News
Singapore commits 0.6% of GDP to AI as IMF flags bust risk, labor disruption
Singapore has formally designated artificial intelligence (AI) as a national growth strategy, allocating 0.6 percent of GDP to the National Research Fund for AI capabilities and research in the FY2026 budget, the International Monetary Fund (IMF) said.
Malaysians are among the most digitally engaged consumers surveyed globally – IDEMIA
New IPSOS BVA global study showed Monday that Malaysians are among the most digitally engaged consumers surveyed globally, even as 87 percent of them express concerns around digital fraud.
61% of Singapore data analysts favor human AI oversight, highest globally, as governance gaps persist: Alteryx
As many as 61 percent of Singapore data analysts prefer a human-in-the-loop approach to AI, the highest share among all regions, as data quality and governance challenges continue to limit organizations' ability to act on AI-generated outputs.
Thailand cuts 3.8M tons of industrial CO₂ through cement clinker substitution
Thailand has reduced more than 3.8 million tons of carbon dioxide (CO₂) equivalent since 2019 through clinker substitution in the Industrial Process and Product Use sector, delivering results ahead of the country's Nationally Determined Contribution (NDC) roadmap timeline
Singapore’s Ant International closes $1.2B Series A with Ant Group, Alibaba
Singapore's Ant International has closed a Series A equity financing round of approximately $1.2 billion, with participation from existing investors Ant Group and Alibaba Group, alongside other unnamed international investment institutions.
GenAI tops Southeast Asia finance professionals’ skills wishlist, but proficiency-training lags: ACCA
Generative AI (GenAI) tools ranked as the single most critical future skill among finance professionals in Southeast Asia, yet 72 percent of respondents globally reported only basic or no GenAI proficiency.
Temasek-backed CuspAI raises $450M, reaches $2.6B valuation, launches AI materials discovery network
CuspAI has raised $450 million in a Series B round valuing the company at $2.6 billion, with Singapore's Temasek among the returning investors, the Cambridge-based AI firm said in a statement on Monday.
Vietnam’s Viettel targets first pre-commercial 6G call by early 2029 as Qualcomm’s first early access partner
Viettel High Tech, under Vietnam's top telco Viettel, has signed a 6G Platform Early Access Program agreement with US semiconductor company Qualcomm Technologies.
KWAP seeks recovery of $40M eFishery investment
Malaysia's public pension fund Kumpulan Wang Persaraan (Diperbadankan) [KWAP] said it is pursuing all available avenues to recover its MYR 163.4 million ($39.97 million) investment in Indonesian aquaculture startup eFishery after the company became embroiled in a financial fraud scandal that led to the imprisonment of its former chief executive.
Taiwan’s semiconductor firm Powertech Technology to invest $400M in Singapore chip packaging joint venture with Broadcom
Taiwan's semiconductor firm Powertech Technology plans to invest $400 million to establish a chip packaging joint venture in Singapore, in a cooperation with US semiconductor giant Broadcom.
