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Funding Societies introduces Shariah-compliant Guaranteed Islamic Investment Note in Malaysia

Following the launch of its comprehensive Islamic financing solutions recently, Funding Societies, the Singapore-based unified small and medium sized enterprise (SME) digital finance platform, has introduced its Guaranteed Islamic Investment Note (GN-i) in Malaysia.

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Singapore’s Grab cuts 1,000 jobs to manage costs and stay competitive, says CEO

Grab's Anthony Tan said with or without the exercise, Grab is on track to hit group Adjusted EBITDA breakeven this year.

Lenovo invests $1B to advance AI infrastructure solutions

Chinese multinational technology company Lenovo has announced its plans to invest $1 billion over three years in the expansion of infrastructure solutions to accelerate the artificial intelligence (AI) deployment for businesses around the world.

Google Cloud appoints Mark Micallef to lead its Southeast Asia business and advance regional AI momentum

Global cloud computing services provider Google Cloud has on Monday announced the appointment of Mark Micallef as Managing Director of its business in Southeast Asia.

Malaysia’s GHL expands Alipay+ integration to 2,600 Thai merchants

Malaysia-based payment service firm GHL Systems Berhad (GHL) has enabled Alipay+ for over 2,600 local businesses in Thailand to accept cross-border digital payments from leading Asian mobile wallets.

Philippine ecommerce marketplace startup Shoppable Business closes $1.15M pre-seed round

Shoppable Business, the Philippines-based business to business (B2B) eCommerce marketplace and technology company, has closed its oversubscribed pre-seed financing round of $1.15 million.

Carro invests in Malaysian automobile content provider Driven Communications

Carro, the Singapore-based online used car platform, has on Monday announced that it is making a strategic investment into Driven Communications, a Malaysian content provider.

Malaysia announces measures to boost capital market vibrancy and competitiveness

Malaysia has on Monday announced several measures to boost capital market vibrancy and competitiveness. The capital market regulators commit to explore ways to reduce market friction and shorten time-to-market for initial public offerings.

WORQ on track to double total space under management to 200,000 sqf by year end

WORQ, a Malaysia-based coworking and flexible space provider, said Monday it is on track to double its total space under management to 200,000 square feet by the end of 2023.

MRANTI CEO Dzuleira Abu Bakar resigns after 4.5 years of service

The Board of Directors (Board) of the Malaysian Research Accelerator for Technology and Innovation (MRANTI) has on Monday announced the resignation of Dzuleira Abu Bakar as its Chief Executive Officer (CEO).