News
Funding Societies, Boost Bank partner to expand property-backed business financing for SMEs in Malaysia
Singapore-headquartered digital financing platform Funding Societies and Malaysia’s homegrown digital lender Boost Bank have on Monday announced a strategic partnership to broaden access to property-backed business financing for small and medium enterprises (SMEs), including asset-owning micro, small, and medium enterprises (MSME)s and growing SMEs, in…
BIMB sees policy shifts Malaysia from import-driven to localization-driven EV growth
BIMB Securities has foreseen policy shifts Malaysia from import-driven to localization-driven electric vehicle (EV) growth, pushing foreign original equipment manufacturers (OEMs) toward completely knocked down (CKD) assembly.
SP launches Singapore’s first EV fast charging hub in a HDB carpark in Tengah
SP Mobility, part of SP Group (SP), has launched Singapore’s first electric vehicle (EV) fast charging hub at a Housing Development Board (HDB) carpark in Tengah.
Bain Capital raises $10.5B for Asia Fund VI
Bain Capital, a private investment firm based in the United States, has announced the final close of Bain Capital Asia Fund VI, raising total capital commitments of $10.5 billion, including approximately $9.1 billion from external investors for investments across Asia.
Singapore suspends review of proposed $1.1B M1-Simba telco consolidation
Singapore's Infocomm Media Development Authority (IMDA) has suspended its assessment of the proposed consolidation between M1 and Simba worth S$1.43 billion ($1.12 billion), pending the outcome of an investigation into Simba’s use of radio frequency spectrum.
Vietnam’s EV maker VinFast adds 29 aftersales partners per global expansion strategy
VinFast, the electric vehicle maker under Vietnam's conglomerate Vingroup, has added 29 aftersales partners during its Global Business Conference held from May 4 to May 10, 2026.
Lightrock launches $500M Accelerate7 fund, focuses on energy access in Southeast Asia
Lightrock, a London-based investment platform focusing on technology-enable companies, has launched its Accelerate7 fund, following the final close of a USD $500 million fund focused on businesses advancing United Nations Sustainable Development Goal 7 (UNSDG 7).
Ride-hailing service GSM, local dealers to deploy 18,497 EV in Philippines
GSM Green and Smart Mobility JSC (GSM), a ride-hailing service founded by chairman Pham Nhat Vuong of Vietnam’s top conglomerate Vingroup, and 75 transport companies and cooperatives in the Philippines will join hands to deploy up to 18,497 VinFast electric vehicles (EV) for passenger transport operations.
Human empathy still critical as AI reshapes customer experience industry – MDEC’s CEO
Automation and artificial intelligence (AI) may be reshaping the customer experience industry, but human empathy and connection must remain at the center of how the sector evolves, Malaysia Digital Economy Corporation (MDEC)'s chief executive officer Anuar Fariz Fadzil said Friday.
Foxconn to invest $407M in Singapore subsidiary for long-term purpose
Taiwan-based Hon Hai Precision Industry, also known as Foxconn, is set to conduct a capital injection of $407.2 million to its subsidiary Foxconn Singapore Pte. Ltd,, through the acquisition of common shares.
