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Thailand insurance firm Roojai completes DirectAsia acquisition
Roojai, a Thailand-based online insurance company, has on Wednesday announced that it has completed the acquisition of Singapore-based insurance firm DirectAsia group. Roojai has entered into an agreement to acquire DirectAsia group from Hiscox.
Tracxn : SEA tech startups witness lowest quarterly funding in five years
Southeast Asia (SEA) funding has seen a big drop of 74 percent in quarter-on-quarter in the third quarter, making it the lowest funded quarter in the last five years, said Tracxn on Thursday. the SEA tech startup ecosystem raised a total of $835 million in the third quarter, a huge 74 percent drop from $3.2 billion raised in the second quarter of 2023 and a…
The innovative technology behind near-fireproof electric vehicle batteries
The advanced technology in #electricvehicle #batteries, particularly the advances achieved in making them fire-resistant, is a crucial aspect of this revolution. This innovation addresses one of the main issues with lithium-ion batteries, making #EVs safer as well as more environmentally beneficial.
Temasek-backed True Light raises $3.3B to invest in Greater China
Temasek-backed unit True Light Capital Pte. Ltd. (True Light) has on Thursday announced the final closing of its first flagship fund, True Light Fund I. The fund was closed at $3.3 billion, with capital commitments from global investors, including sovereign wealth funds, foundations, financial institutions, and family offices.
Indonesia bans e-commerce transactions on social media platforms such as TikTok – report
The government said the move, which takes effect immediately, is aimed at protecting offline merchants and marketplaces, adding that predatory pricing on social media platforms is threatening small and medium-sized enterprises.
AtoZero Asean 2023 to be held in KLCC, Malaysia from Oct 4-6
AtoZero, or “Accelerate To Net Zero”, is a new series of events bringing together key decision makers and changemakers to comprehensively explore pathways, policies and business opportunities that will catalyse an acceleration of net zero pathways.
Malaysian bourse commences carbon credits trading
Malaysian bourse Bursa Malaysia Berhad announced on Tuesday that its subsidiary Bursa Carbon Exchange (BCX) had commenced trading and facilitation of off-market transactions of carbon credits. By the close of its second day of trading, ten companies from various industries transacted a total of 16,500 Verra-registered carbon credits.
Taiwan’s Foxconn invests in US-based AI firm Kneron’s $49M additional round
Kneron, the San Diego-based full-stack artificial intellingence (AI) company, has on Tuesday announced $49 mlllion in strategic funding from investors including Foxconn, HH-CTBC Partnership (Foxconn Co-GP Fund) and Alltek, bringing its total Series B financing to $97 million. The full round was led by Horizons Ventures, with participation across several…
Philippine AUB expands Alipay+ cross-border digital payments to more than 5,000 merchant stores
Asia United Bank (AUB), a publicly listed universal bank in the Philippines, is enabling more local merchants to accept cross-border digital payments from Hong Kong SAR, South Korea, and Malaysia via Alipay+ and AUB PayMate.
Indonesia may issue regulation on social media e-commerce – report
"What the people are expecting is that the advancement of technology can create new economic potential, not kill existing economies," Jokowi said.
