Singapore

Singtel, Singapore-based communications technology group, and United States-based investment firm KKR have reached a definitive agreement under which a fund managed by KKR will commit up to SGD 1.1 billion ($800 million) for a 20 percent stake in Singtel’s regional data center business.

SMI Vantage Limited, a Singapore-based firm focused on developing new economy businesses, plans to set up its Bitcoin mining business in Malaysia. The firm will begin the process of installing the first of its two containerized mining rigs and expects to commence mining Bitcoin in the third quarter of 2023.

SHEIN, a global, integrated, fashion and lifestyle marketplace , announced Thursday that it is allocating an additional $85 million over five years towards initiatives that support the "Equitable Empowerment" pillar of its evoluSHEIN roadmap. This is in addition to $70 million already committed in April.

Singapore exchange (SGX Group) has partnered American multinational investment company BlackRock to launch $426 million climate action fund for Asia.

AWAK Technologies (AWAK), a Singaporean medical technology company focused on dialysis using regeneration technology for end-stage renal disease, has on Wednesday announced it has successfully raised $20+ million in Series B funding. The round was co-led by venture capital firms Lion X Ventures and Vickers Venture Partners.

Singapore-headquartered private market exchange ADDX said Wednesday that it is looking to expand its private market exchange platform into the Gulf Cooperation Council (GCC) and Middle East/North Africa (MENA) markets in a bid to drive a more efficient allocation of strategic growth capital and bridge the gap between private companies seeking financing and…

Singaporean blockchain firm Zilliqa Group has announced a multi-year strategic alliance with Google Cloud, which will enhance the scalability, resilience, and data availability of the Zilliqa layer 1 blockchain protocol.

The United States International Development Finance Corporation (DFC) has committed to investing $15 million in Wavemaker Impact, a climate-tech venture capital fund based in Singapore that covers Southeast Asia.

The new funds will accelerate the company’s move to amplify its brand presence across Southeast Asia. This includes enhancing its logistics capabilities, refining authentication processes, expanding its slew of in-house collections, and optimising its environmentally-conscious delivery process.

The Land Transport Authority said on Thursday it is looking to change the framework for the taxi and ride-hailing industries. It will focus on availability of supply, resilience and the inclusivity of services, while also looking at matters such as the adoption of clean-energy vehicles.