News

AirAsia X announces the extension of time to complete the acquisition of Capital A’s aviation business

The timeline has been extended by two months, from Jan 25 to Mar 24, 2025, allowing both parties additional time to finalize the transaction for AAAGL and AAB.

Singapore’s Crypto.com receives MiCA license in Malta

Crypto.com has on Monday announced that its Malta entity has received a markets in crypto assets (MiCA) license from the Malta Financial Services Authority (MFSA).

ADB, Ayala sign $100M financing deal to support electric mobility in the Philippines

The Asian Development Bank (ADB) has signed a financing package of up to $100 million to support Philippine conglomerate Ayala Corporation’s contributions to the development of an electric mobility ecosystem in the Philippines.

Elev8.vc closes $30M deep tech fund to propel innovation in Singapore’s technology ecosystem

Elev8.vc’s new fund is expected to back 20 to 30 high-potential deep tech startups, providing them with both capital and strategic resources to accelerate their growth.

Securities Commission Malaysia launches alternative financing scheme for MSMEs

The Securities Commission Malaysia (SC) has on Monday announced SARANA, an alternative financing scheme offered by nine SC-registered peer-to-peer financing (P2P) platform operators under the Government e-procurement system.

Momentum Works: TikTok Shop U.S. GMV surpasses $9B in 2024

TikTok Shop’s global gross merchandise value (GMV) surged to $33.2 billion in 2024, more than doubling year-over-year, Momentum Works said Monday.

EVM, Solarvest and PECC2 forge strategic partnership to accelerate renewable energy adoption in Vietnam

Vietnam-based Saigon Jim Brother’s Corporation (EVM), Solarvest (Vietnam) Company Limited (Solarvest) and Power Engineering Consulting Joint Stock Company 2 (PECC2) have forged strategic partnership to accelerate renewable energy adoption in Vietnam through the new direct power purchase agreement mechanism (DPPA) via national grid.

Indosat Ooredoo Hutchison & India’s AIonOS Unite to Power Indonesia’s AI Growth Journey

This collaboration aims to leverage AI for advancing Indonesia’s food security, talent development, and tourism.

MYEG partners with MyDigital ID Solutions to set up Malaysia’s blockchain-powered digital identity ecosystem

The MyDigital ID Superapp will provide a seamless, secure, and scalable solution for integrating digital identity management for commercial service providers.

Nestlé Philippines inks partnership with Mober to integrate EV in mid & last-mile delivery

As part of the partnership, Mober will provide electric trucks (e-trucks) to service Nestlé Philippines’ logistics needs across Metro Manila.