE Asset Management Limited (formerly known as IIFL Asset Management Limited) (360 ONE AMC) has committed to invest $16 million in CoreEL Technologies (India) Private Limited (CoreEL), an India-based technology development, systems engineering and products manufacturing company focusing on aerospace and defence segment.

Queensland government-owned investment firm Queensland Investment Corporation (QIC) has expanded its international presence with a new Singapore office established to support a greater focus on Asian-based institutional investors.

Bursa Carbon Exchange (BCX), a wholly-owned subsidiary of Bursa Malaysia Berhad, has on Monday signed a Memorandum of Collaboration (MOC) with Sarawak Energy Berhad, Hydropower Sustainability Alliance and the I-REC Standard Foundation (I-REC) for future offering of renewable energy certificates.

OCBC Bank (Malaysia) Berhad (OCBC Bank) is collaborating with Malaysian fintech firm MOBY Group (MOBY) to enable small and micro merchants with pop up stores or kiosks to widen their payment collections beyond QR pay and cash.

Circulate Capital, a Singapore-based environmental impact investor advancing the circular economy for plastics in high-growth markets, announced Tuesday the final close of the Circulate Capital Ocean Fund I-B (CCOF I-B), bringing the fund’s total asset under management (AUM) to $73 million and the firm’s total AUM to $255 million.

Bursa Carbon Exchange (BCX), a wholly-owned subsidiary of Bursa Malaysia Berhad, and Gold Standard, a leading impact standards, have on Monday signed a memorandum of understanding (MOU) with the aim to further develop and grow the voluntary carbon market landscape in Malaysia.

Wavemaker Impact (WMI), a Southeast Asia’s climate tech venture builder, has announced the final close of its debut fund dedicated to driving large-scale decarbonization efforts in the region. The first fund hit its $60 million hard cap, surpassing its initial $25 million target by 2.5 times.