TechNode Global Staff

Malaysian telecommunications firm Axiata Group Berhad and Indonesian conglomerate Sinar Mas said shareholders of PT XL Axiata Tbk, PT Smartfren Telecom Tbk, and PT Smart Telcom have formally approved the merger of the three companies into XLSMART.

Association of Southeast Asian Nations (ASEAN+), which includes Indonesia, Singapore, Thailand, Malaysia, Philippines, Hong Kong and Taiwan, leads in hybrid artificial intelligence (AI) adoption at 68 percent, surpassing global and Asia Pacific (AP), Lenovo study showed Wednesday.

The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), has on Wednesday signed two Letters of Intent (LOIs) to boost e-vessels adoption in Singapore.

Asia-focused venture capital firm Gobi Partners has invested into SkyeChip, a semiconductor integrated circuit (IC) design company in Malaysia.

Malaysia-based venture capital firm 1337 Ventures has invested in Betterteem Technologies, Inc., a Philippine-based business intelligence platform that leverages artificial intelligence (AI) to predict and mitigate employee resignations while enhancing workplace satisfaction.

Philippine-based early stage venture capital firm Kaya Founders has on Tuesday announced three new investments and two follow-on investments to start 2025, bucking the trend around Southeast Asia’s muted funding and dealmaking activities for early-stage companies over the past few quarters.

Vietnamese automaker VinFast and MGA.414 Corporation which operates the JIGA auto service chain, have officially signed a Memorandum of Understanding (MOU) to expand the network of service centers for VinFast electric vehicles (EVs) in the Philippines.

The Football Association of Malaysia (FAM) and Malaysian online used car trading platform Carsome have announced a two-year partnership worth nearly MYR 2 million ($451,000), naming Carsome as the official automotive partner and reinforcing their shared commitment to strengthening Malaysian football.

Malaysian telecommunications firm YTL Communications has signed two Memorandums of Understanding (MOUs) with global digital infrastructure firm Equinix and laser communications technology firm Transcelestial to bring global artificial intelligence (AI) cloud connectivity and laser-based wireless technology to Malaysia.

The Buy Now, Pay Later (BNPL) market in the Philippines has seen significant growth in terms of unique users, with at least one out of four Filipinos having tried the service at least once between 2018 until the end of 2024, UnaCash said Tuesday.