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ADB, Ayala sign $100M financing deal to support electric mobility in the Philippines
The Asian Development Bank (ADB) has signed a financing package of up to $100 million to support Philippine conglomerate Ayala Corporation’s contributions to the development of an…
Elev8.vc closes $30M deep tech fund to propel innovation in Singapore’s technology ecosystem
Elev8.vc’s new fund is expected to back 20 to 30 high-potential deep tech startups, providing them with both capital and strategic resources to accelerate their growth.
Securities Commission Malaysia launches alternative financing scheme for MSMEs
The Securities Commission Malaysia (SC) has on Monday announced SARANA, an alternative financing scheme offered by nine SC-registered peer-to-peer financing (P2P) platform…
Momentum Works: TikTok Shop U.S. GMV surpasses $9B in 2024
TikTok Shop’s global gross merchandise value (GMV) surged to $33.2 billion in 2024, more than doubling year-over-year, Momentum Works said Monday.
EVM, Solarvest and PECC2 forge strategic partnership to accelerate renewable energy adoption in Vietnam
Vietnam-based Saigon Jim Brother’s Corporation (EVM), Solarvest (Vietnam) Company Limited (Solarvest) and Power Engineering Consulting Joint Stock Company 2 (PECC2) have forged…
Indosat Ooredoo Hutchison & India’s AIonOS Unite to Power Indonesia’s AI Growth Journey
This collaboration aims to leverage AI for advancing Indonesia’s food security, talent development, and tourism.
MYEG partners with MyDigital ID Solutions to set up Malaysia’s blockchain-powered digital identity ecosystem
The MyDigital ID Superapp will provide a seamless, secure, and scalable solution for integrating digital identity management for commercial service providers.
Nestlé Philippines inks partnership with Mober to integrate EV in mid & last-mile delivery
As part of the partnership, Mober will provide electric trucks (e-trucks) to service Nestlé Philippines’ logistics needs across Metro Manila.
How AI combats business insurance fraud
Fraudsters are becoming increasingly sophisticated, leveraging technologies that outsmart traditional systems. One solution is to invest in innovative technologies, such as…
MIMOS partners Masverse to develop blockchain infrastructure for Malaysia
Malaysia's national applied research and development (R&D) center for technology solutions MIMOS Berhad has partnered blockchain firm Masverse to develop blockchain…
Malaysia’s PE firm Creador closes Fund VI at $930 million, says Founder & CEO Brahmal Vasudevan
Since its inception, the firm has raised $3.1 billion from a diverse group of global investors, including prominent corporations, foundations, family offices, and institutions.
How generative AI is revolutionizing creative industries and driving regional transformation in Southeast Asia
As businesses embrace generative AI, they must view the technology as a complement to human creativity, not a replacement. By fostering collaboration between humans and machines,…
Temasek backs Databricks in $15B financing to boost AI globally
Databricks, the global data and artificial intelligence (AI) company, has on Wednesday announced the final closing of its Series J funding.
Hong Leong sees Malaysian government supportive policies to provide competitive advantage in data center amid US AI chip curbs
While the recent US Framework for AI Diffusion presents a dent to Malaysia’s booming DC space, Hong Leong Investment Bank Research said Wednesday that Malaysian government…
