Investments

Under the terms of the agreement, CPP Investments and GIC will each control a 37.5 percent equity interest in the joint venture, and Equinix will own a 25 percent equity interest. Each party has made equity commitments, and the joint venture also expects to take on debt to raise the total pool of investable capital to more than $15 billion over time.

The company is addressing issues faced by utilities companies in markets such as Singapore, where approximately seven in 10 employers in the ‘Energy & Utilities’ sector have reported difficulties finding and hiring skilled talent.

The surge in electricity demand is outrunning the available power supply in many parts of the world, leading to growing concerns of outages and price increases for the most data center dense regions, Bloomberg reported.

The financing will accelerate Blackpanda's expansion across Asia.

This fund will target promising projects built on the Aptos platform by providing resources for the development of critical Web3 use cases that utilize Aptos' infrastructure, innovations such as Block-STM, and seamless interoperability with key EVM ecosystems.

With this round of financing, CarbonEthics will enhance its portfolio by securing additional carbon projects and recruiting top-tier technical experts to better serve the needs of its clients.

SDAX, Singapore’s Digital Asset Exchange, has announced on Tuesday the closing of its $50 million Series B2 funding round led by the Oman-based Muscat Precious Metals Refining Company LLC (MPMR).

Malaysia's six government-linked investment companies (GLICs) will commit to MYR 120 billion ($26.92 billion) domestic investment to boost economic growth in the country under the government-led program.

The panelists shared their views on the most promising sectors in Southeast Asia, the future development of the tech ecosystem, among others. These investors also shared their views on several issues related to the tech ecosystem in Southeast Asia from a foreign investor's and a regional investor's point of view.

According to Maybank IBG Research, the broadening global electronics demand, spurred by the AI boom, has supported a modest economic recovery in the first half of 2024 and is brightening the second half outlook for the ASEAN-6 markets (Malaysia, Singapore, Thailand,Indonesia, Vietnam and the Philippines).