Malaysia’s Ministry of Science, Technology, and Innovation (Mosti) plans to push emerging technology and promote Science, Technology, Engineering, and Mathematics (STEM) education within the framework of Budget 2024. Minister Chang Lih Kang has outlined these focus areas in Mosti’s budgetary proposals. The initiative signaled Mosti’s plans to support innovation and technological advancement within Malaysia, particularly […]

Malaysian recommerce platform, CompAsia, has secured series A funding in a round led by Gobi Partners, a Pan-Asian venture capital firm. The exact amount of funding remains undisclosed. The funding injection will support CompAsia’s ambition to expand its presence in Asia.  CompAsia specializes in creating an integrated platform that facilitates the trading and purchasing of […]

The Radical Fund, a climate-focused early-stage investor headquartered in Bangkok, has successfully achieved the first close of its climate tech fund, raising an initial amount of US$40 million. The fund is specifically targeted at supporting early-stage startups in the Southeast Asia (SEA) region that are dedicated to addressing climate-related challenges. The Radical Fund operates under […]

Bain & Company, a prominent global management consulting firm, has revealed its plans to acquire the Asia-Pacific division of Rainmaking, a renowned venture-building and startup development studio. The acquisition will support businesses throughout the region in enhancing their innovation capabilities and successfully launching and expanding new ventures. The specific terms and details of the deal […]

Former executives of Fave, Joel Neoh and Audra Pakalnyte, have joined forces to launch First Move, an early-stage fund specifically focused on supporting startups that cater to consumers in Southeast Asia.  First Move has a backing of venture capital firm 500 Global and in collaboration with the Consumer Tech Angel Syndicate, a close-knit group of […]

Singapore-based biofuel startup Apeiron Bioenergy has successfully raised S$50 million (US$37 million) through the issuance of a five-year senior unsecured green bond. This funding marks the first-ever bioenergy-focused SGD bond offering in Asia and has attracted substantial interest from institutional and strategic investors, leading to oversubscription. The recent funding round of Apeiron Bioenergy was led […]

The Malaysian Economy Minister, Rafizi Ramli, has announced that the government plans to reform the country’s startup ecosystem. A proposal outlining these reforms will be presented to the Digital Economy Council by the end of July. The minister explained how the government will focus on enhancing funding and investment opportunities, particularly at the seed and […]

edotco Group, one of Asia’s leading integrated telecommunications infrastructure companies, reiterated its commitment to enhancing equitable connectivity in Asia. The group seeks to achieve its goal by expanding its operations and leveraging its pioneering Network and Planning Analytics (NaPA) and Digital Twin tools to facilitate the impending 5G rollouts in its nine markets. The company […]

Malaysia’s edotco Group, one of Asia’s leading integrated telecommunications infrastructure services firms, announced its acquisition of approximately 1,000 towers from XL Axiata for about RM219 million ($52 million). The acquisition, which was made through a local subsidiary, PT edotco Infrastructure Indonesia, confirms edotco’s foray into the Indonesian market, one of Asia’s largest and most established […]