Singapore

Funding Societies announced Monday that it has secured a new working capital financing facility from Malaysia Debt Ventures Berhad (MDV), a subsidiary of the Minister of Finance of Malaysia, to support technology-driven and underserved Malaysian small and medium-sized enterprises (SMEs) through its platform.

Japanese technology firm Macnica, Inc has acquired a major stake in Orangeleaf Consulting Holdings Co. (OLC), a Singapore-registered, Malaysian-founded digital transformation and enterprise software consultancy with operations across Malaysia, Japan and Singapore.

Singapore-headquartered Bitdeer Technologies has signed a 16-year colocation lease and services agreement with Volta Tydal AS, a subsidiary of AI infrastructure platform Volta, to deliver 121 IT megawatts at its Tydal campus in Norway.

PCG Global, a Singapore-based clean energy platform focused on renewable energy infrastructure, has announced the closing of its Pre-Series A financing round, led by GenZero, a wholly owned Temasek platform focused on accelerating decarbonization globally.

The Singapore FinTech Association (SFA) together with industry players has on Monday launched its Payments Industry Code of Conduct.

Singapore businesses expect agentic AI to generate a return on investment of $9.8 million over the next two years, nearly double last year's estimate of $4.9 million, according to "The SAP Value of AI Report 2026" study conducted by Germany's software giant SAP and Oxford Economics.

Keppel Infrastructure Trust (KIT), managed by Singapore's Keppel Infrastructure Fund Management, has committed €34 million ($37 million) to acquire a 45 percent effective stake in a second German solar portfolio from Dutch company Enpal B.V.

Only 29 percent of Singapore businesses can produce an audit trail to prove AI-driven decisions to regulators, shareholders, or customers, trailing the Asia-Pacific average of 38 percent who hold a tamper-proof audit trail.

Grab, the Singapore-based superapp, reported revenue of $1.95 billion for the first half of 2026, up 23 percent year-on-year, with profit for the period of $355 million compared with $30 million a year earlier, Grab said in its quarterly review released on Tuesday.

SB Telecom Singapore, a subsidiary of Japan's SoftBank, Singapore's SC ZEUS Data Centers, and Malaysia's Robust HPC Group will collaborate to develop AI data center infrastructure across Southeast Asia, with initial deployments focused on Malaysia, Thailand, Indonesia, and Vietnam.