News
Prudential officially launches global AI Lab in Singapore
The Prudential AI Lab was developed with support from the Ministry of Digital Development and Information (MDDI), the Economic Development Board of Singapore (EDB) and the Monetary Authority of Singapore (MAS). It has been launched in partnership with Google Cloud, which is providing Prudential employees with end-to-end technical support and access to…
AirAsia MOVE taps Fullsing Industrial Park for China expansion
AirAsia MOVE, a Malaysia-based online travel agent (OTA) platform, has entered into an investment cooperation framework agreement (ICAF) with Fullsing Industrial Park, a premier industrial zone in Haikou, Hainan.
HubSpot: despite the hype, only 27 percent of Singapore businesses officially implemented AI
A new report from HubSpot, the customer platform for scaling businesses, has found that despite an ongoing focus on artificial intelligence (AI) growth and adoption in Singapore, only 27 percent of local organizations have officially implemented AI or AI-enhanced tools to support employees with their work.
Singapore’s Locad raises $9M in Pre-Series B fundraise co-led by Global Ventures, Reefknot Investments
Singapore's logistics firm Locad has raised $9 million in Pre-Series B fundraise co-led by Global Ventures and its existing investor Reefknot Investments.
620,000 employees in Malaysia will be affected by the influence of AI, digital, and green economy trends, official study shows
Approximately 620,000 employees will be highly impacted over the next three to five years due to the influence of artificial intelligence (AI), digital, and green economy trends, based on a study on the impact of AI, digital technology, and the green economy on the Malaysian workforce.
Temasek-backed 65 Equity Partners acquires 13 percent stake in Chinese cloud platform Tuya
Tuya Inc., a China-based cloud platform service provider, has on Monday announced that a definitive agreement has been entered into in respect of a strategic investment by 65 Equity Partners through its purchase of an approximate 13 percent of Tuya's total issued shares from New Enterprise Associates (NEA).
Buy Now Pay Later market in Southeast Asia set to exceed $50B by 2027 – report
Analysts of UnaFinancial forecast that by 2027, the Buy Now, Pay Later (BNPL) market in Southeast Asia will reach $53.2 billion across six key countries, with Indonesia leading at $16.8 billion and making up 32 percent of the market. The Philippines and Malaysia will experience the fastest growth between 2024 and 2027, with the Philippines projected to grow…
Singapore’s Oneteam raises $2.6M seed round to revolutionise SME succession through employee ownership
The round was led by Wavemaker Ventures, the early-stage fund of Wavemaker Partners.
Singapore’s Atome Financial secures up to $200M syndicated facility to support financial inclusion in Southeast Asia
The new facility is anchored by HSBC through its ASEAN Growth Fund and is also supported by DBS Bank Ltd, Sumitomo Mitsui Banking Corporation (SMBC) Singapore branch and Brunei’s Baiduri Bank.
Deloitte: Malaysia leads SEA region with record IPOs this year
Malaysia has led Southeast Asian (SEA) region with record initial public offerings (IPOs) this year, Deloitte said Tuesday.
