News
Vietnam subsidiary becomes biggest cash earner for Samsung in Q1/2026 with $709M profit
Samsung Electronics Vietnam Thai Nguyen Co., Ltd. (SEVT), a Vietnam-based subsidiary of South Korean chaebol Samsung, posted a net profit of KRW106.6 trillion ($709 million) in the first quarter of 2026, up 176 percent year-on-year.
SC issues revised guidelines on Recognized Markets for Digital Asset Exchange
The Securities Commission Malaysia (SC) said Wednesday it has enhanced the Guidelines on Recognized Markets, marking a significant step in the evolution of the regulatory framework for Digital Asset Exchange (DAX).
MAS revokes major payment institution license of Bsquared Technology
The Monetary Authority of Singapore (MAS) said Wednesday it has revoked the Major Payment Institution License of crypto liquidity provider Bsquared Technology Pte Ltd (BSQ) with effect from May 14 2026.
Singapore unveils new AI partnerships at ATxSummit 2026
Singapore announced a series of new artificial intelligence initiatives and global partnerships at ATxSummit 2026, signaling a shift toward large-scale deployment of AI systems across public services, enterprise, manufacturing, and robotics.
Vietnam’s Hanoi, LG Energy Solution, Honda to jointly launch 1,000 electric motorcycle battery-swapping stations
Vietnam's Hanoi capital city, South Korea's LG Energy Solution, and Japan's Honda Motor will jointly develop a large-scale electric motorcycle battery-swapping network, starting with 50 pilot stations in 2026 and expanding to a projected 1,000 locations citywide by 2027.
Vietnam’s EV maker VinFast launches battery-swapping electric motorcycles in Indonesia
VinFast, the electric vehicle maker under Vietnam’s conglomerate Vingroup, has launched an early booking program in Indonesia for three battery-swapping electric motorcycle models — the VinFast Evo, VinFast Feliz II, and VinFast Viper.
Singapore partners OpenAI in $234M push to expand national AI ecosystem
Singapore’s Ministry of Digital Development and Information (MDDI) and OpenAI will launch “OpenAI for Singapore,” a joint initiative aimed at strengthening the country’s position as a hub for applied AI innovation.
Gobi-backed Malaysian IC firm SkyeChip jumps in IPO debut
Malaysia-based integrated circuit firm SkyeChip soared in its main market debut on Wednesday after the firm raised MYR 352 million ($88.62 million) from the initial public offering (IPO).
Primer raises $100M to expand AI-driven payments platform, Southeast Asia-focused Peak XV joins
London-based Primer, a global payment facilitator, has raised $100 million in a Series C funding round as the company expands its AI-enabled payments and finance infrastructure platform.
TDK to acquire Malaysia’s lithium-ion rechargeable batteries firm Linergy Power at $240M
Japanese electronics firm TDK will acquire 100 percent of the ordinary shares of Malaysia's lithium-ion rechargeable batteries firm Linergy Power Sdn Bhd at $240 million.
