On location
Maybank expects efficiency gains to accelerate Goto’s profitability
Maybank Investment Bank expects efficiency gains to accelerate the path to profitability of PT GoTo Gojek Tokopedia Tbk (GoTo), and it projects the firm's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of IDR 1.5 trillion in FY25.
Malaysia’s Versa raises $6.79M in Series A funding round led by AHAM Capital
Versa, a Malaysia-based wealth management platform, has completed its Series A funding round led by AHAM Asset Management Berhad (AHAM Capital).
East Ventures-backed Fore Coffee plans IPO for business expansion
PT Fore Kopi Indonesia Tbk (Fore Coffee), a premium affordable Indonesian coffee chain, has on Friday announced its plan to conduct an initial public offering (IPO) on the Indonesia Stock Exchange (IDX).
Vertex Ventures Japan completes first close of $66.95M fund
Vertex Ventures Japan (VVJ) has announced the completion of the first closing of its inaugural fund, Vertex Ventures Japan Fund I (VVJFI), targeting JPY 10 billion ($66.95 million).
RAM: GXBank tops Malaysia’s digital banking customer deposits with $489M for first nine months of 2024
Grab-backed GXBank, topped Malaysia's digital banking customer deposits with MYR 2.16 billion ($489 million) for the first nine months of 2024, RAM Ratings said Friday.
Taiwan’s Hotayi Electronic breaks ground on $113M smart manufacturing facility in Malaysia
Taiwanese electronics manufacturing services company Hotayi Electronic (M) Sdn. Bhd. has broken ground on MYR 500 million ($113 million) smart factory expansion in Malaysia.
VinFast, Amarta ink deal to develop 22 VinFast stores in Indonesia
Vietnamese electric vehicles maker VinFast has signed a memorandum of understanding (MoU) with Indonesian vehicle distributor PT Aribi Amartapura (Amarta) to accelerate the expansion of its showroom network in Indonesia.
Heineken launches global GenAI lab in Singapore
Dutch multinational brewing company the Heineken Company has on Wednesday announced the launch of its first global Generative AI (GenAI) lab in Singapore.
Temu, DLocal team up to expand shoppers payment solution in Africa, Asia, Latin America
Temu, the global e-commerce platform of China’s PDD Holdings, and dLocal, the cross-border payment platform connecting global merchants to emerging markets, have announced a strategic partnership to expand their payments in Africa, Asia, Latin America.
Halogen Capital, Affin partner to offer shariah-compliant Bitcoin fund
Halogen Capital, a Malaysia-based licensed digital asset fund manager, has signed with lender Affin Bank Berhad to distribute their Halogen Shariah Defensive Bitcoin Fund with an integrated capital preservation strategy.
