News
Maybank sees Shopee margins bottom and enter more sustained expansion phase
Maybank Investment Bank said Wednesday that Singaporean technology firm Sea's results and its management positive expectations have reinforcing its view that Shopee margins have bottomed and are entering a more sustained expansion phase.
Malaysia’s FatHopes Energy and Vietnam’s PVOIL team up for sustainable aviation fuel production
FatHopes Energy, a Malaysian waste-based feedstock solutions for Sustainable Aviation Fuel (SAF) firm, has entered into a strategic partnership with PetroVietnam Oil Corporation (PVOIL) to establish Vietnam’s first nationwide used cooking oil (UCO) collection ecosystem for sustainable aviation fuel production.
Malaysian government-backed VentureTECH invests $7M into three high-growth firms
VentureTECH Sdn. Bhd., a Malaysian government-backed impact investment company, announced Wednesday its strategic investments amounting to MYR 28 million ($7 million) into three Bumiputeraled high-growth, high-value (HGHV) companies.
Dutch chipmaker NXP breaks ground on Malaysia factory, expanding site to 900,000 sq ft
NXP Semiconductors, a Dutch chipmaker, broke ground on a new assembly and test factory expansion in Petaling Jaya, Malaysia, expecting to more than double the facility's output once fully operational.
Marketing firm Klaviyo opens Asia headquarters in Singapore as AI reshapes shopping
The United States-based marketing software company Klaviyo has opened its Asia headquarters in Singapore with support from the Singapore Economic Development Board.
SpaceX’s satellite Internet service Starlink officially launches in Vietnam
Starlink, the satellite internet service operated by billionaire Elon Musk's SpaceX, has officially launched commercial service across Vietnam.
Singapore’s STT GDC secures $1.37B green financing for Johor data center campus
ST Telemedia Global Data Centres (STT GDC), a Singapore-based data center operator, has secured a green financing facility of up to $1.37 billion to fund the development of STT Johor, its data center campus in Johor, Malaysia.
Singapore’s Graas raises $17 million Series B, acquires product-data startup Trustana
Graas, a Singapore-based retail commerce AI company, has raised $17 million in a Series B round and acquired Trustana, a Singapore-based product-data platform.
U Mobile partners with OpenAI in OpenAI’s first Malaysia telco collaboration
Malaysian mobile operator U Mobile has entered a strategic collaboration with OpenAI to integrate artificial intelligence (AI) across its operations, also OpenAI's first collaboration with a telecommunications provider in Malaysia.
Data center boom ushers in a new era of infrastructure risks and opportunities for insurers – Allianz
Artificial intelligence (AI) is driving one of the largest infrastructure investment cycles in decades, but the rapid global build-out of data centers is also creating a new era of construction, operational, climate and insurance risks, according to the latest Allianz Commercial The data center construction boom: risks and claims trends report revealed on…
