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Asian Food Delivery Company ‘Grab’ to Go Public In $40 Billion U.S. SPAC Deal
Asian ride-hailing and food delivery company Grab Holdings is going public in a special purpose acquisition company (SPAC) deal valued at $40 billion U.S.
- Categories
- Technology
- Region
- South Asia
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Education Crisis in South Asia: COVID to Cause $1 Trillion Losses
The prolonged closure of schools is causing an education crisis that may cost Bangladesh and other South Asian countries over $1 trillion in lost earnings in the long run, according to a World Bank report.
- Categories
- Coronavirus, Education
- Region
- South Asia
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Big Brands Join $1 Billion Forest Conservation Push for Southeast Asia
Major household brands and palm-oil buyers Nestle and PepsiCo have backed a scheme that aims to invest $1 billion in forest conservation across Southeast Asia over 25 years.
- Categories
- Agriculture, Environment, Investing
- Region
- South Asia
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Cambodia’s Lenders Suspend Loan Principle, Interest Collection Amid Pandemic
Two associations representing Cambodia’s microfinance institutions (MFIs) and banks issued a joint statement Wednesday agreeing to grant borrowers a reprieve from repayment of loans and interest amid the country’s latest and deadliest outbreak of the coronavirus.
- Categories
- Coronavirus, Finance, Health Care
- Region
- South Asia
- Tags
- microfinance
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Press Release: Singapore-Based Neobanking Startup StashFin Raises $40 Million in Series B Extension Equity Financing Round
Singapore-based neo-banking startup Morus Technologies Pte Ltd 'StashFin' has announced the successful completion of Series B Extension equity financing of USD 40 million from a clutch of global investors.
- Categories
- Finance, Investing, Technology
- Region
- South Asia
- Tags
- fintech, impact investing, startups
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Vietnam Launches First Autonomous Vehicle
The vehicle boasts AI features including 3D maps, Lidar sensors, simultaneous localisation and mapping technology, and incorporates machine and deep learning within its software
- Categories
- Technology, Transportation
- Region
- South Asia
- Tags
- e-mobility, transportation
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O-City Partners with the Philippines’ Land Bank to Pilot Digital Payments in Public Utility Vehicles
BPC Technology’s payment division, O-City, is partnering with the Philippines’ Land Bank of the Philippines to pilot the country’s digital payments in Public Utility Vehicles such as buses and jeepneys.
- Categories
- Technology
- Region
- South Asia
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Singapore’s Temasek Allots $500 Million for Impact Investing in LeapFrog Tie-Up
Singapore’s Temasek Holdings is committing $500 million to a partnership with private equity firm LeapFrog Investments, in what both companies said was the largest ever commitment to an impact investor.
- Categories
- Investing, Social Enterprise
- Region
- South Asia
- Tags
- impact investing
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