Author: TechNode Global Staff

UOB sees stablecoins, CBDCs, and tokenized deposits drive digital money evolution

The global push for tokenized money is entering a new, more mature phase. According to a recent UOB report, industry expectations are shifting from isolated pilots toward scalable operating models underpinned by five key drivers, captured in the acronym SCALE: Standards, Compliance, Access, Linked infrastructures, and Ecosystem.

Thailand sets new rules for E-commerce platforms to curb unfair trade

Thailand’s Trade Competition Commission (TCCT) has introduced new guidelines for e-commerce platforms, setting out standards on pricing and business conduct aimed at curbing unfair trade practices and preventing market dominance in the country’s fast-growing digital economy.

Kenanga foresees heightened external risks for Malaysia’s technology sector

Kenanga Research has on Friday downgraded Malaysia’s technology sector rating to neutral from overweight as external risks have intensified, particularly from global memory tightness, supply-chain fragility and persistent cost pressure across the value chain.

KWAP to commit $47M in Malaysia’s Lestari Cooling Energy

Malaysia’s national public sector pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) is expected to commit up to MYR 190 million ($47.38 million) of capital in Lestari Cooling Energy Sdn. Bhd.

Singapore’s Tazapay raises $36M Series B funding led by Circle Ventures

Tazapay, a Singapore-based payment infrastructure provider for emerging markets, announced the close of its Series B extension led by Circle Ventures, bringing total Series B funding to $36 million.

SC launches ICM Innovation Lab to advance Maqasid al-Shariah driven Islamic capital market innovation

The Securities Commission Malaysia (SC) announced Thursday the establishment of the ICM Innovation Lab (FIKRALab), a structured co-creation and applied research and development (R&D) platform to develop new Islamic capital market (ICM) products and instruments.

Indonesia signals tighter scrutiny on Chinese e-commerce – Momentum Works

Indonesia is sending a clear message to foreign e-commerce platforms, particularly those linked to China, even as it stops short of an outright ban, according to market analysts Momentum Works.

DV8 to acquire Rakkar Digital, plans capital injection of $2.7M

Thailand-based media, advertising, and event management firm DV8 Public Company Limited has announced a strategic acquisition to acquire Rakkar Digital Company Limited to broaden its presence in Thailand’s digital asset services sector.

Iran conflict shifts battery upside to BESS and wider electrification – Fitch

China’s battery manufacturers’ technology and cost leadership should keep them as beneficiaries of the global energy transition following the Iran conflict and related supply shocks, said Fitch Ratings.

Middle East tensions pose mixed risks for semiconductor supply chain, Malaysia partially insulated – Maybank

Malaysia’s semiconductor industry, concentrated on assembly, test, and packaging (ATP), is relatively insulated from immediate supply disruptions caused by rising tensions in the Middle East, Maybank Investment Bank said Thursday.