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IFC invests $40M in Malaysia’s Zetrix AI to improve access to digital public infrastructure services
The World Bank Group, through its private sector arm the International Finance Corporation (IFC), has announced a $40 million equity investment in Zetrix AI Berhad, to improve access to Digital Public Infrastructure (DPI) services in Malaysia and emerging markets in the broader ASEAN region and beyond.
Mambu expands payments hub into Indonesia, the Philippines, Malaysia and Singapore
Mambu, a global software as a service (SaaS) cloud banking platform, announced Wednesday the expansion of its Payments Hub solution into a number of territories including Indonesia, the Philippines, Malaysia and Singapore, marking the first time the platform will be available to customers in Asia.
Patrick Grove’s ICON1C raises $7.92M from community and collaborators for expansion, acquisitions
ICON1C, a Singapore-based investment and operating platform focused on building businesses in the global premium experience economy, announced Thursday it has raised S$10 million ($7.92 million) from its stakeholders and members to accelerate its expansion and for acquisitions.
S&P upgrades Grab to ‘BB’ on improving earnings quality
S&P Global Ratings has on Wednesday upgraded Grab Holdings to 'BB' from 'BB-' on improving earnings quality with positive outlook.
Milestone Systems expands Singapore footprint with the launch of Asia Experience Center
Milestone Systems, a global data-driven video technology, announced Wednesday the opening of its new Experience Center in Singapore, representing a major expansion of the company’s regional footprint in Asia.
Tanium appoints Satyen Desai as New Regional Vice President for ASEAN
Tanium, a global autonomous endpoint management (AEM) firm, announced Wednesday the appointment of Satyen Desai, as its Regional Vice President (RVP), ASEAN.
Maybank sees Sea’s Monee well positioned to benefit from AI-driven payment
Despite the artificial intelligence (AI)-related Shopee uncertainties, Maybank Investment Bank sees Monee well positioned to benefit from AI-driven payments while also capturing a portion of Shopee’s monetization upside.
IFC commits $25M to Seraya Partners Fund II to support sustainable infrastructure development in Southeast Asia
The International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets, has committed $25 million to Seraya Partners Fund I, a private equity infrastructure fund managed by Seraya Partners, to support sustainable infrastructure development in Southeast…
Vinfast Middle East inks deal with PlusX Electric to strengthen EV ownership experience in the UAE
Vietnam-based electric vehicles (EVs) maker VinFast announced Monday the signing of a memorandum of understanding (MoU) with PlusX Electric, a DEWA-approved EV charging and electric mobility solutions provider in the United Arab Emirates (UAE).
Singapore’s Crypto.com receives US trust bank approval
Singapore-based Crypto.com announced Monday that it has received conditional approval from the Office of the Comptroller of the Currency (OCC) to charter Foris Dax National Trust Bank, d.b.a. Crypto.com National Trust Bank.
