AI-based financial crime detection startup ComplyAdvantage has acquired Golden Recursion in a deal that brings Andreessen Horowitz in as a shareholder. San Francisco-based Golden is a startup "automating the construction of one of the world’s largest knowledge graphs, which shows...
UN Trade and Development (UNCTAD) forecasts global economic growth to slow to 2.6% in 2024, just above the 2.5% threshold commonly associated with a recession. This marks the third consecutive year of growth below the pre-pandemic rate, which averaged 3.2%...
In the whole of APAC, deal volume declined by 12.2% YoY. Singapore’s total deals in the first quarter of 2024, including mergers & acquisitions, private equity and venture financing deals, fell 21.1% YoY. Data from Global Data showed that deal activity...
Malaysia's economy is estimated to have grown 3.9% in the first quarter of 2024 from a year earlier. The manufacturing sector rebounded to 1.9% growth in the first quarter of this year from a 0.3% contraction in the final quarter...
Kuwait’s banking sector witnessed healthy year-on-year growth, observing notable increase across multiple identified key performance indicators such as net provision charge on loans, capital adequacy ratio, and coverage ratio on stage 3 loans, according to top tax advisory firm...
Sukuks are expected to grow further through the remainder of 2024 – albeit slowed from 1Q24 – and the GCC debt capital market (DCM) is well on its way to cross $1 trillion outstanding, says a Fitch Ratings report. The...
fDi’s inaugural list of the world’s hottest cities and regions for foreign investment. Global capital pledges were strong last year despite higher interest rates, inflation and a challenging geopolitical backdrop. More than $1.33tn-worth of greenfield foreign direct investment (FDI) was...
Private sector investments for the purposes of the green economy transition in South-east Asia increased 20 per cent to US$6.3 billion in 2023, compared to US$5.2 billion the previous year. This comes after green investments into the region fell for...
China’s economy grew faster-than-expected in the first quarter, data showed, offering some relief to officials as they try to shore up growth in the face of protracted weakness in the property sector and mounting local government debt. The government has...
The market is expected to grow by over 11% between 2023-2027. The global payments gateways market is expected to expand by 11.72% over the next five years, with APAC playing a pivotal role in propelling this growth. APAC’s regional market is...
