TechNode Global Staff

Maybank Investment Bank said Tuesday that it expects data center demand in ASEAN to increase at 20 percent compound annual growth rate (CAGR) and a potential data center total addressable market (TAM) of $11 billion per year till 2028.

The Securities Commission Malaysia (SC) has on Monday outlined the conditions for the new family office incentive scheme announced by Malaysian government recently that is aimed at enhancing investment landscape in Malaysia.

Forest City, the $100 billion project located in Southern region of Malaysia which is backed by Chinese developer Country Garden Holdings, will be the first location in Malaysia to offer a 0 percent tax rate for Family Offices, Malaysia's Finance Minister II Amir Hamzah Azizan said on last Friday.

Malaysia-based Capital A's low-cost airline AirAsia has announced a long-term partnership with European aircraft manufacturer Airbus to advance research into aviation sustainability initiatives that lower carbon emissions in the ASEAN region.

Enterprise Singapore (EnterpriseSG) and Google Cloud have announced joint initiatives aimed at accelerating artificial intelligence (AI) adoption and innovation for organizations in Singapore.

Multilateral development banks (MDBs) announced on last Friday that their global climate finance reached a record high of $125 billion in 2023.

Indonesia Investment Authority (INA) and Allianz Global Investors (AllianzGI) will aim to deploy up to $200 million annually into hybrid capital solutions opportunities, which serve as customized credit solutions for Indonesian businesses.

Family Offices in Asia Pacific are investing more in public equity and fixed income, and are bullish on private equity, Citi Private Bank Survey showed Wednesday.

Indian fintech firm Aye Finance has entered into definitive agreements for INR 250 crores ($30 million) in Series G funding, led by Singapore’s ABC Impact, the leading Pan-Asia impact investor backed by Temasek and Temasek Trust.

EFishery, an Indonesian aquaculture technology company, intends to continue expanding the Indian market by targeting other strategic areas in India, especially South and East India, after positive first year achievements.