News

The family of Pham Nhat Vuong, Vietnam's richest billionaire per Forbes estimation and chairman of conglomerate Vingroup, has founded GSM VN Holding with a charter capital of VND43,313 billion ($1.7 billion).

Taiwan's Cooler Master, a computer hardware manufacturer, has invested $200 million in Vietnam's Bac Ninh province and plans to increase the investment to $3 billion.

Singapore-based Equator Renewables Asia (ERA), founded by entrepreneur Frank Phuan, has raised S$50 million to develop large-scale solar, green hydrogen and sustainable industrial zone projects across Indonesia.

AirTrunk, Asia Pacific-based hyperscale data center operator, has secured a JP¥191.6 billion ($1.24 billion) green loan to support the refinancing and continued development of its TOK1 hyperscale data center campus in East Tokyo.

DayOne, a Singapore-headquartered data center developer and operator and Cortical Labs, a biological computing startup in Melbourne, announced Tuesday a partnership to build Singapore’s first major Biological Data Center, a first of its kind outside Australia.

Vietnam's electric motorbike startup Dat Bike has secured a $4 million investment from local securities firm Thien Viet Securities JSC, the former announced Monday.

Artificial intelligence (AI) innovations developed by Indonesian women-led startups, such as hospital automation tools and inclusive communication platforms, are approaching Vietnam through a regional expansion initiative led by Indonesia-based Indosat Ooredoo Hutchison under its women-focused innovation program SheHacks.

Vietnam’s Ministry of Science and Technology is considering financial support of up to VND15 billion (about $570,000) for each “unprecedented” digitalization project.

The Securities Commission Malaysia (SC) said Monday that it will increase the flow of capital to innovative start-ups in high value-add sectors such as electrical and electronics, data infrastructure and medical devices.

Data shows that roughly 9,238, or about 20 percent of the 45,363 tech layoffs recorded worldwide since the start of the year, and have been linked to artificial intelligence (AI) implementation and organizational restructuring, RationalFX said Monday.