News

Vietnam plans to recognize digital assets and virtual assets as valid loan collaterals for small and medium-sized enterprises (SMEs), under a draft amendment to the law on support for SMEs.

ST Telemedia Global Data Centers (STT GDC) has on Tuesday announced a partnership with Alibaba Cloud and Tech Talent Assembly, an affiliated association under the National Trades Union Congress (NTUC) to accelerate the adoption of generative and agentic artificial intelligence (AI) across Singapore’s enterprises and workforce.

Italy-based Industrie De Nora has signed an agreement to wholly acquire Singapore-based BW Water in a deal between $61.5 million and $66.5 million.

Australasian venture capital firm Pacific Channel announced Tuesday the acquisition of ENGIE Factory Asia-Pacific Pte Ltd, along with the portfolio of securities it holds in seven early-stage climate-tech ventures focused on solar solutions, cooling, climate markets, sustainable housing, bioenergy, and data center efficiency.

Enterprise Singapore (EnterpriseSG) and the Infocomm Media Development Authority (IMDA) have launched the refreshed Retail Industry Digital Plan (IDP) on Tuesday, to guide over 2,000 small and medium-sized enterprise (SME) retailers on their digital transformation efforts.

The Civil Aviation Authority of Singapore (CAAS) has awarded France-based defense-aerospace giant Thales a contract to develop a national Unmanned Aircraft Systems Traffic Management (UTM) system.

China’s online and mobile payment platform Alipay  has introduced its full-stack AI payment solution to partners across industries, ranging from AI companies to traditional retailers, and debuted two new services, namely the world’s first AI Wallet and Token Pay, to support the agentic economy’s rapid growth.

The Australian Government has committed up to $10 million to Fund II of Vietnam's Do Ventures , in order to support climate-focused businesses in Vietnam and strengthening the country’s climate investment market.

KPMG has launched a Trusted Artificial Intelligence Centre of Excellence in Singapore, aimed at helping organizations strengthen governance and trust in artificial intelligence systems as adoption accelerates across industries.

VinFast, the electric vehicle manufacturer under Vietnam's conglomerate Vingroup, has appointed Pham Nhat Quan Anh, the eldest son of VinFast CEO Pham Nhat Vuong, as Chairman of the Board of Directors, effective May 23, as the company prepares for its next phase of global expansion.