SEA

UN Office on Drugs and Crime (UNODC) has on Monday estimated financial losses between US $18 billion and $37 billion from scams targeting victims in East and Southeast Asia in 2023 alone, with a high proportion of these losses attributed to scams committed by organized crime groups in Southeast Asia.

EMERGE Group will leverage its extensive network of Web3 gaming partnerships, including collaborations with Gala Games, Immutable X, TZ APAC, Sei and other leading Web3 gaming projects, to identify synergies and advance Web3 game publishing.

Southeast Asia (SEA) tech startups funding plunge 59 percent in the first nine months of 2024 amid global challenges, a report said Friday.

GenAI Fund, through its latest report, has projected the funding for ASEAN generative artificial intelligence (GenAI) sector to increase 50 percent year-over-year in 2025.

Salmon intends to allocate a portion of the proceeds to strengthen the capital base of the Rural Bank of Sta. Rosa (Laguna), with plans to increase the bank's total capital to PHP 1.2 billion by the end of 2025.

The surge in electricity demand is outrunning the available power supply in many parts of the world, leading to growing concerns of outages and price increases for the most data center dense regions, Bloomberg reported.

This joint solution provides a dual-mode approach to banking infrastructure modernisation, designed to seamlessly coexist alongside the existing infrastructure of incumbent financial institutions.

Maybank Investment Bank said Tuesday that it expects data center demand in ASEAN to increase at 20 percent compound annual growth rate (CAGR) and a potential data center total addressable market (TAM) of $11 billion per year till 2028.

Mox Capital, venture capital firm based in the United States, has announced its strategic support for a vast array and variety of regional high-potential startups across Vietnam and Southeast Asia.

To meet growing demand and peak season volumes, J&T Express said it has continued to ramp up its local investments and network enhancements across Southeast Asia.