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Asia fintech scene gives VC investors confidence about their profits

Venture capital investors aim to protect their investments for a duration ranging from 3 to 10 years. The sooner they invest, the longer they have to wait for a return on their investment. The current investment sentiment in Asia seems to suggest that investors believe this market carries fewer long-term risks compared to other regions. As such, investing…

YouTrip teams up with Google Pay to make payments seamless

YouTrip, Singapore’s multi-currency e-wallet, has on Wednesday announced its integration with Google Pay, enabling Android users the convenience to make secure and effortless payments. This integration marks another significant milestone in YouTrip's journey to empower users with a more seamless, and smarter experience across different payment options…

MAS launches coalition; announces pilots to develop transition credits for early retirement of Asia’s coal plants

The Monetary Authority of Singapore (MAS) has on Tuesday announced the launch of the Transition Credits Coalition (TRACTION) and two pilot projects to test the use of high-integrity transition credits in transactions for the early retirement of coal-fired power plants (CFPPs).

Malaysia launches Sustainable Energy Development prospectus paper to advance energy transition

Malaysia has launched the Sustainable Energy Development prospectus in an effort to showcase Malaysia’s strategic intent in “Advancing Just Energy Transition” at the 28th Conference of the Parties to the UNFCC (COP28) at Dubai Expo City, emphasizing its commitment to climate action on a global stage.

ADB, GEAPP and MAS to establish $2B blended finance fund for energy transition in Asia

The Asian Development Bank (ADB), Global Energy Alliance for People and Planet (GEAPP) and the Monetary Authority of Singapore (MAS) have on Tuesday announced their intent to establish a $2 billion blended finance partnership to accelerate energy transition at scale in Asia.

ByteDance’s TikTok strikes deal with GoTo to save Indonesian TikTok Shop – report

Tik Tok is said to have agreed broadly to work with GoTo’s Tokopedia across several areas rather than compete directly with the Indonesian platform.

SoftBank buys 51 percent stake in car software firm Cubic Telekom for $512M

Japanese telecommunications and information technology (IT) firm SoftBank Corp. has inked deal to acquire 51 percent stake in Dublin-based car software firm Cubic Telekom Ltd. for approximately EUR 473 million ($512 million).

Queensland Investment Corporation sets up Singapore office to boost partnerships across Asia

Queensland government-owned investment firm Queensland Investment Corporation (QIC) has expanded its international presence with a new Singapore office established to support a greater focus on Asian-based institutional investors.

Bursa Carbon Exchange inks deals with Sarawak Energy, Hydropower Sustainability Alliance, I-REC for renewable energy certificates

Bursa Carbon Exchange (BCX), a wholly-owned subsidiary of Bursa Malaysia Berhad, has on Monday signed a Memorandum of Collaboration (MOC) with Sarawak Energy Berhad, Hydropower Sustainability Alliance and the I-REC Standard Foundation (I-REC) for future offering of renewable energy certificates.

OCBC partners fintech firm MOBY to provide more payment collection options for micro merchants

OCBC Bank (Malaysia) Berhad (OCBC Bank) is collaborating with Malaysian fintech firm MOBY Group (MOBY) to enable small and micro merchants with pop up stores or kiosks to widen their payment collections beyond QR pay and cash.