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Temasek-backed SeaTown invests $89M in healthcare firm AddVita

Temasek-based investment firm SeaTown Holdings International announced Wednesday its investment via SeaTown Private Capital Master Fund (SeaTown PCap Fund) in AddVita, a Singapore headquartered healthcare and life sciences distribution company.

Rabbit Care acquires GluayGluay.com to expand to insurance brokerage market

Rabbit Care, Thailand’s direct-to-consumer insurance comparison platform and a subsidiary of BTS Group, has acquired GluayGluay.com, one of Thailand’s digital motor insurance brokerages, cementing its leadership as the top consolidator in Thailand’s fragmented insurance broker market.

Malakoff partners HICOM Automotive for solar project in Malaysia

Malaysia's energy and environmental solutions firm Malakoff Corporation Berhad has partnered premium vehicles manufacturer HICOM Automotive Manufacturers (Malaysia) Sdn. Bhd. for a solar project in the country.

Maybank sees Indonesia’s new logistic regulation to benefit third-party players

Maybank Investment Bank said Wednesday that Indonesia's new logistics rules to benefit third-party logistic providers.

Singapore’s Quantified Energy secures Series A funding led by Vertex Ventures Southeast Asia & India

Quantified Energy (QE), a Singapore-based deep-tech company, announced its Series A fundraise led by Vertex Ventures Southeast Asia & India on Tuesday.

StraitsX partners Ripple to launch XSGD Stablecoin on the XRP Ledger

StraitsX, a Singapore-based digital payment infrastructure provider, announced Tuesday the launch of its Singapore dollar-backed stablecoin, XSGD, on the XRP Ledger (XRPL), a decentralized layer-1 blockchain.

Singapore’s Investigate VC launches $500M global fund series

Investigate VC, a Singapore-based early-stage venture capital firm focused on high-growth startups with defensible network effects, has announced the launch of its new fund series - Fund 2 (I-III).

Vietnam’s FPT, China’s Sunline form strategic partnership to accelerating digital transformation in banking sector

Vietnam-based information technology (IT) firm FPT Corporation has signed a strategic partnership agreement with China-based banking solutions and services provider Sunline to accelerating digital transformation in banking sector.

NAPAS partners Mastercard to launch Vietnam’s first co-badged card across six banks

The National Payment Corporation of Vietnam (NAPAS), in collaboration with global payment technology company Mastercard, officially announces the launch of Vietnam’s first co-badged card with six leading banks: Agribank, BIDV, TPBank, Nam A Bank, PVcomBank and Vikki.

Hong Kong’s PHASE Scientific raises $34M Series A round to advance urine-based diagnostic technology for early disease detection

PHASE Scientific International Limited, a Hong Kong-based biotechnology company, announced Tuesday the successful completion of a $34 million Series A funding round.