Author: Duc Dao
Malaysia’s GXBank expands MSME financing access higher loan limits, digital guarantees
Malaysia's GX Bank Berhad (GXBank) has expanded its GX Business Banking services for micro, small and medium enterprises (MSMEs), including higher financing limits and broader eligibility requirements for business account applications and credit assessments.
Bain Capital raises $10.5B for Asia Fund VI
Bain Capital, a private investment firm based in the United States, has announced the final close of Bain Capital Asia Fund VI, raising total capital commitments of $10.5 billion, including approximately $9.1 billion from external investors for investments across Asia.
Singapore suspends review of proposed $1.1B M1-Simba telco consolidation
Singapore's Infocomm Media Development Authority (IMDA) has suspended its assessment of the proposed consolidation between M1 and Simba worth S$1.43 billion ($1.12 billion), pending the outcome of an investigation into Simba’s use of radio frequency spectrum.
Vietnam’s EV maker VinFast adds 29 aftersales partners per global expansion strategy
VinFast, the electric vehicle maker under Vietnam's conglomerate Vingroup, has added 29 aftersales partners during its Global Business Conference held from May 4 to May 10, 2026.
Lightrock launches $500M Accelerate7 fund, focuses on energy access in Southeast Asia
Lightrock, a London-based investment platform focusing on technology-enable companies, has launched its Accelerate7 fund, following the final close of a USD $500 million fund focused on businesses advancing United Nations Sustainable Development Goal 7 (UNSDG 7).
Ride-hailing service GSM, local dealers to deploy 18,497 EV in Philippines
GSM Green and Smart Mobility JSC (GSM), a ride-hailing service founded by chairman Pham Nhat Vuong of Vietnam’s top conglomerate Vingroup, and 75 transport companies and cooperatives in the Philippines will join hands to deploy up to 18,497 VinFast electric vehicles (EV) for passenger transport operations.
Foxconn to invest $407M in Singapore subsidiary for long-term purpose
Taiwan-based Hon Hai Precision Industry, also known as Foxconn, is set to conduct a capital injection of $407.2 million to its subsidiary Foxconn Singapore Pte. Ltd,, through the acquisition of common shares.
Singapore Space & Technology think tank launches Singapore’s first space innovation lab
The Singapore Space & Technology Think Tank (SST Think Tank) has launched the Singapore Space Lab, the country’s first dedicated space innovation lab aimed at supporting the commercial adoption of space technologies across Southeast Asia.
Fasset raises $51M to expand stablecoin banking services in Asia, Americas, Africa
Fasset, a banking and investment platform headquartered in the United States, has raised $51 million in a Series B funding round as it expands its stablecoin-powered banking and financial infrastructure services across Asia, including Southeast Asia, and other emerging markets.
Korea’s LS Eco Energy to supply power cables for AI data center of Vietnam’s Viettel
LS Eco Energy, under South Korean chaebol LS Group, will supply power cables for a large-scale AI data center project in Vietnam developed by telecommunications giant Viettel Group
