On location
VinFast offers $60,000 per new electric motorcycle showroom in Indonesia, Philippines
VinFast, the electric vehicle (EV) maker under Vietnamese conglomerate Vingroup, has offered dealer partners up to $60,000 for each new electric motorcycle showroom they open in the Philippines and Indonesia.
ST Engineering to open Transparency Centre in Singapore
ST Engineering plans to open a Singapore center in early 2027 to assess and strengthen autonomous vehicles, drones, robots and cyber-physical systems.
Zetwerk targets $2.64B valuation in $518M India IPO
India's Zetwerk is seeking a valuation of up to $2.64 billion in a $518 million IPO scheduled to open for public subscription on October 15.
Singapore’s Igloo expands beyond Asia Pacific with Turkey’s Sigortayeri partnership
The partnership marks Igloo’s first foray outside Asia Pacific, and makes it among the first in the Turkish market to cover cyber bullying. Mitsubishi Corporation, which has a long-standing relationship with Çalık Group including Aktif Bank, facilitated the partnership.
IMF projects global economy to grow 3.1% in 2026
The International Monetary Fund (IMF) projects global growth will slow to 3.1 percent in 2026 before recovering to 3.4 percent in 2027, while within Southeast Asia, Vietnam at 8.4 percent growth and Malaysia at 5.2 percent can lead the region.
Malaysia’s RewardinMe enters Myanmar, onboards major fintech player to gamified marketing platform
The expansion, made through a partnership with Thailand-based market-access and B2B consultancy RevSEA, kicked off last month with the launch of an 18-month gamified marketing campaign for one of Myanmar’s largest e-wallet providers.
Murphy Oil starts Vietnam oil production at Lac Da Vang, reports nearby discovery
The United States' Murphy Oil has begun production from its Lac Da Vang (Golden Camel) oil field offshore Vietnam and made an exploration discovery at a nearby well in the same block.
Temasek Trust partners World Bank Group to advance shared development priorities
Both organisations will explore co-financing and innovative financing approaches to mobilise additional resources, initially focusing on climate and energy, water, agriculture, and health.
Genting Malaysia & Alibaba Cloud explore new opportunities in AI & cloud technology
The MoU builds on the existing relationship between GENM and Alibaba Cloud, following their previous collaboration with Genting SkyWorlds Theme Park, where AI and cloud technology was explored to support the guest experience.
Philippines President Marcos backs Mitsubishi’s $700M investment in energy firm Ayala
Philippine President Ferdinand Marcos Jr. has lauded Mitsubishi Corp.'s investment of $700 million in energy firm Ayala Corp as among the largest foreign equity investments in the Philippines in recent years.
