News
Tencent subsidiary’s WeChat Malaysia granted Malaysia Digital status, to expands local operations
WeChat Malaysia Sdn. Bhd., a subsidiary of Chinese tech giant Tencent, has been awarded “Malaysia Digital” (MD) status by the Malaysia Digital Economy Corporation, marking a step in the company’s expansion within Malaysia’s digital sector.
Microsoft to invest $5.5B in Singapore’s cloud, AI development
Microsoft will invest $5.5 billion in cloud and artificial intelligence (AI) infrastructure and operations in Singapore between 2025 and 2029, as part of efforts to support the country’s growing role in the global digital economy, the tech giant said in a press release on Wednesday.
Vietnam’s Hanoi capital city urges ride-hailing service Grab to utilize green energy vehicles
The Department of Construction in Vietnam's Hanoi capital has urged couriers and ride-hailing services, including Singapore-headquartered Grab, to build plans to utilize green vehicles, such as electric vehicles (EV).
Financial-payment platform Airwallex ready for full commercial launch in Malaysia
Airwallex, co-headquartered in Singapore and California, has received approval from Bank Negara Malaysia, the central bank of Malaysia, for its e-money issuing and Class A licences, enabling the company to offer a broader range of payment services in Malaysia.
Asia remains world’s most wallet led region as A2A payments accelerate – Worldpay
Asia Pacific (APAC) remains the world’s most wallet led region, with digital wallets accounting for 77 percent of online spend ($ 2.7 trillion) and 63 percent of in-person spend ($6.3 trillion) in 2025 – the highest share of any region worldwide, Worldpay (now Global Payments) said Wednesday.
Singapore-headquartered BDX Data Centers secures $320M loan for AI expansion in Indonesia
BDx Data Centers has secured a $320 million loan facility to support the expansion of its digital infrastructure footprint across Asia, the Signapore-headquartered data center operator with a focus on the Asia-Pacific market said in a release on Wednesday.
Exa Labs opens first Asia office in Singapore to advance AI search infrastructure
Exa Labs, the United States-based AI search engine firm, has on Monday announced the opening of its first Asia office in Singapore.
Malaysia’s insurtech firm PolicyStreet raises $21M in Series C funding round
Malaysia-founded PolicyStreet has secured RM84 million (US$21 million) in the first close of its Series C funding round, the insurtech firm said in a press release on Wednesday.
Agoda opens new APAC tech hub in Bangkok
Headquartered in Singapore, Agoda is part of NASDAQ-listed Booking Holdings and employs more than 7,000 staff globally.
Malaysia’s digital banks collectively served 2.4M customers, with total deposits of $1.04B by end of 2025
All five digital banks have collectively served 2.4 million customers, with total deposits of MYR 4.2 billion ($1.04 billion) in Malaysia by end of 2025, its central bank's annual report showed Tuesday.
