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Visa launches $100M generative AI ventures initiative
Visa, a global payment firm, has on Monday announced a new $100 million generative artificial intelligence (AI) ventures initiative to invest in the next generation of companies focused on developing generative AI technologies and applications that will impact the future of commerce and payments.
Malaysia launches i-ESG Framework to tap into $12T global market on ESG-focused opportunities
The Ministry of Investment, Trade & Industry (MITI) in Malaysia has on Monday launched the National Industry Environmental, Social and Governance (ESG) Framework (i-ESG Framework) to prepare the nation’s manufacturing sector on embracing ESG principles, and for tapping into a $12-trillion global market on ESG-focused opportunities.
Sustainable Fitch: Asia’s electric vehicle ecosystem to benefit from climate goals and demand growth
Asia’s role as a hub for electric vehicle (EV) manufacturing activity will be supported by regional demand growth for low-emissions transportation, said Sustainable Fitch in a new report on Thursday.
Malaysia’s Teleport and China’s SF Airlines to cross-share logistics network
Teleport, the logistics venture seeded by Malaysian low-cost airline Capital A Berhad, and SF Airlines, China’s largest air cargo carrier by fleet, have signed a bilateral interline partnership to leverage on each other’s extensive air network to better serve their respective customers - Teleport brings to the table deep logistics access into Southeast…
GCash parent Mynt acquires ECPay for $40.6M – report
The acquisition will help GCash improve its services in the fintech space and further democratize financial access, Globe said.
Vietnam’s Green SM reaches six millionth ride
Green SM, the pure electric vehicle ride-hailing service of Vietnam’s Green and Smart Mobility JSC. (GSM) announced last Friday that it has reached the 6 millionth ride after only five months of its market launch.
Malaysia’s Hektar REIT partners GMA Resources for EV charging bays
Hektar Asset Management Sdn. Bhd., the Manager of Hektar Real Estate Investment Trust (Hektar REIT), has partnered with GMAResources Sdn Bhd (GMA) for electric vehicle (EV) charging bays in Malaysia. This initiative involves the installation of 13 Electric Vehicle (EV) charging bays across six shopping malls in Hektar REIT’s portfolio commencing from 1…
A sneak peek into the future of traffic jam reduction
Deep reinforcement learning is expected to advance 80 years of congestion modeling-based research. Scientists demonstrated in what is known as The MegaVander Test that connected autonomous vehicles (AVs) to function as mediators for mixed autonomic transportation with the aim to ease #traffic and conserve #energy.
Singapore’s Vertex Technology Acquisition Corporation to merge with streaming platform 17LIVE Inc
Vertex Technology Acquisition Corporation Ltd (VTAC), a special purpose acquisition company (SPAC) based in Singapore, will buy streaming platform 17LIVE Holding Limited for SGD 925.1 million ($675.35m). The pro forma equity value of the proposed business combination is up to SGD 1,161 million ($847.56m).
Gobi Partners backs Malaysian agritech startup BoomGrow
Asia-focused venture capital firm Gobi Partners is doubling down on its commitment to Environment, Social and Governance (ESG)-friendly investments through its latest strategic funding into Malaysian agritech startup, BoomGrow’s Pre-Series A Funding Round. The investment is made through the Khazanah Nasional Berhad-backed Gobi Dana Impak Ventures (GDIV)…
