News
Kenanga sees Malaysia’s technology firms well placed to ride global recovery
Against a backdrop of resilient semiconductor momentum, accelerating artificial intelligence (AI)/ high-performance computing (HPC)-driven capital expenditure (capex), firmer autos, and contained tariff risk, Kenanga Research has turned positive on Malaysia's technology sector and foreseen the firms are well placed to ride the global recovery.
Thunes, BSF unite to transform cross-border remittances from Saudi Arabia
Thunes, the Singapore-based payment firm, announced Wednesday that it has signed an memorandum of understanding (MOU) to form a strategic alliance with Banque Saudi Fransi (BSF), one of Saudi Arabia’s financial institutions, to transform cross-border remittances from the region.
Singapore’s Indies closes fourth private credit fund at over $300M
Indies Capital Partners, a Singapore-based alternative investment manager focused on Southeast Asia, announced Thursday the final close of its fourth private credit fund, Indies Special Opportunities IV (ISO IV), at over $300 million — more than double the size of its predecessor.
Temasek-backed Einride raises $100M to accelerate autonomous freight and expand global operations
Temasek-backed Einride, a technology company that provides digital, electric, and autonomous solutions for road freight, has raised about $100 million in funding from a mix of existing and new investors.
Singapore’s Yangzijiang Financial invests $143.27M to lead the restructuring of lithium battery firm Shanshan
Singapore-based investment manager Yangzijiang Financial is investing RMB 1.02 billion ($143.27 million) to lead the restructuring of lithium battery giant Shanshan Co.
Temasek’s Temus inks strategic partnerships with IMDA, Peak3, Resaro to accelerate AI transformation
Temasek's digital transformation solutions firm Temus has announced three new strategic collaborations with the Infocomm Media Development Authority (IMDA), Peak3, and Resaro to accelerate artificial intelligence (AI) transformation across the public and private sectors in Singapore.
Lazada, Gmarket team up to bring authentic Korean products to SEA
Lazada, Southeast Asia’s leading online shopping platform, has teamed up with South Korea’s Gmarket, to bring 20 million authentic Korean products for Southeast Asian shoppers on its platform.
Aeon Credit partners MUFG to launch $119M social loan in Malaysia
MUFG Bank (Malaysia) Berhad (MUFG), a subsidiary of Mitsubishi UFJ Financial Group, Inc. has signed a MYR 500 million ($119 million) social loan with AEON Credit Service (M) Berhad (AEON Credit), a financial service provider in Malaysia.
CapBay partners TrackerHero to launch $200M initiative to boost digitalization among Malaysia’s SMEs in security services
Bay Group Holdings Sdn Bhd (CapBay), a Malaysian supply chain financing provider and peer-to-peer (P2P) financing platform, and Ultrack Technology Sdn Bhd (TrackerHero), a provider of security workforce management solutions, have sealed a memorandum of understanding (MoU) to accelerate digital adoption and growth among small and medium-sized enterprises…
MAS and industry partners publish technical report on proof-of-concept Sandbox for quantum-safe communications within the financial sector
The Monetary Authority of Singapore (MAS), in collaboration with DBS, HSBC, OCBC, UOB, SPTel and SpeQtral, has successfully completed a proof-of-concept (PoC) sandbox to evaluate the use of Quantum Key Distribution (QKD) for secure communications in the financial sector.
