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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.
December 6, 2023
Features,News,Indonesia,eCommerce,Social Media
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.
December 6, 2023
News,Asia,Mergers and Acquisitions
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).
December 5, 2023
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.
December 5, 2023
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.
December 5, 2023
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.
December 5, 2023
Singapore’s Circulate Capital announces final close of $73M climate tech fund
Circulate Capital, a Singapore-based environmental impact investor advancing the circular economy for plastics in high-growth markets, announced Tuesday the final close of the Circulate Capital Ocean Fund I-B (CCOF I-B), bringing the fund’s total asset under management (AUM) to $73 million and the firm’s total AUM to $255 million.
December 5, 2023
Bursa Carbon Exchange inks deal with Gold Standard to grow Malaysia’s voluntary carbon market
Bursa Carbon Exchange (BCX), a wholly-owned subsidiary of Bursa Malaysia Berhad, and Gold Standard, a leading impact standards, have on Monday signed a memorandum of understanding (MOU) with the aim to further develop and grow the voluntary carbon market landscape in Malaysia.
December 5, 2023
News,SEA,Sustainability,Singapore,Venture Capital
Climate tech venture builder Wavemaker Impact closes first fund at $60M
Wavemaker Impact (WMI), a Southeast Asia’s climate tech venture builder, has announced the final close of its debut fund dedicated to driving large-scale decarbonization efforts in the region. The first fund hit its $60 million hard cap, surpassing its initial $25 million target by 2.5 times.
December 5, 2023
Malaysian Stock Exchange to launch platform for mandatory ESG reporting
Bursa Malaysia Securities Berhad (Bursa Malaysia) is set to unveil the Bursa Malaysia ESG Reporting Platform on Monday. This platform will act as a repository for disclosures conforming to the prescribed format mandated under Bursa Malaysia’s enhanced sustainability reporting requirements within the main market listing requirements and ACE market listing…
December 5, 2023