Investments

Thailand selected 17 projects worth a planned 121 billion baht for FastPass and announced added tax incentives for eligible BOI-promoted listings.

Enterprise Singapore has opened an office in Boston, its fifth in the United States, to help Singapore companies expand on the U.S. East Coast, and has signed its first U.S. state-level partnership, with Massachusetts.

Grab has been pursuing growth through both acquisitions and expansion of its existing businesses, according to the report. Earlier this year, Grab acquired US-based Stash Financial Inc at an enterprise value of US$425 million and bought Foodpanda’s Taiwan operations from Delivery Hero SE for $600 million.

Australian data center operator NEXTDC plans to raise A$1.1 billion through convertible notes to fund its domestic infrastructure pipeline as AI-driven capital spending rises.

Zankore has signed a senior term loan facility of up to $3.1 billion and is building an initial 100 MW of NVIDIA AI infrastructure in Indonesia.

The Philippine SEC cleared Mynt's proposed GCash IPO of up to PHP 92.32 billion, subject to remaining requirements and final offer terms.

Medtronic plans an approximately $700 million investment in Hong Kong-based Cornerstone Robotics and will gain distribution rights for its Sentire surgical system in select approved markets.

Malaysian deep-tech startup nanoSkunkWorkX has raised US$2 million in a seed round led by Singapore's Tin Men Capital to move its semiconductor materials technology toward partner qualification.

In the interview, Alex Phan, an investor and Co-Founder of startup incubator XYZ Foundation, takes the diagnosis deeper: Vietnam's legal framework has begun running ahead of its market, collateral-bound banks leave intangible tech firms stranded, and founders are chasing the wrong prize. An IPO that was never the only exit and rarely the right first one.

Kioxia and Sandisk plan to invest more than $31 billion in Japan through 2032 to expand flash-memory technology and production capacity.