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Boost-RHB Digital Bank Consortium gets approval to commence operations in Malaysia

Boost, a regional fintech leader, and its consortium partner, RHB Banking Group (RHB), have received official approval from Bank Negara Malaysia (BNM) and the Ministry of Finance (MOF) to commence operations as a digital bank, with effect from January 15, 2024.

green padlock on pink surface

Fostering a living security ecosystem

Organizations and individuals alike need to brace themselves for a new era of threats, which are becoming smarter, quicker, and more coordinated. To combat this, incorporating a comprehensive security solution that provides real-time monitoring and analysis across an organization's entire digital ecosystem is pivotal.

Crypto firm Metalpha invests in digital solutions provider NextGen Digital Venture

Metalpha Technology Holding Limited (Metalpha), a global crypto-based wealth management company, has invested in NextGen Digital Venture Limited (NextGen), strengthening the existing business partnership that provides institutional investors compliant investment channels for exposure to digital assets.

Indonesian AgriTech Semaai raises $4.7M in Pre-Series A funding led by CyberAgent Capital

Semaai, an Indonesian agritech startup, has raised $4.7 million in a mix of equity and debt financing. CyberAgent Capital led this investment round with participation from new investors, namely Sumitomo Corporation Equity Asia, Ruvento, MyAsiaVC and Heracles Ventures.

OneDegree strengthens leadership team with two key appointments

OneDegree Group, a Hong Kong-based insurtech, has made two key appointments on January 1, 2024. Michelle Ip has been appointed Chief Executive officer of OneDegree Global, the group’s technology arm. Meanwhile, Robin Scott has been named General Manager of OneDegree Middle East, the newly established division facilitating the group’s strategic expansion…

Alibaba’s Lazada cuts staff across Southeast Asia; reorganization plan to be announced soon – source

The new reorganisation plan will be announced by Jan 15, sources said.

VinFast to build $500M integrated electric vehicle facility in India

VinFast, Vietnam’s leading electric vehicle (EV) manufacturer, has signed an agreement to build an integrated electric vehicle facility in Tamil Nadu, India. The duo will work toward a total investment of up to $2 billion, with an intended commitment of $500 million for the first phase of the project, spanning five years from the commencement date.

Crunchbase: global startup funding in 2023 clocks in at lowest level in five years

A slower final quarter ended a lackluster year for global startup funding as venture capital investors continued to hold back in 2023, Crunchbase data showed Thursday. Global startup investment in 2023 reached $285 billion — marking a 38 percent decline year over year, down from the $462 billion invested in 2022.

Bain & Company: global healthcare private equity deal reaches $60B in 2023

The healthcare sector continued to be a hub of private equity (PE) deal activity in 2023, reaching $60 billion in announced deal value, despite higher global interest rates, inflationary pressures, and broader geopolitical uncertainty, Bain & Company said Wednesday.

red and yellow robot clock toy

Is the global labor shortage crisis ushering in the golden age of robotics?

Although no one knows exactly when the golden age of #robotics will begin, we can be certain that before that time comes, offices, shopping malls, and even entire cities will need to be redesigned. Everything from workflow processes to space design will need to be reimagined to address the needs of these new "robotic residents."