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Largest Philippine fintech company GCash said to pick banks for IPOGCash, the largest fintech platform in the Philippines, has picked banks to work on an initial public offering (IPO) that could take place this year, Bloomberg reported on Thursday, quoting people familiar with the matter. GCash has selected JPMorgan Chase & Co, Morgan Stanley and UBS Group AG to work on the potential share sale, the people reportedly said. Other banks that may also help...0 Comments 0 Shares 2K Views 0 Reviews
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Maybank : concern raised as Temu may turn aggressive in ASEAN amid US challengesMaybank Investment Bank said Wednesday that the elimination of de minimis exemption by the United States has raised concerns among investors that Chinese e-commerce firm Temu may become aggressive in ASEAN. The research house said in a statement that if Temu turns aggressive in ASEAN, there could be a strong pushback by Singaporean technology firm Shopee. “We don’t rule out it may...0 Comments 0 Shares 475 Views 0 Reviews
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Singtel secures $476M green loan for DC Tuas data center projectSingtel’s regional data center arm, Nxera DCT Pte Ltd., has secured a S$643 million ($476 million) five-year green loan to finance the development of a new 58MW data center in Singapore, DC Tuas. DBS, OCBC, Standard Chartered, HSBC and UOB are financing the loan and have been appointed as green loan coordinators, Singtel said in a statement on Friday. The loan proceeds will go toward...0 Comments 0 Shares 688 Views 0 Reviews
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Southeast Asian organizations are taking a hit from frequent, expensive outages. Here’s how to minimize the impactAs Southeast Asia (SEA) continues to progress towards becoming a trillion-dollar digital economy, organizations across the region face increasing pressure to meet customer expectations for highly available, customer-facing applications and services. Recent tech outages have struck a nerve among businesses, governments, and individuals. With unprecedented and widespread disruptions unleashed...0 Comments 0 Shares 405 Views 0 Reviews
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TikTok’s American reprieve: Byte-sized diplomacyJust weeks ago, it seemed that TikTok’s days on American smartphones were coming to an abrupt end. President Joe Biden’s ban on the platform, ostensibly grounded in national security concerns, had attracted bipartisan support, and even the Supreme Court declined to intervene. In a last-minute twist, however, incoming President Donald Trump stepped in to broker a temporary reprieve....0 Comments 0 Shares 675 Views 0 Reviews
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Tracxn : Southeast Asia’s FinTech funding drops 23 percent in 2024Southeast Asia’s (SEA) Fintech ecosystem witnessed total funding of $1.6 billion in 2024, a 23 percent drop from $2.1 billion in 2023 and a significant 75 percent decrease from$6.3 billion in 2022, Tracxn said Monday. The data platform said in a statement that the funding in 2024 returned to pre-pandemic levels, reflecting challenges posed by macroeconomic conditions, rising interest...0 Comments 0 Shares 2K Views 0 Reviews
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