Vertical
UAE mobility and logistics startup Wize raises $16 million in pre-Seed round
Wize, a Dubai-based startup providing sustainable solutions for last-mile delivery, has raised $16 million in a pre-Seed funding round co-led by Mena-focused angel investors. The funds will be spent to enhance the company's presence in the United Arab Emirates (UAE) market, further product development and explore new partnership opportunities in the Middle…
Singapore’s StraitsX gets approval to issue single-currency pegged stablecoins
Singapore-based digital asset platform StraitsX has received in-principle approval (IPA) from the Monetary Authority of Singapore (MAS) as major oayment institutions licensed for digital payment token services, for the purpose of issuing XSGD and XUSD respectively.
Indonesia’s VC deal value expected to decline 70-80% in 2023, says report
Despite a degree of cautious optimism, Indonesia's venture capital deal value is expected to decline 70 percent to 80 percent in 2023, according to a report revealed by Indonesia-based venture capital firm AC Ventures and global consultancy Bain & Company on Wednesday.
Antler strengthens team with key hires to drive strategic investments in Southeast Asia
Antler, a Singapore-based global early-stage venture capital firm, has announced a trio of significant appointments - Shao-Ning Huang and Lorenzo Peracchione as Venture Partners, and Tudor Coman as Investment Director.
MAS partners industry to develop generative AI risk framework for the financial sector
The Monetary Authority of Singapore (MAS) has on Wednesday announced the successful conclusion of phase one of Project MindForge1 which seeks to develop a risk framework for the use of Generative Artificial Intelligence (GenAI) for the financial sector.
MYEG and Yayasan Chow Kit join hands to prepare youth for the Web3 era
MY E.G. Services Berhad (MYEG), a e-government service provider in Malaysia, has partnered with non-profit organization Yayasan Chow Kit (YCK) to foster digital inclusivity for marginalized youth in and around Chow Kit area in Kuala Lumpur.
US silicon battery company Enovix builds $1.2B high-volume manufacturing facility in Malaysia
Enovix Corporation, an advanced silicon battery company, will invest MYR 5.8 billion ($1.23 billion) to establish its first high-volume manufacturing facility (Fab2) in Malaysia. Further to the initial announcement in August 2023, the firm will invest over a period of 15 years, which includes the first manufacturing line amounting to MYR 315 million ($70…
Malaysian government and Google announce strategic collaboration
The government of Malaysia and global tech giant Google have on Thursday announced a strategic collaboration to create inclusive growth opportunities for more Malaysians and homegrown companies in the fast-growing digital economy.
MAS partners financial industry to expand asset tokenization initiatives
The Monetary Authority of Singapore (MAS) has on Wednesday announced that it is working with the financial industry to expand asset tokenization initiatives and develop foundational capabilities to scale tokenized markets. These developments under Project Guardian will catalyze the institutional adoption of digital assets, with the aim of freeing up…
Ant Group Digital Technologies says its international business operation increases 300% in the past year
Ant Group Digital Technologies announced that its revenue from its international business operation has increased by 300 percent in the past year, with key markets including Malaysia, Indonesia, the Philippines and other emerging economies.
