News
Maybank Invest ASEAN: Brighter outlook for key ASEAN markets, spurred by AI boom, supply chain migration & green transition
According to Maybank IBG Research, the broadening global electronics demand, spurred by the AI boom, has supported a modest economic recovery in the first half of 2024 and is brightening the second half outlook for the ASEAN-6 markets (Malaysia, Singapore, Thailand,Indonesia, Vietnam and the Philippines).
XM Studios partners EMERGE to elevate collector experience
XM Studios, a Singapore-based design studio for luxury handcrafted art collectibles, has on Monday announced a strategic partnership with EMERGE Group, a leading martech firm specializing in commercialization solutions with a rich portfolio of notable intellectual property (IPs).
Y-combinator-backed fintech startup Elevate secures $5M to expand operations
Elevate, a Y-combinator-backed fintech startup headquartered in London and Dubai, has successfully raised $5 million in financing to expand its operations in the Philippines.
TikTok’s parent ByteDance planning $2.1B investment to make Malaysia regional AI hub, minister says
The plan also aims to turn Malaysia into a regional AI hub.
The Sandbox raises $20M funding at $1B valuation cap
The Sandbox, a user-generated content (UGC) metaverse platform of Hong Kong-based Animoca Brands, announced Thursday that it has raised $20 million of convertible promissory notes with a $1 billion valuation cap.
Temasek led $208M equity investment in German radiopharmaceutical biotech firm ITM
Singapore state-owned investor Temasek has led EUR 188 million ($208 million) equity investment in German radiopharmaceutical biotech firm ITM Isotope Technologies Munich SE (ITM).
Tanco, CCCC Dredging (Group) join hands to develop Malaysia’s first smart AI container port
Malaysian property developer Tanco Holdings Berhad has partnered with Chinese infrastructure group China Communications Construction Company Limited (CCCC) to develop Malaysia’s first smart artificial intelligence (AI) container port.
Report : Malaysian knowledge workers use AI more than their global counterparts
Malaysian knowledge workers use artificial intelligence (AI) more than their global counterparts, a report said Thursday. Microsoft Corp and LinkedIn said in their 2024 Work Trend Index, a joint report on the state of AI at work, that 84 percent of knowledge workers in Malaysia (versus 75 percent globally) now use AI at work.
Foxconn to build advanced computing center in Taiwan based on NVIDIA Blackwell platform
Taiwan-based Hon Hai Technology Group (Foxconn) has Tuesday announced that it plans to build an advanced computing center in Kaohsiung, Taiwan, with the NVIDIA Blackwell platform at its core.
Tether invests $18.75M in Taiwanese blockchain-enabled financial institution XREX Group
Tether, the global digital asset firm, has announced a strategic investment of $18.75 million in XREX Group, a Taiwan-based fully regulated, blockchain-enabled financial institution.
