News
Maybank sees limited impact on Grab from Indonesia eight percent commission cap
The proposed cap on ride-hailing commissions in Indonesia is expected to have a limited earnings impact on Grab Holdings, with analysts estimating a manageable hit to adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) even as regulatory uncertainty weighs on sentiment.
ADB, Japan launch joint initiative to strengthen energy security in Asia, Pacific
The Asian Development Bank (ADB) and Japan announced Monday a new joint initiative to support countries and businesses in Asia and the Pacific facing rising energy prices, while accelerating the transition to more resilient and sustainable energy systems.
France-based payment service IDEMIA partners PayNet to expand in Malaysia
France-headquartered IDEMIA Secure Transactions (IST) has announced a strategic partnership with Payments Network Malaysia (PayNet) to support the expansion of digital payments in Malaysia.
Malaysia’s DuitNow QR more than doubled in 2025 to three billion transactions
QR payments have emerged as a preferred option among Malaysians, with transaction volumes on the DuitNow QR more than doubling to three billion transactions in 2025, underscoring both the scale and speed of adoption, Bank Negara Malaysia said.
Singapore healthcare firm UltraGreen.ai secures approval for Verdye surgery
UltraGreen.ai Limited (SGX: ULG) has received regulatory approval in Singapore for Verdye, an indocyanine green (ICG) injection used in fluorescence-guided surgery.
Crypto trading firm GSR secures strategic investment from SC Ventures
GSR, a crypto capital markets and liquidity partner, has secured strategic investment from SC Ventures, the fintech investment arm of Standard Chartered.
Grab posts $120M profit in Q1, revenue grows 24%
Singapore-based superapp Grab announced Tuesday that its revenue grew 24 percent year-over-year to $955 million in the first quarter, driven by continued growth across its on-demand and financial services segments.
Singapore’s AI work platform firm ReN3 raises $5M seed round led by Vertex Ventures
ReN3, an enterprise agentic AI work productivity platform focused on accuracy and flexible deployment, has raised $5 million in a seed funding round led by Vertex Ventures Southeast Asia & India.
Google Labs to jointly launch applied AI Lab in Vietnam
Google Labs’ AI Futures Fund and Vietnam's Saigon AI Hub (SAIH) will jointly establish an Applied AI Lab, marking a new collaboration to support artificial intelligence development in the country.
Taiwan’s electronic giant Lite-On to invest $149M more in Vietnam to expand capacity
Taiwan’s electronic giant Lite-On (Liteon) will invest $149 million more into its wholly owned subsidiaries in Vietnam, according to its filings with the Taiwan Stock Exchange (TWSE) in late April.
