Latest news and trends about tech
Honda’s EV losses to approach $12.5B across fiscal years 2026-2027
Japan's Honda Motor is set to book ¥1.97 trillion ($12.5 billion) in EV-strategy losses across fiscal years 2026 and 2027, equal to roughly three years of operating profit and more than a full year of total R&D spending.
Funding Societies secures new financing facility from Malaysia Debt Ventures Berhad
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.
Macnica acquires major stake in digital and enterprise software consultancy Orangeleaf Consulting
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’s Bitdeer signs $4.7B Norway data center deal with AI infrastructure startup Volta
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.
SAP appoints Ellian Teo as Managing Director for Malaysia
Global software firm SAP SE announced Monday the appointment of Ellian Teo as Country Managing Director for SAP Malaysia.
Temasek’s GenZero invests in clean energy platform PCG Global
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.
Singapore FinTech Association launches Payments Industry Code of Conduct for Singapore
The Singapore FinTech Association (SFA) together with industry players has on Monday launched its Payments Industry Code of Conduct.
Tighter digital rules could cost South Korea 130 startups and $910M in VC funding annually: Oxford Economics
More restrictive digital regulations in South Korea could reduce startup formation by 8 percent, equivalent to 130 fewer startups per year, and cut venture capital (VC) investment by 10 percent, or ₩1.3 trillion ($910 million) less annually.
Payment dependability is Singapore’s next differentiator
Singapore’s digital payments market is mature. The next competitive test is whether merchants can keep checkout fast, reliable, and trusted when demand peaks.
China’s Tencent makes AI model Hy3 available globally through WorkBuddy, cloud, developer platforms
Tencent Hy3 (formerly known as Tencent Hunyuan), the latest large language model developed by China's Tencent, is now available for international access, following the model's official release on July 6.
