News
Vietnam’s EV manufacturer VinFast reports $3.9B net loss in 2025
VinFast, the electric vehicle (EV) manufacturer under Vietnam's top conglomerate Vingroup, reported a revenue of $3.6 billion and delivery of 196,919 vehicles in 2025, according to its preliminary and unaudited financial results released on Tuesday.
Singapore’s dtcpay raises $10M in Series A led by Vertex Ventures SEA & India
Dtcpay, a digital payments company headquartered in Singapore, announced Tuesday it has raised $10 million in Series A funding led by Vertex Ventures Southeast Asia & India.
Malaysia boosts AI, semiconductor push for technological sovereignty amid global uncertainties
Malaysia is intensifying efforts to strengthen its domestic technological capabilities in artificial intelligence (AI), semiconductors, digital technology, and innovation, as the country seeks strategic control over the technologies that will underpin its future economy.
Vietnam opens $266M national space center with Japanese support
The Vietnam National Space Center, developed with official development assistance (ODA) from Japan, was inaugurated on March 13 with the participation of Vietnamese Prime Minister Pham Minh Chinh.
Digital Edge secures $665M to advance AI-ready hyperscale campus in Indonesia
Singapore's data center operator Digital Edge has on Monday announced the successful close of a $665 million green loan to support the development of the first phase of its 500MW CGK Campus in the GIIC Industrial Estate in Bekasi – a $4.5 billion multi-phase investment and one of Indonesia’s largest artificial intelligence (AI)-ready hyperscale data center…
MyCIF unveils New Silver Economy Scheme and VC-Led ProfitSharing Incentive to ease MSME funding access in Malaysia
The Malaysia Co-Investment Fund (MyCIF) has on Monday announced the new initiatives - New Silver Economy Scheme and VC-Led ProfitSharing Incentive - for micro, small, and medium enterprises (MSMEs) to seek funding in emerging growth areas and make it easier for investors to access high quality investment opportunities.
TNB and TM team up for green energy and digital infrastructure expansion in Malaysia
Malaysia's utility firm Tenaga Nasional Berhad (TNB) and telecommunication firm Telekom Malaysia (TM) have announced a strategic collaboration to strengthen cooperation in green energy solutions while developing smarter, more sustainable, and interconnected energy and telecommunications infrastructure across the country.
Wavemaker Impact leads $700K pre-seed investment in Singapore’s Virdalis
Virdalis, a Singapore-based biotechnology company developing protein from Wolffia globosa—commonly known as duckweed—has secured US$700,000 in pre-seed funding led by Wavemaker Impact.
Hong Kong-headquartered insurer FWD Group announces senior leadership appointments
FWD Group Holdings Limited has announced several senior leadership appointments, including David Junius as Managing Director & Group Chief Financial Officer (CFO) from July 1, 2026; Alex Wong as Group Chief Actuary; and Khun Knattapisit Krutkrongchai as Chief Executive Officer for Thailand effective May 11, 2026.
GrabForGood Fund commits $3.2M for community program in Southeast Asia
Grab Holdings announced a $3.2 million commitment for 2026 from the GrabForGood Fund to support education, community care and disaster relief programs across Southeast Asia, the Singapore-headquartered technology giant said in a release last Friday.
