Strategic incentives have pushed foreign direct investments in the manufacturing space from less than US$2 billion in 2011 to over US$20 billion last year. Go to Source
Author: Tech In Asia Online News
SG car rental firm surfs ride-hailing wave to FY 2022 profits
Lumens founders Ryan Tan and Kuanyu Tan bootstrapped the company in 2014 with a fleet of just four cars, which has grown to over 3,000 so far. Go to Source
Brazil offers road map for SEA fintech to escape credit crunch
Replicating a special financial instrument in Brazil and encouraging a proactive regulator could help Southeast Asia’s fintech sector hit new heights. Go to Source
Superbank launches integrated banking services on Grab’s Indonesia app
Grab users can now create Superbank accounts, deposit funds, and use them for payment without having to download the separate Superbank app. Go to Source
Singapore to trial battery swapping, mobile charging for electric heavy goods vehicles
Two entities that already provide mobile EV charging services will also participate in the trial. Go to Source
Case study: Driving startup innovation through business matchmaking
Find out how a matchmaking event held by a leading financial institution and TIA Studios yielded 83% successful meetings with 22 innovative startups. Go to Source
Grab to end e-wallet service in Vietnam from July 1
Grab launched the service in 2018 in partnership with local payments firm Moca. Go to Source
B Capital co-leads $6m round in Indian EV battery buyback firm
Turno offers to buy back used EV batteries of customers within three years of when the vehicle is sold and then refurbishes and resells them. Go to Source
Grab, OpenAI partner up to build AI tools for super app’s users, employees
Along with a ChatGPT Enterprise pilot, the partnership will initially focus on accessibility, customer service, and mapping. Go to Source
Musk to weigh offer for EV battery plant in Indonesia, says minister
President Joko Widodo also suggested that Musk set up an AI center in Indonesia and that SpaceX build a launchpad there, reported Reuters. Go to Source