On location
Malaysia almost doubles its drone readiness within one year
Malaysia’s drone industry is flying high after ranking 21st in the Drone Readiness Index (DRI), up from 30th spot last year. Malaysian Research Accelerator for Technology and Innovation (MRANTI) said in a statement that Malaysia is also the top ranked Southeast Asian country in the Index.
FWD to enter Malaysian life insurance market with strategic investment in Gibraltar BSN
Hong Kong-based insurance firm FWD Group Holdings Limited will enter the Malaysian life insurance market following the signing of an agreement to invest in a majority stake in Gibraltar BSN Life Berhad (Gibraltar BSN).
Malaysian Government drafting strategic framework to develop EV charging infrastructure – report
The EV industry has become one of the hottest sectors among Southeast Asian countries. Often seen as the future of automobile, neighboring countries Indonesia and Thailand has hoped to become EV regional hubs, luring car makers from Japan, South Korea and the US to invest and build factories here. Countries including Malaysia and Vietnam have started to…
Gobi-Core appointed as a Co-Investment Partner for Philippine government’s Startup Venture Fund
The Gobi-Core Philippine Fund (Gobi-Core) has been officially accredited as a Co-Investment Partner (CIP) of the Philippine government’s Startup Venture Fund (SVF), one of the first since the fund’s inception in 2021.
Wellous, DHL establish a sustainability partnership to combat climate change
Wellous Group Limited, a Malaysia-based nutrition company, has on Friday announced that the company has entered into an agreement to become DHL Express’s first customer in Asia Pacific to use GoGreen Plus service.
Malaysia’s Sunview partners Huawei for renewable energy
Sunview Group Berhad, a Malaysia-based renewable energy player has on Friday announced that it has inked deal with Huawei Technologies (Malaysia) Sdn. Bhd. (Huawei Malaysia) for strategic partnership in renewable energy.
Japan’s Lifull acquires Thailand brokerage services company FazWaz
Japan-based marketplace operator Lifull Co., Ltd has announced the acquisition of Thailand-based brokerage services company FazWaz, to expand its real estate businesses in Thailand and Southeast Asia and acquiring technology.
GoTo accelerates profitability timeline, with adjusted EBITDA expected to turn positive in 4Q, 2023
PT GoTo Gojek Tokopedia Tbk (GoTo), the largest digital ecosystem in Indonesia, has on Friday announced that it has further accelerated its profitability timelines. The firm expects adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to become positive within the fourth quarter of 2023.
Singapore’s Transcelestial gets $10M in funding led by Airbus Ventures
Transcelestial, a Singapore-based wireless startup, has on Friday announced that it has raised $10 million funding. Airbus Ventures led the A2 investment round with participation from Kickstart Ventures, Genesis Alternative Ventures, Wavemaker, Cap Vista and SEEDS Capital.
DBS to apply for crypto licence in Hong Kong – report
When the regulations in Hong Kong are clear, and the bank “understands exactly the framework,” DBS will be one of the lenders interested in participating, said Paredes.
