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2024-12-23 08:25:52

Analysts foresee increased localization investment in Malaysia’s EV sector next year
Analysts have foreseen increased localization investment from original equipment manufactures (OEMs) in Malaysia electric vehicle (EV) sector next year as incentives for completely built up (CBU) EVs are set to expire. Maybank Investment Bank said in its recent report that it expects to see more EV developments in Malaysia next year. This comes as the import duty and excise duty exemptions...

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2024-11-13 15:16:20

BlackRock, MAS, IFC, MUFG, NEXI, AIA team up to boost decarbonization investment in Asia
BlackRock, Monetary Authority of Singapore (MAS), International Finance Corporation (IFC), Mitsubishi UFJ Financial Group (MUFG), NEXI, and AIA Group have teamed up to boost decarbonization investment in Asia with a focus on Southeast Asia. IFC said in a statement on Tuesday that they have signed an statement of intent (SOI) at the 29th Conference of the Parties (COP29) to the United Nations...

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2024-11-19 02:25:36

China’s BAI Capital bets big on Mexico as US tensions reshape global investment
Emphasizing foresight and resilience, BAI Capital’s Annabelle Yu Long sees Mexico as a powerful frontier for cross-border growth. The recent US election has sent ripples across global markets, illuminating a complex and layered picture of Trump’s base—far from the typical caricature. Beneath their economic grievances lies a more profound cultural and identity-based...

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2024-12-15 09:08:03

Deals in brief: B Capital leads Series A investment in Eureka Robotics, Cove attracts new funding, True Global Ventures backs US-based Prezent, and more
Bringing you the latest updates on funding deals and activities in the Asia Pacific. Eureka Robotics raises USD 10.5 million in Series A funding Singapore-based robotics company Eureka Robotics has raised USD 10.5 million in a Series A funding round led by B Capital, with participation from Airbus Ventures, Maruka Corporation, G K Goh Ventures, UTEC, and ATEQ. The funding will...

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2024-11-18 08:34:03

Deals in brief: Japan’s SmartBank hits first Series B close, Vynn Capital leads investment in DF Auto, latest China deals, and more
Bringing you the latest updates on funding deals and activities in the Asia Pacific. SmartBank brings in JPY 4.08 billion for first Series B close To expand its foothold in personal finance, Tokyo-based SmartBank, the firm behind the expense management app B/43, has raised JPY 2.93 billion (USD 18.7 million) in its Series B funding round’s initial close. The round was led by SMBC-GB...

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2024-11-14 12:23:08

Empyrion Digital makes first data center investment in Thailand
Empyrion Digital, a global next-generation digital infrastructure platform, has announced its strategic expansion into Thailand to develop a minimum 12MW (IT Load) edge co-location data center in Bangkok. This move represents Empyrion Digital’s first major investment in Southeast Asia following its establishment in Singapore in 2021, Empyrion Digital said in a statement on Wednesday....

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2024-12-19 08:18:31

Funding Societies secures $25M investment from Cool Japan Fund
Funding Societies | Modalku, the largest unified small and medium enterprises (SME) digital finance platform in Southeast Asia, has on Thursday announced that it has raised US$25 million in equity investment from Japan’s sovereign wealth fund Cool Japan Fund (CJF). The investment from CJF signifies the fund’s first investment into a Fintech company in Southeast Asia, Funding...

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2024-11-25 05:34:53

Gobi Partners and Cross Capital join forces to boost Japanese investment in Southeast Asia
Gobi Partners, an Asia-focused venture capital firm, has announced a strategic partnership with Japan-based Cross Capital to boost cross-border innovation and enhance the flow of Japanese investments into Southeast Asia’s dynamic startup landscape. This collaboration aims to empower startups and investors with unparalleled access to resources, networks, and opportunities across the...

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2024-11-12 12:10:18

HKMA partners multilateral organizations to enhance strategic partnership for climate investment in Asia
The Hong Kong Monetary Authority (HKMA), has joined hands with multilateral organizations, including the Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and International Finance Corporation (IFC), a member of the World Bank Group, to announce a strategic partnership to enhance strategic partnership for climate investment in Asia. IFC said in a statement on Monday...

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2024-11-28 05:23:33

Hong Kong’s Animoca Brands makes strategic investment in Pudgy Penguins’ parent company Igloo, Inc.
Animoca Brands, the company driving digital property rights, announced Wednesday it has executed a Simple Agreement for Future Equity (SAFE) to make a strategic investment in Igloo, Inc., the parent company of Pudgy Penguins. The investment expresses Animoca Brands’ belief in the transformative power of consumer crypto and its confidence in the growth potential of Pudgy Penguins, one of...

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2024-12-05 14:01:32

Australia and Singapore collaborate to support sustainable infrastructure and decarbonization in Southeast Asia
The Australian government has approved a $50 million investment into the Green Investments partnership (GIP) under Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative. The Monetary Authority of Singapore (MAS) said in a statement on Tuesday that the investment will support clean energy transition and sustainable infrastructure development across Southeast Asia....

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2024-12-18 11:50:11

Swedish FinTech firm Vilja to open an additional development center in Malaysia
Swedish FinTech firm Vilja has announced the opening of a new development center in Kuala Lumpur, Malaysia, which will launch in 2025. The company said in a statement on Monday that it will invest an initial MYR 50 million ($11.18 million) over the first five years. This aligns with the company’s global expansion strategy to drive digital innovation, focusing on artificial intelligence...

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2024-11-20 15:30:06

Temasek-backed 65 Equity Partners acquires 13 percent stake in Chinese cloud platform Tuya
Tuya Inc., a China-based cloud platform service provider, has on Monday announced that a definitive agreement has been entered into in respect of a strategic investment by 65 Equity Partners through its purchase of an approximate 13 percent of Tuya’s total issued shares from New Enterprise Associates (NEA). “This investment via the Anchor Fund aligns strategically with our mandate...

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2024-08-12 07:09:26

The Cost of Acquiring a Grenada Passport: Is It Worth It?
Inside an increasingly co-ordinated globe, getting a pass that gives detailed travel and leisure overall flexibility and additionally international potentials is especially desirable. Any Grenada passport contains come about as a hot determination amidst world wide seniors, delivering a singular arrangement of advantages, through visa-free go to gain access to towards the Joined Declares'E-2...

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