Causes
Proptech firm MilikiRumah launches maiden private equity fundraise of $50M
MilikiRumah, a Singapore and Indonesia social impact PropTech firm and participating general partner and manager, announced Monday the maiden private equity fundraise of $50 million for its inaugural MilikiRumah Rent-To-Own Fund 1 with a first close of $10 million.
The firm said in a statement that backed by regulated asset management institutions Ruifeng Wealth Management, Tembusu Partners and Trigger Asset Management, MilikiRumah is founded by former PropertyGuru executives Winston Lee and...
Why organizations must rethink energy use for a more sustainable AI future
Singapore’s rapid adoption of AI technologies is driving significant advancements across various sectors, from healthcare to urban planning. However, this surge in AI usage also brings about increased energy consumption, posing a challenge to sustainability goals. As a global leader in AI innovation, Singapore is committed to balancing technological progress with environmental stewardship.
Many enterprises are focused on sustainability and have committed to becoming carbon neutral by...
Malaysia, Japan seal $310M in green bioeconomy
Malaysia and Japan have marked a new milestone in green bioeconomy cooperation with the signing of three strategic agreements worth MYR 1.34 billion ($310 million) at Expo 2025 Osaka.
Malaysian Bioeconomy Development Corporation Sdn Bhd, an agency under the Ministry of Science, Technology and Innovation (MOSTI), said in a statement that the agreements marked a significant step forward in advancing joint efforts by both nations to drive the low-carbon and bio-based economy agenda, in line...
UOB Malaysia and Bursa Malaysia collaborate to support SMEs on decarbonization journey
UOB Malaysia announced Thursday a collaboration with Bursa Malaysia Berhad to facilitate small and medium-sized enterprises (SMEs) in adopting sustainability practices and advancing their decarbonization journey.
The duo said in a statement that the collaboration is central to the Bank’s newly expanded Sustainability Accelerator Program 2.0 (SAP 2.0).
First launched in October 2023, SAP 1.0 was designed to equip SMEs with foundational knowledge to kick-start their environmental,...
Singapore’s VFlowTech secures $20.5M in fundraising led by Granite Asia
VFlowTech, a Singapore-based energy storage solutions firm, has successfully raised $20.5 million in its latest funding round.
The firm said in a statement on Wednesday that the investment was led by prominent venture capital firm Granite Asia, joined by new investors Antares Ventures, EDBI, MOL PLUS and PSA Ventures and alongside existing backers İnci Holding, UntroD Capital, Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First.
This funding will enable VFlowTech to...
Gentari inks deal to power TM’s key operations with solar energy
Malaysian clean energy solutions provider Gentari, through its wholly-owned subsidiary Gentari Renewables Sdn Bhd, has signed landmark Solar Power Purchase Agreements (PPA) with telecommunications company Telekom Malaysia (TM) to power six key TM facilities with solar energy.
Gentari said in a statement on last Thursday that these PPAs are part of an ongoing collaboration between TM and Petroliam Nasional Berhad (Petronas) which recently expanded into a new tripartite memorandum of...
AC Ventures strengthens gender-smart climate investing strategy through IFC’s We Fund Climate program
AC Ventures (ACV), an Indonesia-based investment firm, has deepened its commitment to inclusive climate innovation through active participation in the We Fund Climate program by the International Finance Corporation (IFC).
ACV said in a statement on Wednesday that the firm has co-developed a Gender Smart Climate Commitment and Action Plan to embed gender equity into its climate investment strategy.
As a member of the We Fund Climate cohort, ACV is co-developing a Gender Smart Climate...
Indonesia’s Arysun secures $575,000 Pre-Seed funding to accelerate solar adoption in Southeast Asia
Arysun, an Indonesia-based climate-tech startup, has raised $575,000 in pre-Seed funding led by Wavemaker Impact, with additional participation from the First Move Fund.
Arysun said in a statement on Wednesday that the funding will fast-track its efforts to provide affordable, user-friendly solar solutions for middle-income households across Southeast Asia.
The pre-Seed funding will allow the firm to expand its founding team, accelerate solar installations in Indonesia, which is the...
SEA-6 green investments rise 43 percent year on year to $8 billion, led by solar and waste management
Southeast Asia-6 (SEA-6) – Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam – saw a notable 43 percent spike in private green investments to $8 billion in 2024 compared to the previous year, with Malaysia and Singapore contributing over 60 percent of deals, a report showed Tuesday.
According to the latest Southeast Asia’s Green Economy report by Bain and Company, GenZero, Google, Standard Chartered and Temasek, power continues to holdtwo-thirds share...
UNDP, Trigger team up to support Singapore startups with smarter investment
The United Nations Development Program (UNDP) and Trigger Asset Management (Trigger) have launched a partnership aimed at unlocking capital and strengthening support for startups and businesses advancing the Sustainable Development Goals (SDGs).
This collaboration brings together UNDP’s global innovation and finance expertise with Trigger’s strength in sustainable and scalable investment solutions, the duo said in a statement on Tuesday.
Led by UNDP’s Alternative Finance...
Asia and the Pacific needs grid upgrade to drive energy transition, says ADB report
Inadequate investment in power grids is holding back developing countries in Asia and the Pacific from embracing the full benefits of an energy transition, including enhanced energy security, the creation of millions of green jobs, and the expansion of electricity access, the Asian Development Bank (ADB) said in its new report.
ADB said in a statement on Monday that the bank calls for the urgent expansion of interconnected and modernized grids—both to keep up with rising energy demand...
MVGX, BDO team up to launch AI-powered ESG platform to transform sustainability reporting in Indonesia
MVGX Tech Pte Ltd (MVGX), the sustainability partner of BDO in Indonesia, and BDO in Indonesia, the country’s accounting and advisory firms, have announced the expansion of their commercial partnership with the launch of a proprietary artificial intelligence (AI)-powered sustainability reporting platform.
This latest collaboration builds on the partnership between the two companies, first established in September 2023, to provide decarbonization solutions for Indonesian businesses...
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Malaysia’s Proton begins construction of new EV plant in Tanjung Malim
Malaysia’s national automaker Proton has on Friday taken the next step to achieving its...
Life Science Incubator unveils Singapore’s largest co-working laboratory at Elementum
Life Science Incubator (LSI) has officially launched the largest co-working laboratory in...
CelcomDigi, Ericsson team up to enhance customer experience through AI-driven autonomous network
Malaysian telecommunications firm CelcomDigi Berhad and Ericsson (Malaysia) Sdn Bhd have signed a...
From scheduling to strategy, here’s how AI assistants are changing the game
Artificial intelligence (AI) technologies have a growing influence on the future of work....
US-based Electra bags $186M Series B funding round co-led by Capricorn Investment Group, Temasek
Electra, a clean iron company, announced Thursday its $186 million Series B funding round, co-led...