News
Insurtech Igloo expands Philippines strategy as insurance market hits $8.4B
Singapore-headquartered insurtech firm Igloo has appointed Ramjit Lahiri as its Philippines Country Head, as the country’s insurance premiums reached PHP502.6 billion ($8.37 billion) in 2025 amid ongoing gaps in coverage and penetration.
Abu Dhabi’s AppliedAI expands to Singapore, Malaysia, Hong Kong
The Abu Dhabi-headquartered technology firm AppliedAI has announced its expansion into the Asia-Pacific with new offices in Singapore, Malaysia, and Hong Kong, alongside the launch of Opus 2.0, its platform for deterministic orchestration of frontier AI agents in regulated industries.
Skye Renewables Energy raises $15M funding from responsAbility for SEA expansion
Skye Renewables Energy Pte Ltd, a solar energy developer based in Singapore, has secured $15 million funding from responsAbility Investments AG.
Vietnam’s HDBank partners with London Stock Exchange, plans $300M green bond issuance
HDBank, associated with Vietnamese female billionaire Nguyen Thi Phuong Thao, has signed a strategic partnership with the London Stock Exchange to support Vietnamese businesses in accessing international capital markets, alongside plans to issue up to $300 million in green bonds.
AI adoption in Singapore hits 64%, only 18% reach advanced stage: HubSpot
As many as 64 percent of Singapore businesses are now consistently using artificial intelligence (AI) in daily workflows, but only 18 percent have progressed to deploying fully autonomous systems capable of making decisions and executing tasks independently, according to new research from HubSpot.
Indonesia’s supply chain growth platform Baskit raises $4.4M Series A to expand Southeast Asia operations
Indonesia-based Baskit, a technology and financial services platform focused on digitizing offline distribution networks in Southeast Asia, has secured $4.4 million in a Series A funding round.
Malaysia’s AI-powered digital lender Ryt Bank surpasses 1.2M users in 7 months of launch
Ryt Bank has exceeded 1.2 million users just over seven months after its launch in August 2025, the lender said in a release on Tuesday.
Korea’s POSCO Future M to invest $400M in battery materials plant in Vietnam
POSCO Future M will invest at least $400 million in Song Cong 2 Industrial Park in Thai Nguyen province, northern Vietnam, in order to build its first large-scale battery materials manufacturing facility in Vietnam.
ZTE, CIMB expand strategic partnership to support 5G deployment, digital infrastructure across ASEAN
ZTE Corporation, a China-based information and communication technology solutions provider, has entered into a memorandum of understanding (MoU) with CIMB Bank Berhad (CIMB), to establish a strategic cooperation framework aimed at supporting digital infrastructure development across ASEAN.
Sri Lanka, Alipay+ partner up to tap 1.8B users in tourism push
LankaPay, Sri Lanka Tourism Development Authority, and Alipay+ have entered into a strategic collaboration aimed at boosting Sri Lanka’s tourism appeal and attracting international visitors, particularly from Asia and the wider Asia-Pacific region.
