News

Singapore and Malaysia have renewed an energy cooperation agreement to strengthen technical collaboration on solar power, energy storage systems, renewable energy certificates and cross-border electricity trading, supporting regional power grid integration and the transition to cleaner energy, the duo said on Monday. 

Singapore's Energy Market Authority (EMA) has granted conditional approval to Sembcorp Utilities as the designated importer for the 1.3-GW Vietnam-Malaysia-Singapore renewable electricity initiative.

Carro, Asia Pacific’s leading online automotive marketplace, sees the rise of Chinese electric vehicles (EV) in Southeast Asia as a tailwind for its used-car business, a spokesperson at Carro said to TNGlobal.

HKEX has launched AI and semiconductor indexes and licensed the AI benchmark for planned exchange-traded funds in mainland China.

CBRE will pay $610 million upfront for Onnec, with a performance-based earnout of up to $400 million, expanding data-center services in Europe and Asia Pacific.

Singapore-headquartered insurtech firm Igloo plans to grow its platform software business, Igloo Tech Solutions, five-fold over the next two years through organic and acquisition-led growth.

Ailytics, a Singapore vision AI startup, has raised $7.4 million in a Series A round led by Tin Men Capital, an enterprise and frontier technology venture firm.

Japan-linked space startup Zero Industries has raised $3 million in pre-seed funding to develop a laser-based power transmission network for satellites.

As rapid technological advancements reshape economic, regulatory and digital landscapes worldwide, Indonesia faces the challenge of balancing competing priorities while sustaining its digital momentum.

Singapore on Friday broke ground on the S$62.5 million ($48.92 million) Low-Carbon Technology Translational Testbed (LCT), a national facility that will help companies test and scale emerging low-carbon technologies for industrial use.