News
Malaysia’s stock exchange up IPO market capitalization target this year to $8B
Malaysia's stock exchange Bursa Malaysia has revised upwards one of its 2026 headline Key Performance Indicators (KPIs), increasing its initial public offering (IPO) market capitalization target to MYR 34 billion ($8.32 billion) from MYR 28 billion.
Southeast Asia PE investment falls 58% to $935M in Q2/2026 as exits hit 4-year high of $4.2B
Private equity (PE) investment in Southeast Asia fell sharply in the second quarter of 2026, with 10 deals worth $935.5 million, compared with 19 deals worth $9.2 billion in the previous quarter, according to the EY-Parthenon's Southeast Asia Private Equity Pulse for Q2/2026 report.
Singapore’s ADA acquires India’s Algonomy to expand AI retail decisioning across 34 markets
ADA, an AI company headquartered in both Singapore and Malaysia, has completed the acquisition of Algonomy, an AI retail decision-making company headquartered in Bengaluru, India, expanding the combined group's presence.
ASEAN+3 should combine AI, energy and payments to limit new dollar dependence
ASEAN+3 economies need to bring together artificial intelligence (AI), energy infrastructure and digital payment systems to navigate a potential new wave of dollar dependence as AI reshapes the global economy, the ASEAN+3 Macroeconomic Research Office (AMRO) said on Thursday.
OCBC Bank commits $79M to support battery energy storage system project under MyBeST in Malaysia
OCBC Bank (Malaysia) Berhad said Thursday it has committed MYR 325 million ($79.48 million) in financing to support a utility-scale 100MW/400MWh Battery Energy Storage System (BESS) project under the Malaysian government’s Battery Energy Storage (MyBeST) Program.
Singapore’s iterco opens creative hub-café in South Jakarta to support Indonesia’s game developers
Singapore-based game publisher iterco has opened iterhaus, a creative hub, and Porch, a community café, in South Jakarta, marking an expansion beyond game publishing into physical community infrastructure for Indonesia's creative industry.
Malaysia to trial Starlink satellite-to-phone internet service – report
The service could help bridge connectivity gaps in remote and underserved areas, complementing existing terrestrial mobile networks rather than replacing them.
Singapore completes solarization of Marina South Pier
The Maritime and Port Authority of Singapore (MPA) said Thursday it has completed the installation of a solar energy generation system at Marina South Pier (MSP).
Wise integrates with Malaysia’s national payments network PayNet
Wise, the global technology company, now has direct access to Malaysiaʼs national payments infrastructure, operated by Payments Network Malaysia (PayNet).
Southeast Asia sees $2.7B in combined equity funding across 12 companies – Tracxn
Southeast Asia's 12 leading payment startups have collectively raised over $2.7 billion in equity funding till date, with the top two companies accounting for approximately 83 percent of the total capital raised, Tracxn said Wednesday.
