News
STMicroelectronics, NUS launch four-year lab to develop energy-efficient edge AI chips in Singapore
STMicroelectronics, an European chipmaker, and the National University of Singapore (NUS) launched a research lab to develop energy-efficient semiconductors for edge AI, the processing of AI tasks on or near a device rather than in the cloud.
UAE’s Fasset raises $68M Series C at $1B valuation, led by Japan’s SBI
The UAE-based Fasset, a stablecoin-based digital banking platform, has raised $68 million in a Series C funding round that valued it at $1 billion, led by Japan's SBI Group.
JC&C to sell Singapore, Malaysia car business to Indonesia’s Chandra Asri for $207M
Jardine Cycle & Carriage (JC&C), a Singapore-incorporated company, will sell its Cycle & Carriage automotive business in Singapore and Malaysia to CCHPL Holdings, a wholly-owned subsidiary of Indonesia's PT Chandra Asri Pacific, for an estimated S$265 million ($207 million).
Thailand venture capital firm Krungsri Finnovate invests in three global startups
Krungsri Finnovate, the corporate venture capital (CVC) arm of Krungsri (Bank of Ayudhya PCL), said on Monday that it has backed three global startups including AlpacaDB, Incorp (Alpaca), Qoala Technology PTE LTD and Whale Technologies Limited.
Eaton, Singapore Polytechnic team up to advance talent development in next-generation power infrastructure
Eaton, an Ireland-based intelligent power management company, and Singapore Polytechnic (SP) have on Wednesday signed a memorandum of understanding (MoU) to advance technical education in emerging power infrastructure technologies, including 800-volt direct current (800VDC) systems.
ResponsAbility closes Asia Climate Fund at $461M
Switzerland-based responsAbility Investments AG has successfully closed its Asia Climate Fund1 at $461 million, making it the firm's largest closed-end climate investment fund to date.
Samsung posts record $205.6B revenue in H1/2026, semiconductors deliver $96.2B or 97% of operating profit
South Korea's chaebol Samsung Electronics posted consolidated revenue of $205.6 billion for the first half of 2026, up 98.7 percent year on year, according to its semi-annual reported filed with the Korea Exchange (KRX).
MyDIGITAL, Pepper Lab team up to expand AI learning in Malaysia
MyDIGITAL Corporation and Pepper Labs have signed a memorandum of understanding (MoU) to expand AI learning through Rakyat Digital, combining Malaysia’s Digital Learning Hub with Pepper Labs’ Dapur Digital community network to help more Malaysians understand, use and benefit from artificial intelligence (AI).
Malaysia’s Oppstar, Alphaswift Industries gain access to Arm computing technology
The Malaysian government has on Friday presented offer letters to Oppstar Technology Sdn. Bhd. and Alphaswift Industries Sdn. Bhd. to obtain access to Arm Compute Subsystem (CSS) technology and the Arm Flexible Access (AFA) program under the Strategic Collaboration between the Malaysian Government and Arm Limited.
ESR appoints Dalmar Sheikh as Chief Executive Officer for data centers
Singapore-based assets manager ESR has appointed Dalmar Sheikh as Chief Executive Officer, ESR Data Centers, effective September 1, 2026.
