Asia

Digitalization can be a powerful tool to help reduce persistent economic inequality in Asia and the Pacific—but to harness its potential, governments need to narrow “digital gaps,” including gaps in infrastructure, access, and skills, according to a new report by the Asian Development Bank (ADB).

Primer, the Tencent-backed fintech firm, has announced that it has ‘set down roots’ in Singapore, incorporating in the city state following a strong year of growth in Asia-Pacific, which saw a 239 percent increase in payment volume.

YäRKEN, an artificial intelligence (AI) native information technology (IT) financial management (ITFM) platform for enterprise clients, has announced a fundraising round led by 1982 Ventures.

Lightstorm, a provider of digital network infrastructure connectivity solutions headquartered in Singapore, has announced the successful integration of the assets acquired from RTI Cables, further enhancing its global subsea and terrestrial network.

Google.org has on Monday announced the expansion of the its AI Opportunity Fund by $12 million, to help more workers, small businesses and nonprofits in Asia Pacific (APAC) to make the most of artificial intelligence (AI) in their communities.

SOUEAST has unveiled a strategic three-stage plan for the next few years, beginning with ICE and PHEV in left-hand drive markets, moving to a balanced portfolio for right-hand drive regions, and ultimately prioritizing EVs for the European Union by 2030.

Pegatron, a Taiwan-based technology firm, has partnered with Telkomsel, an Indonesia-based digital telecommunications provider and first 5G operator, to accelerate smart manufacturing transformation in Indonesia.

Inadequate investment in power grids is holding back developing countries in Asia and the Pacific from embracing the full benefits of an energy transition, including enhanced energy security, the creation of millions of green jobs, and the expansion of electricity access, the Asian Development Bank (ADB) said in its new report.

Malaysia-based Capital A Berhad has on Friday announced that it is actively exploring a potential listing on the Hong Kong Stock Exchange (HKEX), as part of its strategic effort to broaden access to global capital markets and position its ecosystem of digital and aviation services businesses for the next phase of growth.

The financial inclusion in Asia is projected to reach 80 percent by 2030, analysts at digital financial solutions provider UnaFinancial said Wednesday.