News
Malaysia’s Sidec launches accelerator program to boost SMEs and startups ecosystem
The Malaysia-based Selangor Information Technology and Digital Economy Corporation (Sidec) has announced the launching of the Twin Accelerator Program which comprises the seventh cohort Selangor Accelerator Program (SAP24) and the second cohort of Selangor E-Commerce Xccelerator (ECX24).
Sinar Mas, LG CNS form joint venture to provide digital solutions in Indonesia
Sinar Mas, a conglomerate that oversees various business sectors in Indonesia, and LG CNS, a leader in digital transformation from South Korea, have launched their business collaboration, LG Sinar Mas, a joint venture that provides cutting-edge information technology (IT) solutions and services across Indonesia.
Huawei initiates Technology-enabled Open Schools for All Phase II project in Brazil, Egypt, and Thailand
China-based information and communications technology (ICT) firm Huawei has on Wednesday announced the implementation stage of the Technology-enabled Open Schools for All Phase II project in Brazil, Egypt, and Thailand.
GoTo collaborates with Microsoft to boost engineering productivity with GitHub Copilot
GoTo Group, Indonesia’s leading digital ecosystem, has taken a significant step forward in enhancing productivity across its engineering teams by collaborating with Microsoft Indonesia to adopt GitHub Copilot, an artificial intelligence (AI) developer tool.
Indonesia’s Happy5 acquires Singapore’s SugarOKR to accelerate global expansion
In a strategic move to bolster its global presence, Indonesia-based enterprise performance management software startup Happy5 has announced it is acquiring Singapore-based startup SugarOKR for an undisclosed sum.
Malaysia’s Maybank invests in Funding Societies
Malaysian lender Malayan Banking Berhad (Maybank) has announced a strategic investment in Funding Societies | Modalku (Funding Societies), an unified digital finance platform for micro, small and medium enterprises (MSMEs) in Southeast Asia.
Carsome’s 2Q revenue hits “above $310M”, announces $46.2M new financing partnerships
In the second quarter of 2024 (2Q2024), Carsome said it maintained its leadership position with about 35,000 vehicles traded and grew revenue by 9 percent quarter-on-quarter (q-o-q) to above $310 million.
Finture’s YUP secures $30M in Series B funding, aims for US IPO in 3-5 years
YUP aims to serve 50 million users over the next 8 to 10 years, positioning itself as Southeast Asia's leading digital banking service platform with plans for a US IPO in the next 3 to 5 years.
India’s Playbook Partners launches $250M growth capital fund backed by Singapore, Middle East, Europe investors to accelerate Digital India
In response to strong institutional investor interest, the fund is using the green shoe option and can grow up to $250 million.
Taiwan’s ELNA PCB opens $230M manufacturing plant in Penang
ELNA PCB(M) SDN. BHD., a Malaysian printed circuit board (PCBs) subsidiary of Global Brands Manufacture under the Taiwan-based Passive System Alliance (PSA) Group, has on Tuesday announced the opening of its second plant in Penang, Malaysia, with an investment exceeding MYR 1 billion ($230 million).
