SEA

Singapore dominates Southeast Asia’s $1.1B robotics sector funding

Southeast Asia’s robotics sector has raised $1.1 billion in all-time equity funding across 51 funded companies, with Singapore leading the region with $986 million bet.

MoneyHero reports $15.8M in Q2 revenue, 10.1M members

MoneyHero reported second-quarter revenue of $15.8 million, down 13 percent year over year. Registered membership rose 17 percent to 10.1 million.

high-rise buildings at night

Singapore banks complete live SGD tokenized-deposit transactions

DBS, OCBC and UOB completed live domestic Singapore-dollar interbank transactions using tokenized deposits on Swift's blockchain ledger.

Thailand fast-tracks $3.66B investment pipeline and adds tech IPO incentives

Thailand selected 17 projects worth a planned 121 billion baht for FastPass and announced added tax incentives for eligible BOI-promoted listings.

blue solar panel boards

US sets final solar trade margins for Indonesia and Laos

US Commerce finalized solar-cell trade margins for Indonesia and Laos, with antidumping findings of 94.36% and 65.43%. Final duty orders await an October 14 injury vote.

World Bank launches initiative to help local financial institutions expand digital payments in emerging markets

The International Finance Corporation (IFC), a member of the World Bank Group focused on the private sector, has launched a risk-sharing initiative to help banks, fintechs, and other financial institutions in emerging markets expand access to digital payments for consumers and small businesses.

More than a third of respondents say DEFA is highly important to their business – EU-ASEAN business council

More than a third of respondents (38 percent) say the ASEAN Digital Economy Framework Agreement (DEFA) is highly important to their business, while 50 percent rated it as moderately important, a survey conducted by the EU-ASEAN business council showed on Tuesday.

ASEAN Foundation expands AI-skills programme to train 1.7M students, teachers by 2028

The ASEAN Foundation has received endorsement of Southeast Asian education officials for an expanded program to equip more than 1.7 million students, teachers, and university staff with practical AI skills by the end of 2028.

Grab in talks to buy SoftBank-backed fintech firm Atome — report

Grab has been pursuing growth through both acquisitions and expansion of its existing businesses, according to the report. Earlier this year, Grab acquired US-based Stash Financial Inc at an enterprise value of US$425 million and bought Foodpanda’s Taiwan operations from Delivery Hero SE for $600 million.

Krungsri and Kyndryl executives at a partnership signing ceremony

Krungsri renews Kyndryl core banking agreement for five years

Thailand's Krungsri renewed a five-year agreement with Kyndryl covering core infrastructure, mainframe services, automation and AI-enabled operations.