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, CenterSquare said in a statement. The first tranche of capital will invest alongside CenterSquare’s...

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 areas including advanced manufacturing, pharmbio/medtech, agrifood tech, sustainability (such as...

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 transformation journeys, the firm said in a statement. It is noted that Indonesia’s financial services...

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 statement, the funding will accelerate fileAI’s mission to enhance its proprietary A...

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. TikTok’s Chinese parent company, ByteDance, must still relinquish part of its U.S. operations...

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 insightful predictions on the trajectory of the tech industry in the coming year. We talked to Chandra...

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 is giving serious consideration to DeepSeek and its model, before it can be adapted for local use to...

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 deploying scalable liquidity solutions through secure chain technologies. This will elevate supply...

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 between the two nations, symbolizing a shared commitment to leverage the power of AI to drive...

Fraudulent claims are increasing yearly, driving up premiums for honest customers and placing operational and financial strain on insurance companies. Businesses must address this growing problem. However, detecting and preventing fraud is challenging without the latest tools. Fraudsters are becoming increasingly sophisticated, leveraging technologies that outsmart traditional systems. One solution is to invest in innovative technologies, such as artificial intelligence (AI). Many companies...

Malaysia’s national applied research and development (R&D) center for technology solutions MIMOS Berhad has partnered blockchain firm Masverse to develop blockchain infrastructure for Malaysia. MIMOS said in a statement on Friday that the duo have officially joined forces by signing a memorandum of understanding (MoU) on January 23 to advance Malaysia’s national blockchain ecosystem, focusing on MasChain, a robust Layer 1 blockchain infrastructure. The collaboration...

Malaysia-headquartered private equity firm Creador has closed its sixth fund at $930 million, exceeding a $750-million target, according to its Founder and Chief Executive Officer. “Yes, correct. We closed sixth fund at $930 million, exceeding a $750-million target,” Brahmal Vasudevan told TNGlobal. According to earlier reports, Creador V was closed above target on $700 million in December 2022. Since its inception, the firm has raised $3.1 billion from a diverse group of...