Asia

IFC to invest $105M in Brookfield’s Bikaner solar power project

International Finance Corporation (IFC) has committed to part finance a 550 megawatt peak (MWp) solar power project in Bikaner, Rajasthan being developed by Brookfield Asset Management with $105 million through long-term non-convertible debentures.

IFC offers $100M debt financing package to EPIC to support sustainable textile manufacturing in Bangladesh and India

To support sustainable textile manufacturing and improve the sector's resource efficiency in Bangladesh and India, International Finance Corporation (IFC) has on Monday announced a partnership with EPIC Group, a leading player in the global apparel industry, to help finance its green capital expenditure program and create higher-skilled jobs.

Fintech entrepreneurs launch foreign exchange risk management firm Instantia with VNG backing

Industry veterans Richard Poulton and Danny Pezeshki have joined forces with Vietnamese tech titan VNG to launch foreign exchange (FX) risk management firm Instantia that based in Australia.

India’s VentureSoul Capital to raise up to $36M for its maiden debt fund

VentureSoul Capital, an India-based investment firm, is looking to raise up to INR 600 crores ($35 million) for its maiden debt fund to invest in domestic startups. The tech focused structured debt fund has received support from marquee Anchor - Micro Labs ltd, a healthcare major.

Temasek invests up to $198M in Australian financial services firm Betashares

Betashares, an Australian financial services company, has on Monday announced it has entered into a binding agreement with Temasek, a global investment company headquartered in Singapore, for Temasek to invest up to AUD 300 million ($198M) in Betashares.

Canada, ADB launch $255M new fund to support private sector climate action and nature-based solutions in Asia Pacific

The government of Canada and the Asian Development Bank (ADB) have announced a partnership to create a new CAD 360 million ($255 million) trust fund. The Canadian Climate and Nature Fund for Private Sector in Asia (CANPA) will support private-sector projects in Asia and the Pacific focused on climate and nature-based solutions while accelerating gender…

Gobi Partners launches third annual Sustainability Report highlighting achievements and insights

Asia-focused venture capital firm Gobi Partners has on Thursday announced the publication of its third annual Sustainability Report. The report highlights significant achievements in environmental, social, and governance (ESG) goals over the 12-months period from 1 April 2023 to 31 March 2024.

Alipay+ expands global merchant coverage for partner E-wallets for UEFA EURO 2024

As official payment sponsor of UEFA EURO 2024TM, Alipay+, the cross-border mobile payment and digitalization technology solutions operated by Ant International, alongside global partners, is gearing up for an action-packed summer.

BlackLine launches data center in Sydney to serve customers across APAC

Global cloud-based services provider BlackLine, Inc. has opened its first Asia-Pacific (APAC) regional data center within a Google Cloud facility in Sydney.

Stanly raises $8M in Pre-Series A round led by Adrian Cheng’s C Capital

Stanly, the innovative platform designed exclusively for fans to connect, engage, and celebrate their favorite fandoms, has successfully raised $8 million in pre-Series A funding.