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...

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 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 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,...

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...

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 (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...

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...

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...

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...

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 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...