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Business development companies (BDCs) and wealth managers are the most vulnerable sectors to artificial intelligence (AI)-driven credit risks within financial institutions, Fitch Ratings said Monday.

Malaysia-based Catcha Digital Berhad announced Wednesday that it has inked a deal to acquire Malaysian International Food & Beverage Trade Fair (MIFB), a food and beverage trade event for a cash consideration of MYR 3.97 million.

Binance, among the largest cryptocurrency exchanges in the world, is recruiting a General Manager for its office in Vietnam.

The European Union will invest €560 million ($649 million) in sustainable transport and clean energy, in order to support economic growth, job creation, and pollution reduction.

Green Xentro has launched the initial phase of a 2,500-unit fleet of fully electric (BEV) taxis in Rizal province, under a strategic partnership with the mobility platform Green GSM.

Japan-based Cybozu, a collaborative office software company known for its Kintone platform, has committed an initial $6.4 million investment to expand its operations in Malaysia.

Amity, an AI and software company based in Thailand, has announced a $100 million Series D funding round, among the largest GenAI-focused investments in Southeast Asia to date.

Singapore-based Singtel Innov8 has backed Chinese robotics company ROBOTERA's RMB 1 billion ($145 million) strategic round.

Vietnam's top telecommunications firm Viettel is set to invest VND4,000 billion ($151.8 million) in expanding 5G coverage in Ho Chi Minh City this year, in order expand the 5G service to nearly all citizens in the city.

SeaX Ventures, a venture capital firm focusing on Southeast Asia, will continue investing in RyboDyn, a biotechnology startup based in the United States, as part of the latter's $10 million seed funding round.