Latest news and trends about tech
Temasek-backed Azalea launches first private equity evergreen fund with $350M investment
Temasek-backed Azalea Investment Management Pte. Ltd. announced Friday the successful launch of Azalea All Access, its first private equity (PE) evergreen fund, with $350 million in initial commitments from a select group of anchor investors.
Singapore’s dConstruct raises $125M Series A as RoboNexus accelerator concludes inaugural cohort
Singapore-based dConstruct Technologies has closed a $125 million Series A funding round, marking the standout achievement of the inaugural cohort of Singapore's RoboNexus accelerator, a venture-building program under the National Robotics Program.
MAS partners industry to develop safeguards for AI Agents in finance
The Monetary Authority of Singapore (MAS), together with leading financial institutions and FinTechs, have on Friday published an industry white paper on developing safeguards for artificial intelligence (AI) agents in finance.
Singapore robotics startups expand overseas as RoboNexus accelerator wraps up
Singapore robotics and embodied artificial intelligence (AI) companies supported under the RoboNexus accelerator are scaling into global markets and achieving strong commercial outcomes, as the National Robotics Program (NRP) concludes its inaugural cohort.
Singapore’s family development ministry allocates $11.6M to pilot AI, technology solutions for social care
Singapore's Ministry of Social and Family Development (MSF) has announced a S$15 million ($11.6 million) investment over three years to incubate and pilot emerging technology projects in the social care sector.
Indonesia’s Polibeli Group plans 100MW AI computing center in Thailand
Nasdaq-listed Polibeli Group Ltd, an Indonesia-headquartered digital supply chain company, plans to establish a preliminary framework for evaluating a potential artificial intelligence (AI) computing center in Thailand.
NAPAS, VietinBank, Liquid Group launch Vietnam-Singapore cross-border QR payment
Vietnam's National Payment Corporation (NAPAS), lender VietinBank, and Singapore-based fintech Liquid Group have launched a cross-border QR payment service between Vietnam and Singapore, allowing Singapore payment app users to scan VietQRGlobal codes at merchant locations across Vietnam without needing cash or currency exchange.
Southeast Asia’s nuclear bottleneck is financial, not technical
The question is no longer whether nuclear has a role in Southeast Asia. The arithmetic of AI-era power demand settles that. The question is which market builds the financing architecture, the blended-finance layers, the offtake frameworks, the risk-sharing structures, to get the first plant in the ground. The first to do so will not just host a reactor. It…
Inflation is making AI trade more complicated, a lot worse for crypto
Looking past the Middle East crisis, central banks are continuing their gold purchases, which bodes well for the precious metal. Innovation never stops.
UOB breaks ground on $450M headquarters in Vietnam Ho Chi Minh City’s international financial center
UOB Vietnam, under Singaporean lender UOB, has started construction of its UOB Plaza Ho Chi Minh City, a $450 million tower located within Vietnam's International Financial Center (VIFC), making UOB the first foreign financial institution to invest in headquarters within the VIFC-HCMC precinct.
