News
ESR, INA expand partnership on new logistics developments in Indonesia
Singapore-based real asset manager ESR, Indonesia Investment Authority (INA), and other capital partners are jointly investing in the development of two institutional-grade logistics facilities in Cikarang, Greater Jakarta, expanding their partnership and supporting Indonesia’s long-term logistics, manufacturing, and supply chain development.
Singapore-based Manus AI to leave Meta as China blocks Meta’s $2B acquisition
Manus, a Singapore-headquartered AI agent startup founded in China, will return to operating as an independent company and delete some user data, months after Chinese regulators blocked Meta's $2 billion acquisition of the startup.
Singapore’s biotechnology firm K2 Therapeutics raises $50M in seed financing from MPM BioImpact
K2 Therapeutics, a Singapore-based biotechnology company, has raised $50 million in seed financing from MPM BioImpact, the U.S. investment firm that founded the company in 2024.
Vietnam, Australia sign 5-year digital economy pact covering AI, semiconductors, data flows
Vietnam and Australia will further collaborate in artificial intelligence (AI), semiconductors, cross-border data flows, and undersea cable connectivity.
China’s Ant Group upgrades physician platform into AI workstation “AQ for Doctor” with 300,000 verified doctors
China's Ant Group, the operator of Alipay, has upgraded its physician platform "Haodf for Doctor" into "AQ for Doctor," an AI-powered workstation for physicians covering online consultations, patient management, clinical decision support, and medical research.
Singapore greenlights 900MW of solar imports from Malaysia’s Johor in two conditional approvals
Singapore's Energy Market Authority (EMA) has granted conditional approvals to two companies to import a combined 900 MW of electricity from Peninsular Malaysia to Singapore, generated from solar and battery energy storage systems (BESS) in Malaysia's Johor.
Singapore okays Texas Instruments’ $7.5B acquisition of Silicon Labs, amid fragmented global market
Singapore's Competition and Consumer Commission (CCS) has given its nods to Texas Instruments' proposed $7.5 billion acquisition of fellow US chipmaker Silicon Laboratories, finding that the deal poses no substantial lessening of competition in Singapore or globally.
GIC, Anthropic, Macquarie team up to develop data center infrastructure in US
Singapore investment firm GIC, Anthropic, Macquarie Asset Management have on Tuesday announced a strategic partnership to establish Theseus Infrastructure, a new platform to develop, operate and lease data center infrastructure at scale to Anthropic under long-term agreements.
Disconnected AI tools cost ASEAN workers 7 hours per week, despite 86% reporting improved work experience: Workday
Around one in five employees in ASEAN lose more than seven hours a week moving information and reconciling data between disconnected systems, even as 86 percent say AI has improved their day-to-day work experience.
Singapore AI-using firms see revenue, employment gains – government study
Singapore firms adopting artificial intelligence (AI) are seeing increases in revenue and employment, although the technology has yet to deliver statistically significant gains in productivity or profits within four years of adoption, a new study found on Tuesday.
