Duc Dao
Vietnam’s VNG to buy back data center project stake from Singapore’s STT GDC for $18.3M
VNG Group JSC, a leading technology firm in Vietnam, will buy back a majority stake in VTH Software Development JSC for VND480 billion ($18.3 million), after its Singapore-based partner STT GDC withdrew from a planned data center project on the site of VTH.
Taiwan’s Foxconn to invest $265M more in Vietnam, $57M in Singapore
Taiwan's Hon Hai Precision Industry, known globally as Foxconn, will invest $265 million more into its manufacturing operations in Vietnam and $57 million more in Singapore, according to filings with the Taiwan Stock Exchange (TWSE) dated August 12-18.
38% of Malaysian businesses use AI, but most stuck on basics: AWS
The share of Malaysian businesses that consistently use at least one AI tool rose to 38 percent from 27 percent a year earlier, according to "Unlocking Malaysia's AI Potential 2026" study commissioned by Amazon Web Services, though most remain limited to basic applications.
New Zealand’s Neocrete raises $3.5M to expand low-carbon concrete technology
Neocrete, a New Zealand company that develops technology to cut the carbon and cost of concrete, has raised $3.5 million in a funding round led by returning investor Wavemaker Ventures, with participation from Icehouse Ventures and new investor Catalytic Capital for Climate and Health, a vehicle backed by Temasek Trust.
Carousell Malaysia adds SPX Express for label-less delivery at 1,000 service points
Carousell Malaysia, under Singapore-based recommerce platform Carousell, has added SPX Express as a delivery option on its marketplace, giving sellers label-free parcel drop-off at more than 1,000 SPX service points across West Malaysia.
Singapore’s Timah Partners secures $47M debt facility for SME acquisitions
Timah Partners, a Singapore-based holding company that buys small and medium-sized enterprises from retiring owners, has secured a S$60 million ($47 million) debt facility to fund acquisitions in Singapore.
GoTyme becomes first Philippine digital bank to offer Apple Pay to 10 million customers
GoTyme Bank has enabled Apple Pay for its customers in the Philippines, becoming the first digital bank in the country to offer the service, its card processor Paymentology said in a statement on Tuesday.
China’s Tencent Cloud to build first Malaysia cloud region in Johor, expand AI training
Tencent Cloud, the cloud unit of Chinese technology giant Tencent, will establish its first cloud region in Malaysia, comprising up to three availability zones in Johor, and will work with a local university to train more than 1,000 people in AI and cloud skills.
India’s software firm Rezolv raises $12.5M Series A led by Norwest
Rezolv, an Indian software company that utilizes AI to automate debt collection for lenders, has raised $12.5 million in a Series A funding round led by U.S. venture firm Norwest, with participation from Vertex Ventures Southeast Asia and India and existing investor 3one4 Capital.
US-based data center operator Equinix signs Singapore solar deal, targets 215 MWp
Equinix, a data center operator based in the United States, has signed its fourth renewable energy power purchase agreement in Singapore since 2024, an agreement with Flo Energy Singapore for at least 11.5 MWp of solar power.
