Singapore
Singapore RE specialist Clean Kinetics raises $3.34M in Series A round
Hong Kong-based renewable energy (RE) specialist Clean Kinetics has announced it has raised S$4.3 million in a Series A funding round to drive its asset development and international expansion plans in the renewables infrastructure space.
NASDAQ-listed Grab denies reports of talks with Indonesia’s GoTo for a potential deal
Grab has held on-and-off talks with GoTo for years, according to earlier media reports. But a merger never materialized, partially due to antitrust concerns likely to arise from combining Southeast Asia’s two dominant ride-hailing and food-delivery groups.
Singaporeans open to using AI for personal finance, but call for regulation and transparency: MDRT survey
Singaporeans are increasingly embracing artificial intelligence (AI) in managing their personal finance, with a recent MDRT survey revealing that four in five (81 percent) are already using AI tools to take control of their money.
MAS clarifies regulatory regime for digital token service providers
The Monetary Authority of Singapore (MAS) has on last Friday clarified the applicable scope for its digital token service providers (DTSPs) regime.
Atome secures $75M asset-backed facility from Lending Ark to expand financial access in the Philippines
Atome, Singapore-based buy now pay later (BNPL) provider and part of Advance Intelligence Group, announced Monday that it has secured a $75 million asset-backed financing facility from Lending Ark, to accelerate financial inclusion in the Philippines.
Temasek’s ClavystBio, Lightstone Ventures back Allay Therapeutics’ $57.5M Series D financing
Allay Therapeutics, a clinical-stage biotechnology company, announced last Thursday the completion of a $57.5 million Series D financing round with leading global investors.
Temasek announces Teo Chee Hean to succeed Lim Boon Heng as new Chairman
Singapore's state investment firm Temasek Holdings has announced that former minister Teo Chee Hean will join its Board of Directors as Deputy Chairman on July 1, and succeed Lim Boon Heng, to become its fifth Chairman, on October 9, after the conclusion of its third-quarter board meeting this year.
Indonesia’s wealth fund Danantara weighs role in $7B Grab-GoTo deal – report
Danantara has started preliminary discussions with GoTo to acquire a minority stake in a combined entity, according to people familiar with the matter, the report said.
DBS, UOB fund $413M data center campus by DayOne-INA in Indonesia
As part of ongoing efforts to expand Southeast Asia’s digital infrastructure, DBS and UOB have jointly provided a landmark IDR 6.7 trillion ($413 million) loan facility to finance the development of a new data centre campus in Batam, Indonesia.
Singapore’s TOPPAN Security acquires Thailand’s smart card solutions provider dzcard
TOPPAN Security, a Singapore-based secure identity and payment solutions provider, announced Wednesday that it has entered into a definitive agreement to acquire dzcard Group, a Thailand-based provider of smart card solutions and personalization services.
