News
Granite Asia raises over $500M for Pan-Asia private credit fund Libra Hybrid
Granite Asia, a Singapore-based investment firm, has surpassed the $500 million target for its Pan-Asia private credit fund, Libra Hybrid, drawing new commitments from a leading insurer, DBS Private Bank, and other institutional investors.
Visa joins Singapore’s stablecoin project, to pilot 7-day settlement with Nium
The United States-based payment network Visa has joined BLOOM, an initiative led by the Monetary Authority of Singapore (MAS) to enable interoperability between traditional payment systems and stablecoin-based payment rails.
Singapore FinTech Association refreshes strategic advisory council with four new appointments
The Singapore FinTech Association (SFA) has on Monday announced the appointment of four new members to its Strategic Advisory Council (SAC) for a fresh two year term from 1 August 2026 to 31 July 2028.
Temasek-backed Azalea adds over $1B in new capital commitments across private equity platforms
Tamesek-backed Azalea Investment Management Pte. Ltd. announced Monday that it has raised over $1 billion in new capital commitments across three private equity (PE) offerings.
STMicroelectronics, NUS launch four-year lab to develop energy-efficient edge AI chips in Singapore
STMicroelectronics, an European chipmaker, and the National University of Singapore (NUS) launched a research lab to develop energy-efficient semiconductors for edge AI, the processing of AI tasks on or near a device rather than in the cloud.
UAE’s Fasset raises $68M Series C at $1B valuation, led by Japan’s SBI
The UAE-based Fasset, a stablecoin-based digital banking platform, has raised $68 million in a Series C funding round that valued it at $1 billion, led by Japan's SBI Group.
JC&C to sell Singapore, Malaysia car business to Indonesia’s Chandra Asri for $207M
Jardine Cycle & Carriage (JC&C), a Singapore-incorporated company, will sell its Cycle & Carriage automotive business in Singapore and Malaysia to CCHPL Holdings, a wholly-owned subsidiary of Indonesia's PT Chandra Asri Pacific, for an estimated S$265 million ($207 million).
Thailand venture capital firm Krungsri Finnovate invests in three global startups
Krungsri Finnovate, the corporate venture capital (CVC) arm of Krungsri (Bank of Ayudhya PCL), said on Monday that it has backed three global startups including AlpacaDB, Incorp (Alpaca), Qoala Technology PTE LTD and Whale Technologies Limited.
Eaton, Singapore Polytechnic team up to advance talent development in next-generation power infrastructure
Eaton, an Ireland-based intelligent power management company, and Singapore Polytechnic (SP) have on Wednesday signed a memorandum of understanding (MoU) to advance technical education in emerging power infrastructure technologies, including 800-volt direct current (800VDC) systems.
ResponsAbility closes Asia Climate Fund at $461M
Switzerland-based responsAbility Investments AG has successfully closed its Asia Climate Fund1 at $461 million, making it the firm's largest closed-end climate investment fund to date.
