News

Southeast Asia saw 47 initial public offerings (IPOs) across the region, raising more than $3.07 billion in proceeds and achieving an aggregate IPO market capitalization of $15.07 billion, Deloitte said last Friday.

Singapore-based Keppel Ltd., through its connectivity division, has signed an indefeasible right of use (IRU) agreement with a global leading hyperscaler for the final remaining fiber pair on the Bifrost Cable System (Bifrost).

Volt Singapore Pte Ltd (Volt), the electric vehicle (EV) charging arm of Keppel Ltd. (Keppel)’s Infrastructure Division, and Setsco Services Pte Ltd (SETSCO), a wholly owned subsidiary of VICOM Ltd (VICOM) have launched the city state’s largest public electric bus charging hub at Jalan Papan.

Indonesia state-owned PT Danantara Investment Management (DIM), together with PT Daya Energi Bersih Nusantara (Denera), have designated the selected partners in the selection process for business partners to develop and operate Batch II of Indonesia’s Waste-to-Energy (WtE) or Pengolahan Sampah Menjadi Energi Listrik (PSEL) projects.

The OPEC Fund for International Development has provided a $50 million loan to Vietnam's Southeast Asia Commercial Joint Stock Bank (SeABank) to expand financing for small businesses and climate-focused investments across Vietnam.

Singapore's Energy Market Authority (EMA) and Japan's Electricity and Gas Market Surveillance Commission (EGC) will strengthen collaboration on energy market regulation, promote information exchange on gas and electricity markets, and facilitate knowledge sharing on market surveillance approaches, regulation design, and system stability measures.

China's Zeekr has expanded its Malaysian dealer network by signing agreements with three new partners, namely Quantum Motors, Wheelcorp Premium, and Ghee Hua Co, bringing its retail presence to 11 outlets.

Gobi Partners, a pan-Asian investment firm managing $2 billion across more than 30 funds, and Japan's technology firm NTT will jointly explore opportunities in startup matching, business validation, proof-of-concept initiatives, and cross-border commercial engagement between Japan and Southeast Asia.

Maybank Investment Bank expects demand from artificial intelligence (AI)-related fields to remain strong and should be the key growth driver of the semi-con sector in Singapore.

Malaysia-based clean energy solutions provider Gentari, through Gentari Renewables Sdn Bhd, has successfully deployed a 3.1 megawatt-peak (MWp) solar photovoltaic (PV) system at Kuala Lumpur International Airport 2 (KLIA2).