Asia

The Asian Development Bank (ADB) has on last Friday announced that it will start on January 1, 2024 operations of its Climate Action Catalyst Fund (CACF) — a first-of-its-kind carbon fund under the Paris Agreement. The fund aims to mobilize innovative carbon finance through the purchase of carbon credits to catalyze investments in transformative mitigation…

The Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA) have signed an agreement to establish the Leading Asia's Private Infrastructure Fund 2 (LEAP 2) with capital of up to $1.5 billion provided by JICA. The fund aims to co-finance high-quality, resilient, and sustainable infrastructure projects in Asia and the Pacific.

The Asian Development Bank (ADB) has on Friday approved a $400 million policy-based loan to support the government of Bangladesh in implementing its National Adaptation Plan, 2023–2050 and Nationally Determined Contributions 2021 Update to the Paris Agreement to achieve a climate-focused inclusive development.

Sansan, Inc., a Japanese provider of cloud-based solutions that promote digital transformation (DX), has on Friday announced its expansion into larger premises for its Sansan Global Development Center, Inc. in Cebu. It comes as the company nears its 50 software developer milestone, since announcing plans to hire up to 100 earlier this year.

The Asian Development Bank (ADB) has approved three projects totaling $658.8 million to help Pakistan achieve its goal of more inclusive and sustainable growth and development. The projects will focus on improving domestic resource mobilization; rehabilitating schools damaged by the devastating August 2022 floods; and enhancing agricultural productivity to…

Gacha Monsters, a Japan-based entertainment and gaming company developing titles for a new generation of gamers, has on Friday announced the completion of a $3 million seed investment round from Animoca Brands, Infinity Ventures Crypto, FBG, and Big Time Games.

Animoca Brands Corporation Limited, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, has on Friday announced a second tranche of funding of $11.89 million for its non-fungible token (NFT) collection Mocaverse, following a first tranche investment of $20 million announced previously.

Insurers and insurance asset managers are expecting a wave of merger and acquisition (M&A) activity to hit Singapore and Hong Kong in 2024, as the region echoes the wider global industry trend towards consolidation, Clearwater Analytics said Tuesday.

Klook, the Hong Kong-based platform for experiences and travel services, announced Thursday that it has successfully completed a $210 million financing, supporting business growth and fortifying financial stability. The equity round is led by Bessemer Venture Partners, with participation from BPEA EQT, Asia investment funds Atinum Investment and Golden…

The United Kingdom Government has announced an expansion of funding for climate projects, including the UK-IFC Market Accelerator for Green Construction (MAGC) Program, to significantly elevate green construction practices in over 20 emerging and developing economies. This expansion will provide an additional £36 million ($45.15 million) to the program.