SEA

While there have been numerous media reports in the past weeks of a potential merger between Grab and GoTo, Maybank Investment Bank opined that acquisition of Gojek would be the most favorable scenario for Grab, leading to maximum synergies while preserving balance sheet strength.

Nexus Global Payments (NGP) has on Thursday announced that it has been formally incorporated as a company limited by guarantee in Singapore to operationalize and manage the Nexus scheme for enabling safe and instant cross-border payments at scale.

Southeast Asian car e-commerce platform Carsome Group Inc. has on Thursday announced a multi-year collaboration with Google Cloud, and Searce to fuel its continued expansion and growth in the markets where it operates.

Pentagreen Capital and British International Investment (BII) have announced a joint financing of $80 million to accelerate the rollout of utility-scale solar and battery storage projects across Southeast Asia in collaboration with leading international renewable energy development platform ib vogt Singapore Pte. Ltd. (ib vogt).

Granite Asia, a multi-asset investment platform focused on technology, and Integral Corporation, Japan’s publicly listed private equity firm, have announced the formation of Granite-Integral, a joint venture designed to invest in high-growth companies with a strong Japan nexus.

Grab Malaysia said it recognises the government’s holistic approach to fostering inclusive economic growth by driving digitalisation to empowering MSMEs.

Malaysian telecommunications firm Axiata Group Berhad and Indonesian conglomerate Sinar Mas said shareholders of PT XL Axiata Tbk, PT Smartfren Telecom Tbk, and PT Smart Telcom have formally approved the merger of the three companies into XLSMART.

Association of Southeast Asian Nations (ASEAN+), which includes Indonesia, Singapore, Thailand, Malaysia, Philippines, Hong Kong and Taiwan, leads in hybrid artificial intelligence (AI) adoption at 68 percent, surpassing global and Asia Pacific (AP), Lenovo study showed Wednesday.

Many of those projects are built without clear customers in mind, Tsai told the HSBC Global Investment Summit in Hong Kong on Tuesday.

Deemples, a Malaysia-based golf platform and mobile app, has officially launched in Thailand - the region’s golf tourism hub that is dubbed the Golf Capital of Asia, after raising its $2 million funding last year.