News
Malaysia’s Batik Air teams up with China’s YeePay on travel payments
Malaysia-based budget airline Batik Air and YeePay, one of China's payment service providers, have signed a strategic Memorandum of Understanding (MOU) to strengthen connectivity between China and Malaysia through integrated digital payment and air ticket distribution solutions.
Southeast Asia’s shift to digital payments accelerates as merchant searches jump – PayMongo
As digital commerce matures in Southeast Asia, the region's shift to digital payments is accelerating as merchant searches jump, according to a PayMongo’s analysis of five years of Google Trends data across six markets: Singapore, the Philippines, Indonesia, Malaysia, Thailand, and Vietnam.
Singapore Central Bank’s Chief sees sustainability of AI investment boom a key risk for financial market
The Monetary Authority of Singapore (MAS) Managing Director Chia Der Jiun said Tuesday that he sees the sustainability of the artificial intelligence (AI) investment boom as one major uncertainty for financial markets and financial stability.
US nuclear services firm EXCEL launches Vietnam subsidiary with offices in Hanoi, Ho Chi Minh City
The United States-based EXCEL Services Corporation has established EXCEL Services Vietnam, a new subsidiary supporting Vietnam's nuclear power development.
US-based T1 Energy acquires TOPCon solar patents from Singapore’s Evervolt for $135M
US-based solar manufacturer T1 Energy (NYSE: TE) has acquired foundational solar patents and other intellectual property from Singapore-based Evervolt Green Energy Holding for a total consideration of $135 million.
AutomationSG launches TIA-Ready framework for trusted industrial artificial intelligence
AutomationSG, a professional trade association in Singapore representing companies and professionals in the automation, internet-of-things (IoT), and robotics sectors, has on Wednesday launched the Trusted Industrial AI Ready (TIA-Ready) Framework.
US to invest $2.5B in Southeast Asia, including AI initiative, $1.5B in energy
The United States is investing more than $2.5 billion in Southeast Asia, headlined by a new artificial intelligence (AI) initiative to export American AI technology across the region and a $1.5 billion platform to build out energy infrastructure.
Singapore establishes taskforce to strengthen cyber and technology resilience against AI-driven threats
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announced Tuesday the establishment of the AI-Driven Cyber and Technology Risk Taskforce (ACT), an industry-wide initiative to strengthen collective cyber and technology resilience in response to the emerging risks posed by frontier artificial intelligence (AI) models.…
Japan’s ITOCHU, Vietnam’s FPT Software to jointly establish Global Tech Center for AI transformation
Japan's sogo shosha ITOCHU has established a Global Tech Center (GTC) and formed a partnership with FPT Software, the software contractor under Vietnam's technology giant FPT to drive AI transformation across its overseas group companies.
Switzerland’s Cicor to acquire Malaysia factory of Singapore’s EDMI in $20M deal, targets $50M annual revenue
Switzerland's Cicor Group (SIX: CICN), a contract electronics manufacturer, will acquire EDMI Electronics Sdn. Bhd. in Johor, Malaysia, which is in turn a manufacturing subsidiary of Singapore-headquartered smart metering company EDMI Limited, for $15 million-$20 million.
