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Regional InsurTech firm Igloo expands Thailand operations to support country’s $32B insurance industry

Igloo has appointed John Chen as Country Manager, Igloo Thailand. In his new role, Chen will spearhead the growth and operations of Igloo in the market, in addition to establishing more strategic partnerships and delivering an expanded range of insurance products to Thai consumers.

Singapore Computer Society unveils 3rd edition of Singapore 100 Women in Tech (SG100WIT) List

The Singapore 100 Women in Tech (SG100WIT) 2023 is the third edition, and it received a total of 800 nominations – an increase of almost one-third from the 2021 edition, signalling the growing recognition and value that women bring to the tech sector.

Norway sovereign fund closes Shanghai’s office, Singapore office to serve as regional hub

The sovereign fund said its investments in China remain unchanged and the decision is driven by operational considerations and does not affect the fund’s investment strategy or its investments in China.

This Korean startup aims to reduce truck accidents with its real-time truck tire profile direct sensing technology

According to Lee, BANF’s primary focal points encompass the US and China, both of which constitute the most sizable segments within the realm of ground logistics.

Malaysia’s Science & Technology Ministry looks into VCs’ suggestions to support tech startup ecosystem

Among the key areas discussed were potential tax incentives, flexible regulations, and creative financing models that could provide a robust framework for startups to thrive.

Temasek leads $140M India’s Ola Electric funding at $5.4B valuation – report

The investment round has been closed and Ola will be receiving the funds within a week's time, though there will be another round of fund raising before it files papers for an up to $1 billion IPO planned for late 2023, said the first source, according to the report.

Indonesia’s automotive aftermarket startup Otoklix reports 2x annual growth, targets to hit profitability in a year’s time

Otoklix is also gearing up to be a first-mover in Indonesia’s electric vehicle aftermarket, with a focus on outfitting and educating workshop teams to service electric motorbikes. The startup has also entered into a strategic partnership with Indonesia’s state-owned oil and natural gas corporation Pertamina to reestablish the Bright Olimart service chains…

Singapore’s Grab adds Web3 services to its super app – report

Users can now set up a web3 wallet, win blockchain-based rewards, pay with NFTs and more.

Tencent Cloud says international business posts strong growth

In the first half of 2023, international business posted double digit revenue growth, with particularly strong performances in Japan, Singapore, Malaysia, Indonesia, Europe, and the Middle East.

ORZON Ventures invests in SLEEK EV, aims to revolutionize electric mobility in Southeast Asia

This strategic investment will fuel SLEEK EV's mission to accelerate the transition of 2-wheelers in Southeast Asia to electric.