News
IFC backs Southeast Asia’s first semiconductor-grade polysilicon plant in Malaysia with $125M
The World Bank Group’s private-sector arm, the International Finance Corporation (IFC), is partnering with OCI TerraSus Sdn. Bhd., a subsidiary of South Korea’s OCI Holdings, to build Southeast Asia’s first semiconductor-grade polysilicon plant in Malaysia, backed by $125 million in IFC funding.
Vietnam slaps 0.1% personal income tax on digital asset transaction
Vietnam applies a 0.1% personal income tax on the value of each digital asset transaction, according to the Ministry of Finance’s Circular 32/2026.
Toyota to build $360M factory line in Vietnam to manufacture hybrid vehicles
Japan's automotive manufacturer Toyota is set to invest $360 million in building a hybrid vehicle line within its factory in Vietnam, Toyota Vietnam CEO Hirata Osamu said.
Singapore’s Sembcorp to jointly build $450M data center in Vietnam HCMC
StarMason JSC, a joint venture between Singapore's Sembcorp Development and Vietnam's BB Holdings, has received investment approval for the proposed development of a state-of-the-art hyperscale- and AI-ready data center campus in Saigon Hi-Tech Park (SHTP), Ho Chi Minh City.
Thailand sets new rules for E-commerce platforms to curb unfair trade
Thailand’s Trade Competition Commission (TCCT) has introduced new guidelines for e-commerce platforms, setting out standards on pricing and business conduct aimed at curbing unfair trade practices and preventing market dominance in the country’s fast-growing digital economy.
KWAP to commit $47M in Malaysia’s Lestari Cooling Energy
Malaysia’s national public sector pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) is expected to commit up to MYR 190 million ($47.38 million) of capital in Lestari Cooling Energy Sdn. Bhd.
Singapore’s Tazapay raises $36M Series B funding led by Circle Ventures
Tazapay, a Singapore-based payment infrastructure provider for emerging markets, announced the close of its Series B extension led by Circle Ventures, bringing total Series B funding to $36 million.
Foxconn invests $287M in Vietnam unit Fulian Precision Technology Component
Taiwan's Hon Hai Precision (Foxconn), a global electronic manufacturer known for making Apple, Sony, and Xiaomi products, has poured an additional $287.1 million in its Vietnam-based wholly-owned unit Fulian Precision Technology Component.
SC launches ICM Innovation Lab to advance Maqasid al-Shariah driven Islamic capital market innovation
The Securities Commission Malaysia (SC) announced Thursday the establishment of the ICM Innovation Lab (FIKRALab), a structured co-creation and applied research and development (R&D) platform to develop new Islamic capital market (ICM) products and instruments.
Australia’s Lynas, Korea’s LS Eco Energy to jointly product rare earth metals in Vietnam
South Korea's LS Eco Energy, under South Korea's giant LS Cable & System, in a cooperation with Australia's Lynas Rare Earth, will build a rare earth metal factory in Vietnam, the Australian firm announced Thursday.
