Swiss specialty chemicals company Sika has acquired Elmich Pte Ltd, a leading supplier of urban greening systems headquartered in Singapore.
Sika said in a statement on Monday that the acquisition complements its roofing portfolio in the region and strengthens its specification business for commercial and residential projects.
With this acquisition, Sika is gaining a new platform for growth...
Temasek, a global investment company headquartered in Singapore, and CenterSquare Investment Management, a real estate investment managed based in the United States, has on Monday announced the creation of a commercial real estate debt co-investment vehicle.
Once fully funded, the vehicle will have $200 million to deploy and will invest in high-quality subordinate real estate loans,...
SEEDS Capital (SEEDS), the investment arm of Enterprise Singapore (EnterpriseSG), has appointed 20 new local and global partners to co-invest in innovative Singapore-based deep tech startups.
Under the Startup SG Equity scheme 1 , SEEDS will set aside S$150 million ($110 million) over the next three years, to catalyze another S$300 million ($220 million) through its private sector partners, in...
Additiv, a Switzerland-based digital solutions and platforms for the financial services industry, has on Monday announced the opening of its new office in Jakarta, Indonesia, marking the expansion of its Asia Pacific operations.
This strategic move reinforces additiv’s commitment to the region and positions the company to better support financial institutions in their digital...
FileAI, a Singapore-based enterprise artificial intelligence (AI) startup, has on Monday announced it has raised $14 million Series A funding.
This round, led by returning enterprise solution investors Illuminate Financial, Antler Elevate, Insignia, Heinemann Group and others, brings the company’s total funds raised to just over $20 million, fileAI said in a statement.
According to the...
Just 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....
As the year of 2024 comes to an end, we sought insights from prominent figures across the Southeast Asian tech landscape. These leaders reflected on their triumphs throughout the year, sharing valuable perspectives on their achievements and the challenges they overcame. Furthermore, they unveiled their ambitious aspirations, meticulously outlined their strategic plans for 2025, and offered...
The government is studying the impact of China’s open-source artificial intelligence (AI) platform DeepSeek on Malaysia, said Digital Minister Gobind Singh Deo.
DeepSeek is rapidly gaining popularity, and its AI model is reported to rival or exceed the capabilities of established platforms such as OpenAI’s ChatGPT, national news agency Bernama reported.
Gobind said the government...
Singapore-based fintech venture 129Knots has launched with a $10 million investment led by Sing Fuels.
Backed by a $500 million deal pipeline, it is set to revolutionize the industry with its real-world asset origination to distribution (OTD) technology, 129Knots said in a statement on Monday.
According to the statement, the OTD technology will reinvent deep-tier industries by delivering and...
In a collaboration under the visionary Government-to-Government (G2G) initiative between India and Indonesia, Indian AI and data analytics company AIonOS and Indosat Ooredoo Hutchison (Indosat or IOH) have signed a historic Memorandum of Understanding (MoU) to transform Indonesia’s Artificial Intelligence (AI) ecosystem.
The MoU represents the first large-scale AI-focused partnership...
Malaysia-listed digital services company MY E.G. Services Berhad announced a strategic collaboration with MyDigital ID Solutions Sdn Bhd to establish a blockchain-powered national digital identity ecosystem, the MyDigital ID Superapp, marking a major advancement in the battle against online fraud.
This partnership between MYEG’s wholly-owned subsidiary MYEG Alternative Payment Services...
Nestlé Philippines, the world’s largest food & beverage company, has partnered with Mober, a green logistics services in the Philippines, to integrate electric vehicles (EVs) into its mid- and last-mile delivery operations, supporting its goal of achieving net-zero emissions by 2050 and helping meet its environmental, social, and governance (ESG) goals.
As part of the...
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