Duc Dao

Netherlands’ logistics firm CTP to buy Ares-owned SLP Vietnam logistics portfolio for $500M

CTP, a Netherlands-based developer, owner, and operator of logistics and industrial real estate, has agreed terms to acquire 100 percent of the South-East Asia Logistics Partners (SLP) portfolio and operating platform in Vietnam for $500 million.

Japan’s Sojitz to buy 5% of Vietnam’s Masan High-Tech Materials, after $125M deal of US’ Elmet

Japan’s Sojitz Corporation plans to buy 5 percent of Masan High-Tech Materials (UPCoM: MSR) from Masan Horizon, a subsidiary of Vietnamese conglomerate Masan Group.

Vietnam sets EV charging power at $0.1 per kWh, above manufacturing rate

Vietnam will charge VND2,549 ($0.097) per kWh for electricity used at EV charging stations connected at medium voltage, state utility Vietnam Electricity (EVN) said in a statement last Friday.

Microsoft to open Southeast Asia 3 cloud region in Johor Bahru, per $2.2B Malaysia plan

Microsoft's Southeast Asia 3, its second cloud region in Malaysia, will be built in Johor Bahru.

Grab to proactively spend $112M on fee cuts, driver support in Vietnam, amid backlash

Grab Vietnam, under Southeast Asia's technology giant Grab, will spend VND2,950.9 billion ($112 million) on fee cuts, driver refunds and incentives, and promotions in Vietnam, after the ministry-run National Competition Commission reviewed its fares calculation.

Visa opens 6 global capability hubs in Singapore, bringing 1,500 technology staff to Paya Lebar Green

Visa has set up six global capability hubs at its new Solution Center in Paya Lebar Green, Singapore, hosting 1,500 employees working on technology across artificial intelligence (AI), cybersecurity, quantum computing, and next-generation payments.

Panama-based Efy Finance raises $5M seed round led by Tether, to expand Latin American payments

Panama-based Efy Finance, a cross-border payments company serving Latin America, has raised $5 million in a seed round led by Tether, with participation from Astor Management AG, and angel investors.

Digital consumer finance Skyro begins Malaysian cash loans after KPKT moneylending licence

Skyro, a digital consumer finance group, has begun offering cash loans in Malaysia, its second Southeast Asian market.

LINE OpenChat monthly users rise to 24M in Thailand after move to third tab

LINE Thailand said monthly active users of LINE OpenChat, its interest-based community feature, rose to 24 million from 20 million after the company moved the feature to the third tab of the LINE app.

AWS launches Semarak AI Malaysia, putting Amazon Quick tool to 445,000 government officers

Amazon Web Services (AWS) has launched Semarak AI Malaysia, a national program to give government officers, students, software companies, and communities AI tools and skills to build their own solutions.