Latest news and trends about tech
Apple close to deal to lift Indonesian iPhone ban, minister says – report
The company has been in discussions with the government over an investment package that would lift the restrictions.
Indonesia’s eFishery unicorn allegedly faked most of its sales – report
The allegations of fraud may be damaging for Indonesia’s startup scene, and come at a critical time as young companies and investors in the country struggle to raise new funding. eFishery was the nation’s latest so-called unicorn, or a startup valued at more than $1 billion, Bloomberg added.
Singapore’s Crypto.com launches new exchange in the United States
Singapore-based cryptocurrency exchange company Crypto.com has announced the launch of the Crypto.com Exchange, Crypto.com’s institutional-grade offering, in the United States.
Malaysia’s FashionValet founders claim trial to alternative charges of fund misappropriation – report
They are accused of jointly and dishonestly misappropriating MYR8 million of FashionValet’s investment funds from Khazanah and PNB, at Public Bank Berhad, Bukit Damansara Branch, 36-40 Medan Setia 2, Plaza Damansara, Bukit Damansara, on Aug 21, 2018.
Dtcpay collaborates with BNB Chain to accelerate real-world utility for stable coin payments
Singapore-based digital payments platform dtcpay has teamed up with BNB Chain, the community-driven blockchain ecosystem that includes the world’s largest smart contract blockchain by daily transactions, to accelerate the real-world utility of stable coins.
Indonesia antitrust agency fines Google $12.4M for unfair business practices – report
The agency launched an investigation into Alphabet Inc's Google in 2022 on suspicion it had abused its dominant position by requiring Indonesian app developers to use Google Play Billing, at higher rates than other payment systems, or face removal from the Google Play Store, according to the report.
Singapore’s CYFIRMA secures funding from MDI Ventures to enhance SEA’s cyber security
CYFIRMA, a Singapore-based cybersecurity company, has secured funding from Indonesian venture capital firm MDI Ventures to enhance Southeast East Asia (SEA)’s cyber security.
Alibaba Cloud announces latest AI models, tools & infrastructure available to drive more efficient global AI community
These advancements aim to empower developers worldwide to build innovative AI applications more cost-effectively and drive a thriving global generative AI community.
SUSI Partners raises $139M from BII, FMO for Southeast Asia renewable assets
Swiss fund manager SUSI Partners has raised $139 million additional investor capital for its Southeast Asia-focused strategy, increasing its total size to $259 million.
IFC invests $130M in Asialink to boost small-business lending in the Philippines
In line with its goal to ramp up financial inclusion in the Philippines, the International Finance Corporation (IFC) announced Tuesday it will provide up to $130 million in investment to Asialink Finance Corporation (AFC).
