Singapore

Singapore eyes global leader in AI solutions, AI-empowered economy

Singapore is eyeing making the country as a global leader in artificial intelligence (AI) solutions, and an AI-empowered economy.

DBS deepens commitment to FAST-P with $210M financing for Energy Transition Acceleration Finance Partnership

Singapore lender DBS announced Wednesday that it is providing a $210 million senior financing facility to ETAFCo, the investment vehicle supporting the displacement strategy of the Energy Transition Acceleration Finance partnership (ETAF) under Singapore’s Financing Asia’s Transition Partnership (FAST-P) initiative.

Meta launches Digital Dialogue IRL in Singapore to help teens, parents navigate online safety

Meta has launched Digital Dialogue IRL, a free interactive experience designed to help teens, parents, educators, and community stakeholders have conversations about online safety, social media habits, and digital wellbeing.

Singapore-based SuperX AI eyes 1 GW data center cluster in Kazakhstan

Singapore-headquartered SuperX AI Technology Limited plans to invest in a 1-GW data center cluster in Kazakhstan, executives expressed at a meeting with Prime Minister Olzhas Bektenov, on the sidelines of the World Economic Forum's "Summer Davos" in China.

SoftBank-backed car marketplace Carro said to explore US IPO – report

Backed by Japan-based SoftBank Group, Carro is also considering a second listing in Singapore, the report added.

Energy Transition Acceleration Finance Partnership under Singapore’s FAST-P initiative raises $250M in first close

The Monetary Authority of Singapore (MAS), Clifford Capital, and the Private Infrastructure Development Group (PIDG) announced Wednesday that the Energy Transition Acceleration Finance partnership (ETAF) has achieved its first close with $250 million in committed capital for its displacement strategy.

Singapore’s ChemT Biotechnology raises $4M seed round to build AI intelligence layer for biomanufacturing

ChemT Biotechnology, an AI-driven biotechnology company based on Singapore, has closed a $4 million seed round led by Wavemaker Ventures and co-investment partner SEEDS, an arm of SG Growth Capital, with support from Wavemaker 360 Health, Draper University Ventures, and Temasek Life Sciences Accelerator.

Singapore’s Libeara raises $14M in GSR-led strategic round to scale infrastructure for regulated digital assets

Singapore-based digital asset infrastructure firm Libeara, announced Tuesday the successful close of a $14 million strategic funding round led by global market maker GSR.

ComfortDelGro advances global AV push with Zig Driverless launch in Punggol

Singapore-based transport operator ComfortDelGro Corporation Limited announced Monday the launch of public rides on its Zig Driverless shuttles in Punggol, marking its second autonomous public service globally after its robotaxi pilot in Guangzhou, China.

Singapore’s Singtel sells 2.8% stake in Thailand’s Gulf Development for $775M, nears $7B asset recycling target

Singapore's Singtel has sold 2.8 percent of its stake in Gulf Development, Thailand's largest energy company, for approximately S$1 billion ($775 million), generating cumulative equity gains of approximately $109 million.