News
Malaysia’s Ficus Capital invests $430,000 in Singapore’s Web 3 firm in Morpheus Labs
Ficus Capital, a Malaysia-based environmental, social, and governance (ESG) Islamic-compliant venture capital firm, announced Tuesday its strategic investment of $430,000 in Morpheus Labs, an artificial intelligence (AI)-powered Web3 implementation platform based in Singapore, as it initiates its Pre-A Funding round.
Malaysia’s digital investments hit record high at $37B in 2024
Digital investments in Malaysia hit a record MYR 163.6 billion ($36.81 billion) in 2024, compared to MYR 46.8 billion ($10.53 billion) in 2023, driven by a stable government and pro-business policies in reinforcing the country’s reputation as a regional tech hub, Malaysia Digital Economy Corporation (MDEC) said Thursday.
Report discovers nearly 30,000 tech sector layoffs already in 2025
Over a hundred tech companies, primarily American, have laid off a minimum of 29,537 employees since January 2025, a report revealed recently.
Malaysia’s Petronas partners with Energy Institute for Asia’s energy transition
Malaysia's state-owned oil and gas firm Petroliam Nasional Berhad (Petronas) has forged a partnership with United Kingdom-based chartered professional membership body Energy Institute (EI) for Asia's energy transition.
Alibaba Cloud unveils latest AI offerings to advance Malaysia’s AI agenda
Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has unveiled its latest artificial intelligence (AI) models, solutions, upgraded infrastructure offerings in Malaysia to advance the country’s AI agenda.
LifeTech partners Kyndryl to establish security operations center on public cloud in Malaysia
Kyndryl, the global information technology (IT) infrastructure services provider, has on Thursday announced it entered into an agreement with LifeTech Group, a Malaysia-based managed cybersecurity services provider, to establish the first in-country security operations center (SOC) on public cloud in Malaysia.
Vietnam’s Techcoop secures $70M series A with equity and debt funding
Techcoop, a Vietnam-based integrated agritech platform, has successfully closed a $70 million Series A funding round, comprising equity and debt financing.
Transcelestial launches Singapore’s first inter-satellite laser communications mission
Transcelestial, a Singapore-based technology firm, has launched Singapore’s first inter-satellite laser communications mission, supported by the country’s national space office Singapore Office for Space Technology and Industry (OSTIn) and satellite downstream services provider ST Engineering Satellite Systems.
Indonesia’s Bumame secures Pre-Series A funding led by Alpha JWC Ventures for expansion
Indonesia-based health-tech firm Bumame has announced the successful completion of a funding round led by Alpha JWC Ventures, with participation from 500 Global and Kopital Ventures.
Singapore’s Horizon Quantum plans $500M SPAC merger with US’s dMY
Horizon Quantum Computing, the Singapore-based developer of advanced software development tools for quantum computers, has planned for $500 million merger with dMY Squared Technology Group, a publicly traded special purpose acquisition company led by Harry You.
