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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.
Asahi Kasei, Gentari, and JGC team up for green hydrogen production in Malaysia
Gentari Hydrogen Sdn Bhd, a wholly-owned subsidiary of Petronas’ clean energy arm Gentari Sdn Bhd (Gentari), Japanese chemical firm Asahi Kasei and engineering firm JGC Holdings Corporation (JGC) have announced the completion of a detailed feasibility study for production of up to 8,000 tonnes per year of green hydrogen using a 60 megawatt (MW) class…
Thailand’s RISE and Israel’s OurCrowd launch $50M deep tech fund
OurCrowd, an Israel-based digital investment platform, and RISE, a Thailand-based corporate innovation powerhouse, have on Tuesday announced the launch of the $50 million Rise OurCrowd Exponential (ROCX) Fund. The fund will invest in early-stage deep technologies in cybersecurity, artificial intellingece (AI), HealthTech, semiconductors, quantum computing,…
Singapore’s BeeX raises $2M in funding led by Earth Venture Capital, ShipsFocus Ventures
BeeX, a Singapore-based firm in providing autonomous robotics solutions to safeguard underwater infrastructures, has recently closed its $2 million bridge round with oversubscribed. The latest round is co-led by Earth Venture Capital and ShipsFocus Ventures with the participation of SEEDS Capital, NUS Technology Holdings, and Infinita VC.
HSBC partners Antler to support the growth of the next generation of entrepreneurs and startups in Singapore
HSBC Singapore has on Wednesday announced at a partnership with Antler, an active early-stage venture capital (VC) firm, to facilitate the growth of Southeast Asian innovation companies and entrepreneurs based in Singapore. This collaboration aims to provide startups and founders that are a part of Antler’s network access to financial expertise and banking…
Sea Limited posts unexpected net loss of $144M in third quarter despite revenue rises
Singapore-based tech conglomerate Sea Limited has posted a total net loss of $144 million in the third quarter, as compared to total net loss of $569.3 million for the third quarter of 2022. The year-on-year improvement of losses was mainly due to higher interest income in the third quarter of 2023.
Unlocking the industrial metaverse: A blueprint for success
Most #metaverse conversations are predominantly consumer-focused and for a good reason. There has been significant buzz around brands and celebrities hosting experiences such as concerts, gaming sessions, and even theme parks in the metaverse, which builds familiarity among the public. However, we believe that there are three iterations of the metaverse –…
Singapore cryptocurrency exchange firm Crypto.com gets Dubai license
Singapore cryptocurrency exchange firm Crypto.com announced Tuesday that its Dubai entity, CRO DAX Middle East FZE, has been granted a Virtual Assets Service Provider (VASP) license for specified virtual asset service activities by Dubai’s Virtual Assets Regulatory Authority (VARA).
