News

Singapore’s Bitsmedia raises $20M in Series A funding led by CMIA Capital Partners, Gobi Partners, Bintang Capital Partners

Bitsmedia, the creator of the widely popular Muslim lifestyle application (app), Muslim Pro in Singapore, has successfully secured $20 million in its Series A funding round. This funding round saw participation from Asia-focused venture capital firm, Gobi Partners, alongside continued support from existing investors – CMIA Capital Partners, and Bintang…

Hong Kong’s Klook raises $210M in funding led by Bessemer Venture

Klook, the Hong Kong-based platform for experiences and travel services, announced Thursday that it has successfully completed a $210 million financing, supporting business growth and fortifying financial stability. The equity round is led by Bessemer Venture Partners, with participation from BPEA EQT, Asia investment funds Atinum Investment and Golden…

Singapore cultivated meat startup Meatiply raises $3.75M seed funding for expansion

Singapore-based cultivated meat company Meatiply has secured $3.75 million in the first close of its seed funding round. The round is co-led by existing investor Wavemaker Partners and AgFunder, with participation from SEEDS Capital, the venture investment arm of Enterprise Singapore.

SC Malaysia to introduce streamlined transfer of listing to encourage more exit options

The SC, together with Bursa Malaysia is working to improve efficiency in the public markets to facilitate a start-up’s IPO, with measures such as expediting the IPO process and reducing time-to-market for companies seeking to list on its stock exchange.

Malaysia’s TNB unveils vision for sustainable energy future and collaboration

Malaysia's utility firm Tenaga Nasional Berhad (TNB) said Wednesday that it has solidified its pledge to spearhead Malaysia's energy transition by championing transformative renewable energy projects.

UK-IFC’s MAGC receives $45M in funding expansion to support green construction practices in emerging economies

The United Kingdom Government has announced an expansion of funding for climate projects, including the UK-IFC Market Accelerator for Green Construction (MAGC) Program, to significantly elevate green construction practices in over 20 emerging and developing economies. This expansion will provide an additional £36 million ($45.15 million) to the program.

Demand for AI roles is expected to increase in 2024, says Glints

The demand for artificial intelligence (AI) roles is expected to increase in 2024, with top three roles being sought after are artificial intelligence (AI) engineer, AI mentor or trainer, data scientist and analyst, Southeast Asia talent platform Glints said in a report on Tuesday.

YouTrip teams up with Google Pay to make payments seamless

YouTrip, Singapore’s multi-currency e-wallet, has on Wednesday announced its integration with Google Pay, enabling Android users the convenience to make secure and effortless payments. This integration marks another significant milestone in YouTrip's journey to empower users with a more seamless, and smarter experience across different payment options…

MAS launches coalition; announces pilots to develop transition credits for early retirement of Asia’s coal plants

The Monetary Authority of Singapore (MAS) has on Tuesday announced the launch of the Transition Credits Coalition (TRACTION) and two pilot projects to test the use of high-integrity transition credits in transactions for the early retirement of coal-fired power plants (CFPPs).

Malaysia launches Sustainable Energy Development prospectus paper to advance energy transition

Malaysia has launched the Sustainable Energy Development prospectus in an effort to showcase Malaysia’s strategic intent in “Advancing Just Energy Transition” at the 28th Conference of the Parties to the UNFCC (COP28) at Dubai Expo City, emphasizing its commitment to climate action on a global stage.