News
Luno, Halogen and Kenanga explore ringgit stablecoin for tokenized fund settlement
Luno Malaysia, Halogen Capital, and Kenanga Investors are exploring the use of a fully reserved ringgit-pegged stablecoin as an on-chain settlement instrument for tokenized money-market funds.
PolyU, Fudan establish AI healthcare lab with Suanova compute support
Hong Kong Polytechnic University and Fudan University have established a joint AI healthcare laboratory, with Suanova providing computing infrastructure and related technical support.
Vietnam approves Amazon’s Kuiper to test satellite-based telecommunications service
Amazon Kuiper Vietnam, the local satellite unit of U.S. technology group Amazon, has received a Vietnamese licence to run a private satellite-based telecommunications network.
Backed by $450M Pentagon deal, US’ Elmet acquires 5% in Vietnam’s tungsten producer MSR
The Elmet Group, the U.S. tungsten producer that secured a $450 million investment from the U.S. Department of War in mid-September, will buy a 4.99 percent stake in Vietnam's Masan High-Tech Materials for $124.75 million, alongside a multi-year supply deal.
A*STAR expands A*StartCentral deep tech hub as supported ventures raise S$1.6B
Singapore’s A*STAR has launched A*StartCentral 2.0 with an 18,000-square-foot footprint, expanded labs and engineering capabilities, and more support for deep tech startups moving from research to commercialization.
Klook, Visa partner across six Southeast Asian markets on travel experiences
Klook and Visa have signed a memorandum covering Singapore, Malaysia, Thailand, Indonesia, the Philippines and Vietnam, combining travel experiences, cardholder offers and creator-led commerce.
Hong Kong’s fintech TROOPS to commit $12M to new Southeast Asia AI-infrastructure unit
TROOPS, a Hong Kong money-lending and property group listed on Nasdaq, will commit $12 million to launch a business unit building AI computing infrastructure in Southeast Asia.
Singapore’s NUS Enterprise rebrands as NUSX, launches AI licensing tool, sets outposts in Munich, Shanghai
NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS), has rebranded as NUSX and unveiled an AI tool for commercializing research patents along with new overseas outposts in Munich and Shanghai.
MAS flags risks from potential AI investment pullback
A sharp pullback in artificial intelligence (AI)-related investment and a reassessment of AI asset valuations could weigh on Singapore’s corporate earnings, household incomes and financial stability, the Monetary Authority of Singapore (MAS) said on Tuesday.
Vietnam’s data center operator CMC, Viettel petition ministry over power pricing after cutoff threat
Two of Vietnam's largest data-center operators, CMC and Viettel, have asked ministries to clarify a dispute over electricity pricing that brought their Ho Chi Minh City facilities close to a power cut-off.
