News
ASEAN Reinsurance Working Committee inks MOU to establish ASEAN renewable energy pool
The ASEAN Reinsurance Working Committee (ARWC) has signed a Memorandum of Understanding (MOU) in pledging support in the form of underwriting capacity as well as setting up the terms to the establishment of the ASEAN Renewable Energy Pool (AREP) under the supervision of ASEAN Insurance Council (AIC).
MAS publishes code of conduct for providers of ESG rating and data products
The Monetary Authority of Singapore (MAS) has on Wednesday published its finalized code of conduct for environmental, social, and governance (ESG) rating and data product providers (CoC) and an accompanying checklist for providers to self-attest their compliance to the CoC.
WWF, BCG, and Think City launch regional initiative for nature-based solutions, climate analytics and AI
The World Wide Fund for Nature (WWF), Boston Consulting Group (BCG), and Think City, have announced the launch of the Report and the Southeast Asia Climate Adaptation and Resilience (SEACAR) Alliance. SEACAR Alliance is a regional initiative that aims to emphasize the importance of nature-based solutions (NbS), climate analytics and artificial intelligence…
Singapore and China enhance digital finance and capital markets cooperation
The Monetary Authority of Singapore (MAS) has on Thursday announced new digital finance and capital markets initiatives to expand its financial cooperation with China. The initiatives are cross-border E-CNY pilot between China and Singapore, and launch of the exchange traded funds (ETF) product link between the Singapore Exchange (SGX) and Shanghai Stock…
Japan’s Sansan Global Development Center expands to larger Cebu premises as its hires 100 software developers
Sansan, Inc., a Japanese provider of cloud-based solutions that promote digital transformation (DX), has on Friday announced its expansion into larger premises for its Sansan Global Development Center, Inc. in Cebu. It comes as the company nears its 50 software developer milestone, since announcing plans to hire up to 100 earlier this year.
ADB approves $659M in financing to support Pakistan’s sustainable development
The Asian Development Bank (ADB) has approved three projects totaling $658.8 million to help Pakistan achieve its goal of more inclusive and sustainable growth and development. The projects will focus on improving domestic resource mobilization; rehabilitating schools damaged by the devastating August 2022 floods; and enhancing agricultural productivity to…
Mandiri Capital Indonesia partners BTN to launch prop-tech focused fund through BTN Fund
Indonesian commercial bank PT Bank Tabungan Negara (Persero) Tbk (Bank BTN) and PT Mandiri Capital Indonesia (MCI), the corporate venture capital arm of Bank Mandiri, have signed a term sheet to establish the BTN Fund, targeting investments in digital technology with a focus on housing.
Philippine insurer InLife sells 40 percent stake in Oona Philippines to Oona Insurance
Philippine insurers Insular Life (InLife) and Oona Insurance group (Oona) have on Thursday jointly announced that they are entering into an agreement, with InLife selling its 40 percent stake in their non-life insurance joint venture, Oona Insular Insurance Corporation (Oona Philippines), making it Oona’s fully owned subsidiary.
Japan’s Gacha Monsters raises $3M seed funding from Animoca Brands to develop immersive intellectual properties
Gacha Monsters, a Japan-based entertainment and gaming company developing titles for a new generation of gamers, has on Friday announced the completion of a $3 million seed investment round from Animoca Brands, Infinity Ventures Crypto, FBG, and Big Time Games.
Gentari plans to team up with Mercedes-Benz Malaysia to drive EV ecosystem growth
Gentari Sdn Bhd, a Malaysia-based clean energy solutions provider, intends to partner with Mercedes-Benz Malaysia (MBM) through its subsidiary, Gentari Green Mobility Sdn Bhd, to accelerate the adoption of electric vehicles (EVs) in the country.
