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Latest News on Government

China's Geely to set up new aerospace company

China's Zhejiang Geely Holding Group plans to set up a commercial aerospace company to develop its satellite and communications technologies in the southern city of Guangzhou, local government said on Tuesday.

REUTERS.COMApr 01, 2021

Government Grants and Funding in Malaysia - a comprehensive list for startups and SMEs

An updated list of government grants available in Malaysia for startups and new businesses

Kenneth HoFeb 18, 2021

TTA's Taiwan Pavilion featured 100 startups at CES 2021

TTA has been working alongside the Taiwanese government to showcase more startups on a global stage

Alfred LeeJan 27, 2021

India’s Prime Minister launches $136 million fund for startup companies

The government is investing 10 billion rupees in the new fund to grow startup companies in India

Rajitha ReddyJan 18, 2021

China saw first online payment using Digital Currency Electronic Payment

China’s first online order by Digital Currency Electronic Payment (DECP) was made by a Suzhou online shopper at JD.com on December 11, right after Suzhou’s government kicked off the Double 12 shopping festival and issued RMB 20 million DCEP in partnership with The People’s Bank of China, the central bank of China. Suzhou is the first city to test online consumption scenarios by DCEP, with JD Digits (JDD) providing support in technology and services, helping connect financial institutions with online purchasing applications. JDD is the first technology company to test the DCEP in China with state-owned banks, connected with online

CHINAINTERNETWATCH.COMDec 15, 2020

Philippines Fintech Startup SquidPay raises $2 million in Series A funding round

SquidPay is working with the Baguio City government to build a cashless society.

Carl AdrianDec 15, 2020

China fines Alibaba, Tencent’s e-book subsidiary over anti-trust violations – TechCrunch

The Chinese government is moving to curb the power of some of China’s most influential internet companies. The country’s top market regulator announced Monday that it is fining Alibaba and China Literature, Tencent’s e-book spinoff, for failing to report their past acquisition deals for clearance. The cases involve Alibaba’s equity investments in major Chinese mall […]

TECHCRUNCH.COMDec 14, 2020

Malaysian government selects 8 VC firms as part of the PENJANA programme

The PENJANA programme by the Malaysian government will match up to RM600 million on a 1:1 basis with the VC funds, with an initial target of RM1.2 billion.

Alfred LeeDec 14, 2020

China bans TripAdvisor and 100+ others apps to 'clean up' the internet

TripAdvisor's shares fell after China's government made the announcement

Carl AdrianDec 09, 2020

Grab-Singtel, Sea, and Ant Group can now run Digital Banks in Singapore.

The companies received digital banking licenses from Singapore's government last Friday.

Alfred LeeDec 06, 2020

Singapore's government sets aside $285 million to support startups.

Startups have have found it difficult to raise capital and develop their business amid the pandemic

Alfred LeeMay 27, 2020

Malaysian government announces RM10 billion stimulus package for businesses.

Wage subsidies for businesses are up to RM1200 per employee.

Wallace HoApr 06, 2020

Indonesia’s KoinWorks signs deal to focus on SME lending

KoinWorks has signed an agreement with the government to provide training, mentoring and access to lending to around 4,900 SMEs.

Ismawati AsmatJan 27, 2020

Vietnam sets a winning fintech growth model for Southeast Asia

Its government plays a huge role in the country's fintech hub emergence.

Syamil FaisalDec 19, 2019

India is boosting its electric vehicles (EV) industry to convert 200 million vehicles electric by 2026

It’s high time for EV startups and investors to look to India as the government is providing full-on support.

Syamil FaisalDec 06, 2019

Singapore’s BCB Blockchain to fund $300,000 for startups in Philippine

The blockchain firm partners with Philippine’s government to boost the country’s startup ecosystem.

Syamil FaisalNov 25, 2019

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