News
Singapore’s Groundup.ai secures $10M maintenance contract
Groundup.ai, Singapore-based agentic AI for cognitive maintenance, announced Monday it has officially closed a contract exceeding $10 million — the largest in the company’s history.
Thailand’s Nightify raises $500,000 to expand nightlife experiences
Nightify, a Thailand-based platform focused on discovering, booking, and managing nightlife experiences, has raised a total of US$500,000 in seed funding, in a round led by A2D Ventures and other angel investors across the hospitality, retail, and consumer sectors.
Southeast Asia-focused courier J&T Express records $12.2B revenue in 2025, up 19%
Indonesia-headquartered J&T Global Express, a global logistics service provider affiliated with China's smartphone brand Oppo, reported a revenue of $12.2 billion in 2025, up 18.5% year-on-year, the firm said in a release on Monday.
Singapore-based Bitcoin mining facilitator Bitdeer to jointly develop 180 MW AI data center in Norway
Bitdeer Technologies Group, a Singapore-headquartered technology firm focusing on artificial intelligence (AI) and Bitcoin mining infrastructure, will jointly develop an AI data center in Norway, with a capacity of 180 MW.
Japan’s Furukawa Electric to invest $345M in data center cooling production in Philippines, Thailand, China
Furukawa Electric is set to invest at least JPY55 billion ($345 million) in expanding data center cooling production in the Philippines, Thailand, and China, the Japanese firm said in a release on Monday.
Maybank completes on-chain tokenized FX and cross border payment via MYR-SGD corridor
Malaysia's largest lender Maybank has successfully completed the first transaction under its inaugural pilot project for tokenized deposits and cross-border payments with Yinson Holdings Berhad, a Malaysia-based energy infrastructure company.
IFC backs Southeast Asia’s first semiconductor-grade polysilicon plant in Malaysia with $125M
The World Bank Group’s private-sector arm, the International Finance Corporation (IFC), is partnering with OCI TerraSus Sdn. Bhd., a subsidiary of South Korea’s OCI Holdings, to build Southeast Asia’s first semiconductor-grade polysilicon plant in Malaysia, backed by $125 million in IFC funding.
Vietnam slaps 0.1% personal income tax on digital asset transaction
Vietnam applies a 0.1% personal income tax on the value of each digital asset transaction, according to the Ministry of Finance’s Circular 32/2026.
Toyota to build $360M factory line in Vietnam to manufacture hybrid vehicles
Japan's automotive manufacturer Toyota is set to invest $360 million in building a hybrid vehicle line within its factory in Vietnam, Toyota Vietnam CEO Hirata Osamu said.
Singapore’s Sembcorp to jointly build $450M data center in Vietnam HCMC
StarMason JSC, a joint venture between Singapore's Sembcorp Development and Vietnam's BB Holdings, has received investment approval for the proposed development of a state-of-the-art hyperscale- and AI-ready data center campus in Saigon Hi-Tech Park (SHTP), Ho Chi Minh City.
