News
MAS strengthens regulatory measures for digital payment token services
The Monetary Authority of Singapore (MAS) has on Thursday published its final tranche of responses to feedback received on its proposed regulations for digital payment token (DPT) service providers in Singapore. The consulted proposals detail business conduct and consumer access measures to limit potential consumer harm.
Malaysia’s TNB partners Perak state government to drive large-scale renewable energy initiatives
Malaysian utility firm Tenaga Nasional Berhad (TNB) has partnered with Perak state government to drive large-scale renewable energy (RE) initiatives. The firm is cooperating with the state government of Perak to explore the vast potential of floating solar systems in the vicinity of the Sungai Perak hydroelectric scheme, dam and reservoir.
United Kingdom’s LMAX gets license to offer NDF trading in Singapore
LMAX Group, a United Kingdom-based operator of institutional exchanges for trading foreign exchange (FX) and digital assets, has on Wednesday announced that it has secured license to offer non-deliverable forward (NDF) trading in Singapore (SG1) and London (LD4). LMAX's subsidiary LMAX Exchange Singapore, has received the recognized market operator (RMO)…
Circles X delivers telco-as-a-service in Indonesia with Google Cloud
Circles, a technology firm in Singapore, has rapidly deployed its Circles X telco-as-a-service solution in Indonesia, guided by Google Cloud’s DevOps Research and Assessment (DORA) metrics. These metrics, including deployment frequency, lead time for changes, change failure rate, and time to restore service, contributed to a more nimble and efficient…
OpenAI researchers warned board of AI breakthrough ahead of CEO ouster – report
The news report came after Open AI announced that it will bring back Altman and appoint new board members, after nearly all of its employees threatened to leave the AI startup over his surprise ouster earlier.
Vietnam’s akaBot expands its reach into Malaysia
AkaBot, a Vietnam-based robotic process automation (RPA) solutions provider, has officially introduced the strategy to extend its services and solutions in the Malaysia market. The firm will offer Malaysian businesses in finance, banking, retail, and manufacturing a range of holistic solutions for automation and digitization, enhancing overall productivity…
Singapore’s Climate Alpha raises $5M in seed round led by Jungle Ventures
Climate Alpha, a Singapore-based artificial intelligence (AI)-driven analytics platform for the real estate, asset management and insurance industries, has closed a $5 million seed round led by Jungle Ventures.
Aggregate Asset Management ties up with ADDX to list diversified deep-value equity fund
Global private market exchange ADDX has listed a deep-value equity fund, managed by Aggregate Asset Management (AAM), that uses machine learning to optimize investment strategy and returns. The fund targets a compound annual growth rate of 8 percent and is open-ended.
Antler announces $2M in funding for startups across Singapore and Indonesia
Antler, the Singapore-based early-stage venture capital firm, has invested another $2 million in 15 startups across Singapore and Indonesia. As a global investor, Antler has invested in over 900 startups, making them the most active investor globally and in Southeast Asia.
TikTok mulls investing in Indonesia’s GoTo to revive online shop – report
Indonesia is also among the first countries in Southeast Asia to push back against TikTok. Following the Indonesia restrictions, nearby Malaysia also said it is studying the possibility of regulating TikTok and its e-commerce operations.
