News
Japan’s ITOCHU, Vietnam’s FPT Software to jointly establish Global Tech Center for AI transformation
Japan's sogo shosha ITOCHU has established a Global Tech Center (GTC) and formed a partnership with FPT Software, the software contractor under Vietnam's technology giant FPT to drive AI transformation across its overseas group companies.
Switzerland’s Cicor to acquire Malaysia factory of Singapore’s EDMI in $20M deal, targets $50M annual revenue
Switzerland's Cicor Group (SIX: CICN), a contract electronics manufacturer, will acquire EDMI Electronics Sdn. Bhd. in Johor, Malaysia, which is in turn a manufacturing subsidiary of Singapore-headquartered smart metering company EDMI Limited, for $15 million-$20 million.
Malaysia’s Sime Darby Property sets up $640M green Sukuk program for data centers
Malaysia-based Sime Darby Property NEV (Holdings) Sdn. Bhd, a member of Sime Darby Property Berhad’s New Economy Venture (NEV) platform, has established a Sukuk Program of up to MYR 2.60 billion ($640 million) to finance the development of build-to-suit-to-lease data centers, and industrial and logistics assets.
Singapore crypto payments firm Triple-A says own digital assets hit by unauthorized access
Singapore-based digital payments firm Triple-A said on Monday that it had detected unauthorized access to wallets containing the company's own digital assets, but stressed that customer funds were not affected and all services had returned to normal.
Singapore’s Psalion launches $50M fund for next wave of blockchain adoption
Singapore digital asset firm Psalion announced Monday the launch of its third and largest venture fund to date, a $50 million vehicle aimed at the next wave of blockchain adoption.
US’s Apollo to invests $1.5B in Singapore’s Keppel offshore energy fund
The United States-based alternative asset manager Apollo (NYSE: APO) will invest $1.5 billion through Apollo-managed funds and affiliates into Keppel Ltd.'s Keppel Offshore Fund (KOF), a portfolio of offshore energy assets managed by Singapore's Keppel (SGX: BN4).
HSBC to open global AI center in Singapore in H2/2026, hiring 100 specialists
HSBC is establishing a Global AI Center of Excellence in Singapore in the second half of 2026, hiring more than 100 AI specialists to develop artificial intelligence (AI) capabilities for deployment across its global network.
Maybank sees Singtel as a long-term beneficiary of Physical AI in ASEAN
Maybank Investment Bank said Monday that it sees Singapore's largest mobile network operator a communications technology group Singtel as a long-term beneficiary of Physical AI in ASEAN, while its data centers, GPU-as-a-Service (GPUaaS) offering and connectivity assets position it well to capture near-term growth from digital artificial intelligence (AI).
ASEAN+3 growth forecast raised on stronger AI demand – AMRO
ASEAN+3 Macroeconomic Research Office (AMRO) said Monday it is projecting the ASEAN+3 region to grow by 4.1 percent in 2026, up from its June forecast of 4 percent, reflects sustained momentum in the region’s technology sector, particularly robust demand for semiconductors and other artificial intelligence (AI)-related products.
Egypt’s Fincart raises $2.8M seed round to expand e-commerce platform across Africa, Middle East
Egypt-based Fincart, a shipping platform, has closed an oversubscribed $2.8 million seed funding round co-led by Launch Africa and Antler MENAP, with participation from Yango Ventures, Five35 Ventures, Bluestream Capital, Hi2 Global, Kalahari Venture Labs, and other MENA and Africa-focused investors.
