China private security companies making a BRI killing

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In: Asia

China’s private security companies (PSC) seem poised to play a larger role in securing the country’s expanding global interests, acting as a strategic tool to ensure an armed presence in key areas amid rising tensions with the United States. In particular, China’s PSCs are expected to play a greater role in protecting Belt and Road […]Continue Reading

Alta acquires Hg Exchange shortly after rebrand

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In: Technology

Lists Phillip Securities, Nomura Holdings, Integra Partners as shareholders
Goal is to connect promising new opportunities with capital, investing in alternatives Singapore based Alta Group (formally Fundnel), recently announced its acquisition of Hg Exchange (HGX), a private digital securities exchange.
The acquisition allows Alta to support the tokenisation and digital custody of alternative…Continue Reading

Asia Mobiliti raises US.06mil pre-A funding to scale Mobility-as-a-Service in SEA

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In: Technology

Existing investor DVE Sapta leads round, with Gamlite IT, private investors
Grow team across engineering & business functions, scale beyond Malaysia Asia Mobility Technologies Sdn Bhd, a leading mobility-as-a-service (MaaS) and Internet of Things (IoT) solutions provider, today announced the closing of a pre-series A investment round of US$1.06 million (RM5 million),…Continue Reading

US ‘suggests’ EU impose a chip export ban on China

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In: Asia, Business

The United States reportedly is calling on the European Union to impose a semiconductor export ban on China – but Chinese officials and media doubt the Americans, simply by asking, can persuade the Europeans to give up a highly lucrative export market. Bloomberg reports that the Biden administration is urging the EU to share information […]Continue Reading

The Big Read: Defying doubters, Singapore built a flourishing startup scene within a decade. Can it take the next step up?

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In: South-East Asia

And as regional startup ecosystems develop, they may possibly chip away at some advantages that Singapore’s ecosystem and its startups have. Citing the likes of Vietnam and Indonesia, a World Bank report last year noted that Singapore’s neighbouring countries “have created their own startup ecosystems”, thereby increasing the regional competition. Continue Reading

Changi Airport’s passenger traffic reaches 58.1% of pre-COVID levels in 3rd quarter 2022

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In: South-East Asia

SINGAPORE: Singapore’s Changi Airport handled 10 million passengers in the third quarter of the year, reaching 58.1 per cent of its pre-COVID traffic, Changi Airport Group (CAG) said on Saturday (Oct 29). In a news release, the group added that passenger movements for its largest source market, Southeast Asia, exceeded 60 perContinue Reading