News
Malaysia’s Sime Darby Property to develop additional data centers at Elmina Business Park
Malaysian property developer Sime Darby Property Berhad has on Monday announced the signing of a new build-and-lease agreement with Pearl Computing Malaysia Sdn Bhd, a wholly-owned subsidiary of a multinational technology company, which will see the development of additional data center facilities.
Thailand’s Central Food Retail partners with Google Cloud to launch AI shopping assistant
Thailand supermarket chain Central Food Retail Company Limited has partnered with Google Cloud to launch an artificial intelligence (AI) shopping assistant.
Analyst stays bearish on Thai electronics market outlook amid struggling Western EV sector
Despite positive momentum from the trade war, Maybank Investment Bank sees a bearish FY25 outlook for Thai electronics due to the struggling Western electric vehicle (EV) sector and looming impact from the Global Minimum Tax.
Maybank revises up GoTo Gojek Tokopedia revenue forecasts
Maybank Investment Bank has revised up Indonesian tech platform GoTo Gojek Tokopedia FY25/26 revenue forecasts by 17 percent/ 15 percent, after the firm's first nine months revenue beat its forecast.
Malaysia-listed Hextar Industries bags Luckin Coffee’s master franchise in Malaysia
Luckin Coffee’s entry comes at a time when Malaysians are seeing a rising number of local and international coffee chain brands and outlets in the country. Both local and international coffee brands are competing for a larger market share as US brand Starbucks faces ongoing boycott amid the Israel-Gaza war.
Teleport’s revenue rises in third quarter on higher delivery parcels moved
Capital A's logistics arm Teleport has reported higher revenue in the third quarter amid higher tonnage and delivery parcels moved.
AirAsia MOVE’s third quarter revenue declines on reduced sale of AirAsia flight tickets
AirAsia MOVE, the digital arm of Malaysia-based Capital A, has reported lower revenue during the third quarter ended September 30, 2024, mainly due to reduced sale of AirAsia flight tickets.
Malaysia’s Catcha Digital acquires 51 percent stake in Nexible Solutions for $2.56M to expand into SaaS and AI sectors
Malaysia-based digital platform Catcha Digital Berhad has announced its entry into a share sale agreement to acquire a 51 percent interest in Malaysian software as a service (SaaS) firm Nexible Solutions Sdn Bhd (Nexible) for a cash consideration of MYR 11.38 million ($310 million).
US e-commerce giant Amazon invested over $1.49B in Singapore
US-headquartered e-commerce giant Amazon announced on Thursday that it has invested more than S$2 billion ($1.49 billion) across its retail and cloud businesses in Singapore in 2023. This includes both capital expenditure such as improvements to existing infrastructures, including fulfilment centers, delivery stations, and data centers, and operating…
1337 Ventures Partners with GX Bank to lead TeXnovasi Accelerator
1337 Ventures, Malaysia-based venture capital firm, announced its role as the lead accelerator for TeXnovasi—an ambitious initiative by GXBank and Grab Malaysia, with support from Cradle and MYStartup.
