News
Germany’s DDB AG acquires Singapore’s Infinium Robotics in $22M deal
German-listed Deutsche Defence Beteiligungen AG (DDB AG) has acquired Infinium Robotics, a Singapore-founded logistics technology company with deployments across Malaysian warehouse and logistics operations, in a transaction valued MYR95.6 million ($22 million).
MAS invites applications for 2026 Global FinTech Hackcelerator and FinTech Excellence Awards
The Monetary Authority of Singapore (MAS) announced Monday a call for applications and nominations for the 2026 Global FinTech Hackcelerator and the Singapore FinTech Festival (SFF) FinTech Excellence Awards.
Maybank turns positive on Malaysia’s technology sector on global AI, data-center spending
Maybank Investment Bank has turned positive on the Malaysian technology sector amid improvement in the earnings outlook and rising exposure across the space to global AI and data-center (DC)spending.
NVIDIA, Australia’s Firmus to jointly deploy 170,000 AI accelerators in Indonesia, targeting $30B in revenue
NVIDIA and Australia's AI facilitator Firmus Technologies will jointly provide global AI-native, enterprise, and ISV customers access to NVIDIA's AI accelerated computing stack, with the infrastructure to be deployed at Firmus' Batam campus in Indonesia.
Singapore sets 8 economic growth guides, to solve startup funding gap
Singapore has set concrete targets to support 10,000 small and medium enterprises (SMEs) and upskill 100,000 workers in artificial intelligence (AI) over the next three years, as part of the country's Economic Strategy Review (ESR) blueprint released last week.
Samsung invests $110M in healthcare firm GRAIL to expand cancer test into Korea, Asia
The United States-based healthcare firm GRAIL has closed an equity financing deal in which Samsung affiliates, including Samsung C&T Corporation, invested $110 million through the purchase of GRAIL common stock at $70.05 per share.
Foxconn to invests $91.6M more across Singapore, India, Mexico
Taiwan-based electronics giant Hon Hai Precision Industry (Foxconn) will invest $91.6 million in related-party capital increases across subsidiaries in Singapore, India, and Mexico, according to three filings of Foxconn with the Taiwan Stock Exchange (TWSE) this week.
MAS, ABS chart instant payments enhancements with PayNow Generation 2 study
The Monetary Authority of Singapore (MAS) and the Association of Banks in Singapore (ABS) announced Thursday they will be exploring four areas of enhancements to Singapore's national instant payments infrastructure as part of a PayNow Generation 2 (PayNow Gen2) study.
Swedfund invests $15M in Navegar Fund III to boost companies financing in the Philippines
Swedfund announced Thursday that it has committed $15 million to Navegar Fund III, a private equity fund focusing on mid-sized companies in the Philippines.
Lion invests $12M in Indonesian stablecoin and digital financial infrastructure firm Nusantara Bumi Sangkara
Lion Group Holding Ltd., an operator of an all-in-one trading platform and digital asset treasury holder, has announced an investment of $12 million in PT Nusantara Bumi Sangkara, an Indonesia-based technology company focused on digital financial solutions, including the issuance of the Indonesian Rupiah-pegged stablecoin NIDR.
