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AirAsia Cambodia partners Oriental Bank to offer innovative payment solutions for flight bookings

AirAsia Cambodia has on Thursday announced a strategic partnership with Oriental Bank Plc, a digital banking institution in the country, to offer innovative payment solutions for flight bookings tailored to the needs of Cambodian guests.

East Ventures and SV Investment announce the $100M dedicated fund for Southeast Asia

East Ventures, an Indonesia-based venture capital firm, and SV Investment, a South Korea-based venture capital and private equity firm firm, have on Friday announced the $100 million dedicated fund for Southeast Asia. This fund aims to open the investment corridor between the Southeast Asian and Korean venture ecosystem, including capital investment,…

Vietnam’s VinFast net loss increases despite rising revenues

Vingroup JSC automaker arm VinFast Auto Ltd, has reported higher net loss in the third quarter despite rising revenues. The firm's net loss for the quarter stood at $622.9 million, representing an increase of 33.7 percent from the third quarter of 2022 and an increase of 19.7 percent from the second quarter of 2023.

Aampe secures $7.5M in funding led by Matrix Partners India, Peak XV Partners

Aampe, an artificial intelligence (AI)-native user engagement platform, has on Thursday announced a $7.5 million Pre-Series A funding round led by Matrix Partners India and Peak XV Partners (formerly Sequoia Capital India & SEA). The new capital will support product development and fuel growth as the company continues its rapid global expansion.

Avnet appoints master distributor of Kerlink to advance IoT strategy across Asia Pacific

Global technology distributor and solutions provider Avnet has recently signed a contract with Kerlink, a provider of internet of things (IoT) solutions based in France, formalizing its role as master distributor of Kerlink's LoRaWAN gateway products and associated software services in Asia Pacific.

Malaysian Central Bank to finalize DITO Framework in first half of 2024

Malaysian Central Bank said Thursday that it will be refining several aspects of the Digital Insurers and Takaful Operators (DITO) Framework. Bank Negara Malaysia plans to finalize the framework by the first half of 2024.

Earth Venture Capital backs Treetoscope in the $7M seed funding round

Israel-based irrigation management platform TreetoScope has closed its seed funding round invested by Israeli Champel Capital, Earth Venture Capital, SeedIL, and other strategic investors. The funding will empower the startup to aid with R&D, fuel overall growth, and accelerate commercial agriculture expansion in North America and beyond.

Telstra International strengthens global managed cyber security services with new center in Manila

Telstra International, the global arm of leading telecommunications and technology company Telstra, has on Thursday opened the doors to its new Telstra Security Service Centre (TSSC) in Manila, Philippines, to enhance its capabilities and coverage of managed cyber security services for its customers globally.

Adobe report finds Singapore firms lagging behind generative AI adoption

Adobe report finds Singapore firms lagging behind generative AI adoption. Brands in Singapore are prioritizing customer experiences to drive growth, but are challenged by reduced budgets.

Hong Kong Web3 fund CMCC Global launches $100M in first close

CMCC Global, a Hong Kong based Web3 and blockchain fintech fund, has launched a $100 million new venture capital fund that will empower entrepreneurs in Hong Kong and beyond to build innovative Web3 companies.