News
Malaysia’s AI-powered digital lender Ryt Bank surpasses 1.2M users in 7 months of launch
Ryt Bank has exceeded 1.2 million users just over seven months after its launch in August 2025, the lender said in a release on Tuesday.
Korea’s POSCO Future M to invest $400M in battery materials plant in Vietnam
POSCO Future M will invest at least $400 million in Song Cong 2 Industrial Park in Thai Nguyen province, northern Vietnam, in order to build its first large-scale battery materials manufacturing facility in Vietnam.
ZTE, CIMB expand strategic partnership to support 5G deployment, digital infrastructure across ASEAN
ZTE Corporation, a China-based information and communication technology solutions provider, has entered into a memorandum of understanding (MoU) with CIMB Bank Berhad (CIMB), to establish a strategic cooperation framework aimed at supporting digital infrastructure development across ASEAN.
Sri Lanka, Alipay+ partner up to tap 1.8B users in tourism push
LankaPay, Sri Lanka Tourism Development Authority, and Alipay+ have entered into a strategic collaboration aimed at boosting Sri Lanka’s tourism appeal and attracting international visitors, particularly from Asia and the wider Asia-Pacific region.
Endowus and CIP launch partnership to expand access to institutional-grade renewable energy investments
Endowus, the Singapore-based wealth advisory and investment platform, has on Tuesday announced a partnership with Copenhagen Infrastructure Partners (CIP), a Denmark-based renewable energy infrastructure investments platform, to expand access to institutional-grade renewable energy investments.
Asia Pacific to drive two-thirds of global retail growth as agentic AI gains momentum
The Asia Pacific region is expected to generate around two-thirds of the world’s new retail sales over the next five years, driven by a consumer base of more than 4.3 billion people, 18 megacities, and a rapidly expanding middle class.
Southeast Asia’s Ecommerce market up 22.8 percent year on year to $157.6B in 2025 – Momentum Works
Southeast Asia’s ecommerce platform gross merchandise value (GMV) grew 22.8 percent year-on-year in 2025 to reach $157.6 billion in 2025, as leading platforms returned to growth while continuing to improve infrastructure, fulfilment, and customer experience, Momentum Works said Tuesday.
Southeast Asia’s IPO proceeds jump 174 percent year on year to $1.8B in first quarter
Southeast Asia saw a total of 14 initial public offerings (IPOs) that raised $1.8 billion in the first quarter of 2026, a 48 percent decline in volume but 174 percent increase in proceeds compared with 27 IPOs raising $700 million in the first quarter of 2025, EY said Monday.
Singapore advances for third consecutive year as AI readiness reshapes digital services – Adobe Digital Government Index
Global technology firm Adobe has on Monday released its 2025 Digital Government Index (DGI) for Singapore, which reveals that the nation’s overall score rose to 65, a 4.7 percent uplift from 2024, marking its third consecutive year of growth.
Satair strengthens Singapore aerospace logistics with Swisslog AutoStore system
Switzerland logistics automation company Swisslog has on Monday announced the successful deployment and commissioning of Satair's new AutoStore system at its Singapore facility, strengthening its position in Southeast Asia.
