News

Ant Group’s unit to seek stablecoin permits in Hong Kong, Singapore – report

Singapore-headquartered Ant International will apply for the stablecoin issuer’s licence in Hong Kong as soon as the city’s Stablecoins Ordinance goes into effect in August, the people said, according to the report. As well as Singapore, the company is also planning to seek a permit in Luxembourg, they added.

HLB, DCAP Digital collaborate to boost SME lending and financial inclusion with cutting-edge AI

Hong Leong Bank (HLB) has signed a memorandum of understanding (MoU) with DCAP Digital Sdn Bhd to boost the small and medium-sized enterprise (SME) lending and financial inclusion with cutting-edge artificial intelligence (AI).

AirAsia Media partners Xoomplay to power in-car advertising on AirAsia ride

AirAsia Media, the travel media division of Capital A, announced Friday a strategic partnership with Xoomplay Technologies, an advertising solutions provider, to roll out in-car tablets on AirAsia Ride vehicles, offering brands a powerful advertising solution to reach audiences while enhancing ride experiences for passengers.

Malaysia’s SC greenlights digital assets HBAR and GRT proposed by Luno

The Securities Commission Malaysia (SC) has approved two additional digital assets, HBAR and GRT, following Luno’s comprehensive coin selection process and proposal to the regulator.

IFC invests $92M in Thailand’s Winchai to boost renewable energy access in SEA

To address Southeast Asia’s growing energy demand and support local economies, the International Finance Corporation (IFC), a member of the World Bank Group, is providing a loan package of up to THB3,140 million (approximately $92 million) to Winchai Company Limited – a wholly-owned subsidiary of Sermsang Power Corporation Public Company Limited (SSP).

Funding Societies, SME Bank’s CEDAR team up to mobilize $12M in financing for Malaysian SMEs external inbox

Funding Societies Malaysia, Southeast Asia’s largest unified small and medium-sized enterprise (SME) digital finance platform, has formalized a strategic partnership with the Center for Entrepreneur Development and Research (CEDAR), the training and capacity-building arm of SME Bank Malaysia Berhad.

DISG partners Google Cloud to launch “AI Cloud Takeoff” program to accelerate AI transformation

The Digital Industry Singapore (DISG) and Google Cloud announced Friday the launch of “AI Cloud Takeoff” (AI CTO), a full-fledged national program to establish AI Centers of Excellence (AI CoEs) within 300 digitally-mature, Singapore-based companies over the next 12 months.

Singapore’s digitally advanced businesses ten times more likely to report strong growth: HubSpot

Despite ongoing economic uncertainties, digitally advanced businesses in Singapore are reporting significantly better performance against their industry counterparts according to new research from HubSpot.

Petronas Incubated Venture AIngineer joins forces with Microsoft to advance industrial AI solutions

AIngineer Sdn. Bhd., an industrial artificial intelligence (AI) venture incubated in PING23 Sdn. Bhd. or Petronas Innovation Garage (PING) has entered a strategic collaboration with Microsoft, accelerating deployment of cutting-edge AI solutions across energy and heavy industries.

Moomoo Malaysia launches nation’s first AI-powered investment platform

Moomoo Securities Malaysia Sdn Bhd (Moomoo Malaysia) announced Thursday the launch of Moomoo AI, the nation’s first artificial intelligence (AI)-powered investment platform with a suite of integrated AI investment tools and features.