News

DBS, OCBC and UOB have successfully completed live domestic Singapore dollar transactions using tokenized deposits on Swift’s blockchain-based ledger.

More than a third of respondents (38 percent) say the ASEAN Digital Economy Framework Agreement (DEFA) is highly important to their business, while 50 percent rated it as moderately important, a survey conducted by the EU-ASEAN business council showed on Tuesday.

George Kent (Malaysia) Berhad has announced its partnership with Shandong Extreme Vision Technology Co., Ltd. (Extreme Vision), an artificial intelligence (AI) technology company listed on the Hong Kong Stock Exchange, to distribute agentic AI solutions in Malaysia, ASEAN.

The ASEAN Foundation has received endorsement of Southeast Asian education officials for an expanded program to equip more than 1.7 million students, teachers, and university staff with practical AI skills by the end of 2028.

Enterprise Singapore has opened an office in Boston, its fifth in the United States, to help Singapore companies expand on the U.S. East Coast, and has signed its first U.S. state-level partnership, with Massachusetts.

Belgium's insurer Ageas has completed the sale of its 30.95 percent stake in Maybank Ageas Holdings, the Malaysian parent of insurer Etiqa, to its partner Maybank for about €1.1B billion ($1.3 billion), ending a 25-year joint venture.

Australia’s VVMF has secured a TGA manufacturing license for its Westmead facility to produce specified viral vectors under GMP standards.

Grab has been pursuing growth through both acquisitions and expansion of its existing businesses, according to the report. Earlier this year, Grab acquired US-based Stash Financial Inc at an enterprise value of US$425 million and bought Foodpanda’s Taiwan operations from Delivery Hero SE for $600 million.

Thailand's Krungsri renewed a five-year agreement with Kyndryl covering core infrastructure, mainframe services, automation and AI-enabled operations.

Anthropic says it disrupted AI-orchestrated cyber operations and unauthorized attempts by labs to extract capabilities from Claude.