News

PingPong, a Chinese provider of cross-border payment solutions, has secured in-principle approval from the Monetary Authority of Singapore (MAS) for a Capital Markets Services (CMS) license.

ESR, a Singapore-based real asset owner and manager, and PT MC Urban Development Indonesia (MCUDI), a wholly owned subsidiary of Mitsubishi Corporation, have entered into a joint development agreement to develop two institutional‑grade logistics and industrial facilities in Greater Jakarta.

Singapore-based Carousell Group, a multi-category classifieds and recommerce platform focusing on Southeast Asia, has achieved positive EBITDA in its fiscal year 2025, with revenue growing 18 percent year-on-year to $141 million, nearly tripling since FY21.

Singapore's Minister for Digital Development and Information Josephine Teo and Grab Co-founder and Group CEO Anthony Tan are among more than 40 founding members of the newly-launched AI for Good Global Commission.

Singapore-headquartered fintech M-DAQ Global has signed definitive agreements for a strategic integration with METech, the majority shareholder of PayME, a licensed payments service provider in Vietnam, giving M-DAQ its own regulated payments infrastructure in the country with direct access to Vietnamese dong collection and payout rails.

LG Innotek is set to kick off the construction of its $1 billion semiconductor substrate packaging plant in Vietnam's northern coastal city of Hai Phong, in the third quarter of 2026.

Boost, a Malaysian digital bank and fintech company, has announced enhancements to Boba AI, its agentic AI platform that enables customers to complete everyday banking tasks through chat and voice interactions across the Boost app and Boost Bank app.

TP, a global digital business services company, and Singapore-based regulated digital payments provider dtcpay will jointly deliver 24/7 customer engagement operations, supporting dtcpay's customers and merchants in English and Mandarin across digital and voice channels.

Southeast Asia's tech companies raised a combined $7.4 billion in first half of 2026 — more than double the $3.2 billion raised in the same period a year earlier — even as the number of funding rounds and first-time funded companies both declined, Tracxn said last Friday.

AscentHR, an India-based human resource technology provider announced Monday the acquisition of OS HRS, a Malaysia-based payroll outsourcing provider, to strengthen its position in Asia Pacific (APAC).