Investments
Temasek reports lower net portfolio value of $285B in FY2023
Singapore investment firm Temasek has reported a net portfolio value (NPV) of SGD 382 billion ($284.61 billion) in financial year ended March 31, 2023 (FY23), a drop of 5.21 percent as compared to SGD 403 billion ($300.26 billion) in FY2022.
LeapFrog Investments plans to commit over $500M to climate solutions in Asia and Africa
Global private investment firm LeapFrog Investments plans to commit $500 million to companies combating climate change in Africa and Asia, providing green tools and technologies to 50 million low-income people.
Sequoia Capital’s China unit sets up office in Singapore – report
HongShan told the FT it had a “strong foundation of trust” with PeakXV and there would be opportunities for both teams to collaborate.
Hong Kong and Saudi Arabia to boost information and technology collaboration
Hong Kong and Saudi Arabia are boosting their information and technology collaboration with the visit of Saudi Minister of Communications and Information Technology (MCIT) Abdullah Al-Swaha and the signing of various agreements on Sunday.
Indonesia’s Baskit secures $3.3M seed round to digitize distribution infrastructure for SMEs
Baskit plans to utilize the newly-raised funds to expedite its tech roadmap and extend its reach within #Indonesia. "Our goal is to harmonize the #supplychain, embracing transformative technologies while respecting traditional norms," says Baskit's CEO, Yann Schuermans. "To achieve this, we are developing cutting-edge tools that will be both functional and…
Kairous Capital to establish Malaysia-China Digital Cooperation Council & development fund to invest in tech sector in both countries
MCDCC also announced the establishment of the Malaysia-China Digital Cooperation & Development Fund to invest up to MYR1 billion ($226.28 million) in digital technology sectors, including digital applications, industrial big data, advanced manufacturing technology, industrial technology, and other sectors in Malaysia and China.
Malaysia secures $38.4B worth of investment commitments from China, PM Anwar says
Other MOUs sealed were between Digital Way Group Sdn Bhd, China Silk Road Group Ltd and China Kairous Capital to jointly establish a Malaysia-China digital and development fund in China and Malaysia.
Petronas plans to expand corporate venture capital arm with up to $200M – report
Malaysia's government has been wanting to boost and support the local startup ecosystem with various initiatives and policies. On Thursday, Malaysia’s sovereign fund Khazanah Nasional Berhad announced the launch of the Future Malaysia Program to support the local start-up ecosystem of entrepreneurs, start-ups, venture capital, and corporate venture programs…
Richard Li’s FWD filing HK IPO application again – report
According to the report, the IPO, whose proceeds will be used to fuel the firm’s growth, could come as soon as in the second quarter depending on market conditions.
Malaysia introduces initiatives to ensure local startups will have access to later stage financing
Anwar said his administration is committed to support high value-add local startups from early stage right up to listing onto Bursa Malaysia (local stock exchange).”
