News
Backed by $450M Pentagon deal, US’ Elmet acquires 5% in Vietnam’s tungsten producer MSR
The Elmet Group, the U.S. tungsten producer that secured a $450 million investment from the U.S. Department of War in mid-September, will buy a 4.99 percent stake in Vietnam's Masan High-Tech Materials for $124.75 million, alongside a multi-year supply deal.
A*STAR expands A*StartCentral deep tech hub as supported ventures raise S$1.6B
Singapore’s A*STAR has launched A*StartCentral 2.0 with an 18,000-square-foot footprint, expanded labs and engineering capabilities, and more support for deep tech startups moving from research to commercialization.
Klook, Visa partner across six Southeast Asian markets on travel experiences
Klook and Visa have signed a memorandum covering Singapore, Malaysia, Thailand, Indonesia, the Philippines and Vietnam, combining travel experiences, cardholder offers and creator-led commerce.
Hong Kong’s fintech TROOPS to commit $12M to new Southeast Asia AI-infrastructure unit
TROOPS, a Hong Kong money-lending and property group listed on Nasdaq, will commit $12 million to launch a business unit building AI computing infrastructure in Southeast Asia.
Singapore’s NUS Enterprise rebrands as NUSX, launches AI licensing tool, sets outposts in Munich, Shanghai
NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS), has rebranded as NUSX and unveiled an AI tool for commercializing research patents along with new overseas outposts in Munich and Shanghai.
MAS flags risks from potential AI investment pullback
A sharp pullback in artificial intelligence (AI)-related investment and a reassessment of AI asset valuations could weigh on Singapore’s corporate earnings, household incomes and financial stability, the Monetary Authority of Singapore (MAS) said on Tuesday.
Vietnam’s data center operator CMC, Viettel petition ministry over power pricing after cutoff threat
Two of Vietnam's largest data-center operators, CMC and Viettel, have asked ministries to clarify a dispute over electricity pricing that brought their Ho Chi Minh City facilities close to a power cut-off.
US President Trump rejects ‘globalist’ AI control, clashes with OpenAI, Anthropic
U.S. President Donald Trump rejects international oversight of artificial intelligence (AI) as a "globalist scheme" and said the United States would rename the technology "super intelligence" in official documents.
Global technology, AI trend help boost Southeast Asia’s growth: ADB
The Asian Development Bank (ADB) raised its 2026 economic growth forecast for developing Southeast Asia to 4.7 percent, crediting the global technology and artificial-intelligence (AI) investment cycle and resilient electronics exports.
Mayo Clinic Laboratories invests in Pathology Asia and LifeStrands Genomics
Mayo Clinic Laboratories has invested in Singapore-based Pathology Asia Holdings and LifeStrands Genomics to expand advanced diagnostics and precision medicine across Asia Pacific.
