News

44 percent of Malaysian banks and development financial institutions (DFIs) are in the developing stage of artificial intelligence (AI) readiness, having moved beyond experimentation but still facing fragmented capabilities across data, skills and operating models, a survey by Asian Institute of Chartered Bankers (AICB) showed last Thursday.

Seviora Holdings Pte. Ltd., Temasek's main asset management platform, and Churchill Asset Management LLC, the U.S. asset management company of Nuveen Private Capital, have announced the closing of an approximately $400 million Collateralized Fund Obligation (CFO).

Singaporean sovereign wealth fund GIC has on last Friday announced changes to its senior management leadership team, which will come into effect on October 1, 2026.

France's Thales, Singapore's Singtel, Optus, AIS, and Globe Telecom have deployed a multi-operator enterprise eSIM connectivity network for the Internet of Things (IoT), enabling enterprises to remotely manage connected devices across multiple countries and networks through a single centralized platform.

MTR Lab and Hong Kong-Shenzhen Innovation and Technology Park Limited (HSITPL) have launched a Venture Partner Program connecting high-potential startups with funding opportunities, strategic guidance, and commercial partnerships to scale across AI, new energy, new materials, microelectronics, and robotics.

Only 29 percent of Singapore desk workers identify as AI sceptics, well below the global average of 37 percent and significantly lower than 53 percent in the United States, United Kingdom, and France.

Malaysia-based Petronas Carigali Sdn. Bhd has signed the third Joint Development Agreement (JDA) to advance its flagship TriCipta AI across the Upstream value chain.

As many as 76 percent of Singapore's mass affluent and high-net-worth investors use AI for finance and investment, above the global average of 72 percent, yet they continue to look to financial advisers to validate AI-generated insights before making investment decisions.

Bitdeer Technologies Group, a Singapore-headquartered technology company for AI and Bitcoin mining infrastructure listed on Nasdaq, has broken ground on anadvanced electronics manufacturing facility in Sparks, Nevada, investing $36 million in the plant, equipment, and construction.

South Korea, Taiwan, Thailand, and Malaysia, as the world's largest net exporters of AI-related hardware, were the standout performers of the current global technology cycle, driven by advances in and deployment of artificial intelligence (AI) tools, the International Monetary Fund (IMF) said in the July 2026 edition of its World Economic Outlook (WEO).