"A bank with digital services cannot work alone," said Leo Koesmanto, President Director, Bank Jasa.
Cloud computing was supposed to be a surefire growth driver, but the future looks less sunny.
Opportunities arising out of "deglobalization" would be one of the themes the fund would focus on.
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There is little doubt about the momentum behind greentech and renewables in SE Asia, but there remain an array of concerns for the regulators, players and investors to navigate.
Southeast Asia's healthtech sector has defied the wider dealmaking slowdown to maintain its momentum in the first nine months of 2023.
In terms of data centre market maturity, Asia is still trailing behind North America.
The PE firm is reportedly looking to raise $4b in capital commitments for the latest fund.
Qiming Venture Partners, Alwin Capital, TF Capital, and K2VC re-upped in the round.
T12M Ventures targets early investments in AI, smart city, and digital solutions.
While Bioniqa has raised funds, Sampangan and BANiQL are said to be finalising deals.
Rest of Asia
The software unicorn has onboarded over 100 venture capitalists and startups from the region on its platform.
Axiata will sell Ncell, its mobile service unit in Nepal, for a fixed consideration of $50 million.
StrideOne has taken a strategic stake in MoEVing, India’s last-mile EV logistics platform
IHH is in the midst of reviewing its strategy for China where its operations are currently loss-making.
The custom GPTs and store were set to be launched in Nov.
The facility is expected to have an annual capacity of 20,000 cars.
The combined company is expected to trade on the Nasdaq in the first half of 2024.
The rules come into effect in 2024 for completed batteries and in 2025 for critical minerals used to produce them.
Aramco's Prosperity7 was a lead investor in the $25m round raised by Rain AI in 2022.
The lack of action across the sector presents a risk to the US, said Deputy Treasury Secretary Wally Adeyemo.
Golub has been making appointments in Asia and Latin America in recent months.