News
Malaysia’s Teleport and China’s SF Airlines to cross-share logistics network
Teleport, the logistics venture seeded by Malaysian low-cost airline Capital A Berhad, and SF Airlines, China’s largest air cargo carrier by fleet, have signed a bilateral interline partnership to leverage on each other’s extensive air network to better serve their respective customers - Teleport brings to the table deep logistics access into Southeast…
GCash parent Mynt acquires ECPay for $40.6M – report
The acquisition will help GCash improve its services in the fintech space and further democratize financial access, Globe said.
Vietnam’s Green SM reaches six millionth ride
Green SM, the pure electric vehicle ride-hailing service of Vietnam’s Green and Smart Mobility JSC. (GSM) announced last Friday that it has reached the 6 millionth ride after only five months of its market launch.
Malaysia’s Hektar REIT partners GMA Resources for EV charging bays
Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (Hektar REIT), has partnered with GMAResources Sdn Bhd (GMA) for electric vehicle (EV) charging bays in Malaysia. This initiative involves the installation of 13 Electric Vehicle (EV) charging bays across six shopping malls in Hektar REIT’s portfolio commencing from 1…
Malaysian Central Bank: micro and small businesses will continue to enjoy zero-cost transactions DuitNow QR payments
Malaysian Central Bank said last Friday that micro and small businesses in Malaysia will continue to enjoy zero-cost transactions DuitNow QR payments, and no new costs for individual customers.
Singapore’s Vertex Technology Acquisition Corporation to merge with streaming platform 17LIVE Inc
Vertex Technology Acquisition Corporation Ltd (VTAC), a special purpose acquisition company (SPAC) based in Singapore, will buy streaming platform 17LIVE Holding Limited for SGD 925.1 million ($675.35m). The pro forma equity value of the proposed business combination is up to SGD 1,161 million ($847.56m).
Gobi Partners backs Malaysian agritech startup BoomGrow
Asia-focused venture capital firm Gobi Partners is doubling down on its commitment to Environment, Social and Governance (ESG)-friendly investments through its latest strategic funding into Malaysian agritech startup, BoomGrow’s Pre-Series A Funding Round. The investment is made through the Khazanah Nasional Berhad-backed Gobi Dana Impak Ventures (GDIV)…
Katadata: 67 percent of Indonesia’s population not active e-commerce users
Katadata Insight Center and Evermos report has found that Offline channels are crucial for business success for local Indonesian brands, and 67 percent of Indonesia's population is not active e-commerce users.
Vietnam’s GSM officially launches electric scooter ride-hailing services in Ho Chi Minh City
The Green SM Bike, GSM's electric scooter ride-hailing service, is officially launched in HCM City on last Friday. The firm aims to expand to another six provinces and cities and to increase the electric scooter fleet to up to 90,000 units in 2023.
