Mitsui invests US$58mil in Ada via Axiata Digital, valuing it at US$550mil

Mitsui’s stake will rise from 3.29% to an effective 12.69% in ADA
ADA to expand digital presence, commitment to regional digital & data transformation

Axiata Digital & Analytics Sdn Bhd (ADA), has announced Mitsui’s investment of US$58 million (RM276.7 million) in ADA, facilitated through its holding company, Axiata Digital Services Sdn Bhd (ADS). 
Mitsui’s additional…Continue Reading

AC Ventures and PwC unveil corporate governance playbook for tech startups

79% of investors view ESG as central to their investment calculus
Playbook offers practical advice on foundational governance principles

AC Ventures, in collaboration with PricewaterhouseCoopers (PwC) Indonesia, has released a playbook on corporate governance tailored for tech startups. Anchored in the Indonesian General Guidelines for Corporate Governance, the playbook offers actional advice on…Continue Reading

Mmob appoints its co-founder, Arsalaan (Oz) Ahmed, as Executive Chairman 

Oz, who co-founded the fintech with Irfan Khan in 2020, will be based in Malaysia
Recognised as a banking industry thought leader in digital technology & sustainability

UK-based embedded services provider mmob Ltd has announced the appointment of Arsalaan (Oz) Ahmed (pic) as its executive chairman. Oz, who co-founded the company with mmob CEO Irfan Khan…Continue Reading

Petronas Futuretech 3.0 picks 10 startups to accelerate growth in sustainable innovations

Potential to develop impactful innovations to meet energy transition
Committed to building partnerships locally, and regionally for startups

PETRONAS’ accelerator programme, Petronas FutureTech 3.0 selected at its Demo Day today 10 technology-driven startups that have shown the most potential in developing impactful, future-focused and sustainable innovations which are able to meet energy transition…Continue Reading

Redex Group raises $10 mil Series A funding led by Aramco Ventures

Investors from the Middle East, SEA & Japan also participated in this round
Funds will enable global expansion and streamline REC issuance and digitisation

Redex, Asia’s leading Renewable Energy Certificates (RECs) solutions provider, announced the completion of its US$ 10 million (RM47.6 million) Series A funding round, with Aramco Ventures as the lead…Continue Reading

Study: Technical debt stalls growth and transformation for nearly half of global businesses

99% of respondents recognised that technical debt is a risk to their organisations
Lack of awareness significantly affects leaders’ ability to manage technical debt

A study of business leaders by DXC Technology, a leading Fortune 500 global technology services company, has revealed that nearly half (46%) of executives say that technical debt, or…Continue Reading