News
MAS’s MD sees uncertainties amid AI investment boom
The head of the Monetary Authority of Singapore (MAS) on Monday warned of uncertainties surrounding the sustainability of the global artificial intelligence (AI) investment boom, citing rising computing costs, financing risks and the possibility of technology disruption or regulatory intervention.
Taiwan’s TECO to buy Malaysia’s Dynaciate in $50.8M AI data center expansion deal
Taiwan-based TECO Electric & Machinery will acquire a majority stake in Malaysian engineering firm Dynaciate, in a deal worth MYR200 million ($50.8 million), as part of its expansion into Southeast Asia’s AI data center infrastructure market.
IBM, StarHub expand collaboration to advance quantum-safe readiness
U.S. technology firm IBM on Monday announced an expanded collaboration with Singapore-based communications and digital services provider StarHub to enhance the latter’s quantum-safe cybersecurity capabilities against emerging cryptographic threats posed by future quantum computing technologies.
Malaysia launches first social exchange to strengthen access to social impact financing
The Securities Commission Malaysia (SC) has on Monday marked a key milestone in advancing Malaysia’s social impact ecosystem with the official launch of the Social Exchange.
SMEs in Vietnam can utilize digital assets as loan collaterals
Vietnam plans to recognize digital assets and virtual assets as valid loan collaterals for small and medium-sized enterprises (SMEs), under a draft amendment to the law on support for SMEs.
STT GDC, Alibaba Cloud, NTUC team up on AI upskilling in Singapore
ST Telemedia Global Data Centers (STT GDC) has on Tuesday announced a partnership with Alibaba Cloud and Tech Talent Assembly, an affiliated association under the National Trades Union Congress (NTUC) to accelerate the adoption of generative and agentic artificial intelligence (AI) across Singapore’s enterprises and workforce.
Italy’s De Nora to acquire Singapore-based BW Water in $66.5M deal, expand Southeast Asia activities
Italy-based Industrie De Nora has signed an agreement to wholly acquire Singapore-based BW Water in a deal between $61.5 million and $66.5 million.
Pacific Channel acquires ENGIE Factory APAC, expanding climate-tech platform into Southeast Asia
Australasian venture capital firm Pacific Channel announced Tuesday the acquisition of ENGIE Factory Asia-Pacific Pte Ltd, along with the portfolio of securities it holds in seven early-stage climate-tech ventures focused on solar solutions, cooling, climate markets, sustainable housing, bioenergy, and data center efficiency.
Singapore launches refreshed Industry Digital Plan to support retailers in accelerating technology adoption
Enterprise Singapore (EnterpriseSG) and the Infocomm Media Development Authority (IMDA) have launched the refreshed Retail Industry Digital Plan (IDP) on Tuesday, to guide over 2,000 small and medium-sized enterprise (SME) retailers on their digital transformation efforts.
France’s Thales to build Singapore’s drone traffic management platform
The Civil Aviation Authority of Singapore (CAAS) has awarded France-based defense-aerospace giant Thales a contract to develop a national Unmanned Aircraft Systems Traffic Management (UTM) system.
