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Indonesia President Jokowi wants Tesla to make cars locally, not just batteries – report
Jokowi previously said the government aims to establish an “integrated EV ecosystem” that would include such industry activities as metals mining, battery production and car assembly.
Taiwan’s Cherubic Ventures completes $110M Fund V, bringing total committed capital to over $400M
Taiwan-based venture capital firm Cherubic Ventures announced Thursday the successful completion of its Fund V at $110 million, with a total of over $400 million in committed capital under management.
Malaysian Islamic app TheNoor seeks to raise $1M through Islamic ECF platform Ethis
Malaysia’s Islamic lifestyle app TheNoor (Noor Luminous Sdn Bhd) aims to raise MYR5 million ($1.12 million) via Malaysian impact investment and Islamic equity crowdfunding platform, Ethis. The potential deal will raise the firm's pre-money valuation to $10.74 million.
South Korea’s SK backs US-based Atom Power with $100M funding
Atom Power, the United States-based startup to digitize power delivery, said Thursday it has closed a $100 million growth round from SK Inc. and SK Energy, South Korean investors in transformative energy technologies.
Proton finalizes deal to sell Smart Automobile Co’s electric vehicles in Malaysia & Thailand
Malaysian automaker Proton on Thursday formalized its deal to sell and service vehicles from premium electric vehicle (EV) brand Smart Automobile Company (smart) in Malaysia and Thailand by signing a general distributorship agreement.
Singapore’s FOMO Pay raises $13M Series A round led by Jump Crypto
Singapore-based FinTech firm FOMO Pay, announced Thursday that it has secured a $13 million investment for its Series A round led by Jump Crypto. Other participating investors include HashKey Capital, Antalpha Ventures, Ab Initio Capital, and Republic Capital
Deliveroo, Foodpanda and Grab jointly launch digital platforms industry association in Singapore
The three major food delivery platform companies, Deliveroo, Foodpanda and Grab, have come together to launch the Digital Platforms Industry Association (DPIA). Through the association, these platform companies will strengthen the frameworks, guidelines, and policies that support their delivery partners and merchants.
Malaysian businesses harness technology to increase efficiency, says CPA Australia
Most Malaysian businesses are planning to accelerate their use of technology over the next year, to drive efficiency and tap into bigger profit opportunities, according to CPA Australia's Business Technology Survey 2022.
Coca-Cola and Grab join hands to drive growth and digitalisation in Southeast Asia
Global beverage company Coca-Cola and Southeast Asia’s leading superapp Grab announced Thursday an integrated regional partnership that will build on Coca-Cola’s extensive offline retail presence and Grab’s large online network to unlock growth opportunities in a booming digital consumer market.
Indonesian proptech firm Kabina raises seed funding led by East Ventures
Kabina, a property and construction startup in Indonesia, announced Thursday the completion of its seed funding round led by East Ventures, with the participation from several notable angel investors, including Sandra Dewi.
