News

Bank Negara Malaysia (BNM), Bank Indonesia (BI), Bank of Thailand (BOT), and Bangko Sentral ng Pilipinas (BSP) have signed a memorandum of understanding (MoU) on cooperation under the Local Currency Transaction (LCT) Framework on Friday.

The Bank of England, Monetary Authority of Singapore, and Bank of Thailand said Friday they have completed trial of synchronized foreign exchange (FX) settlement across different currencies and systems.

The average monthly number of reported cyber incidents in Singapore has tripled since September compared with the January-August period, prompting the Cyber Security Agency of Singapore (CSA) to urge organizations to strengthen their cyber defenses against increasingly opportunistic attacks.

NAVER has signed a 2 trillion won AI computing-services contract with an unnamed US inference company ahead of its AI Factory launch in 2027.

Chinese AI satellite developer Adaspace raised about $95.6 million in a Hong Kong IPO and began trading under stock code 6935.

Geotab has launched its GO Anywhere Plus tracker in the Philippines for businesses managing vehicles, equipment and other distributed assets.

Alice Huang, a former CEO and controller of Megaspeed International, has received a stern warning from police and been barred from re-entering Singapore, the Ministry of Home Affairs said Thursday.

Binance has completed coverage of assets affected by its security incident, after committing more than $6.34 billion in company funds to cover the losses.

Hyundai Card is offering its AI recommendation and prediction platform to Korean private-label card partners through a software-as-a-service model.

Hong Kong clinical-stage biotech Yicura BioMed has completed the first closing of a Series B led by Gobi Partners, with the amount undisclosed.