Singapore

The authorities in Vietnam's Ho Chi Minh City have granted Evolution DC VN HCMC a 50-year lease on about 4.96 hectares of land in the Saigon Hi-Tech Park for a $508 million data center project, invested by Singapore business.

VNG Group JSC, a leading technology firm in Vietnam, will buy back a majority stake in VTH Software Development JSC for VND480 billion ($18.3 million), after its Singapore-based partner STT GDC withdrew from a planned data center project on the site of VTH.

Taiwan's Hon Hai Precision Industry, known globally as Foxconn, will invest $265 million more into its manufacturing operations in Vietnam and $57 million more in Singapore, according to filings with the Taiwan Stock Exchange (TWSE) dated August 12-18.

Neocrete, a New Zealand company that develops technology to cut the carbon and cost of concrete, has raised $3.5 million in a funding round led by returning investor Wavemaker Ventures, with participation from Icehouse Ventures and new investor Catalytic Capital for Climate and Health, a vehicle backed by Temasek Trust.

Carousell Malaysia, under Singapore-based recommerce platform Carousell, has added SPX Express as a delivery option on its marketplace, giving sellers label-free parcel drop-off at more than 1,000 SPX service points across West Malaysia.

Timah Partners, a Singapore-based holding company that buys small and medium-sized enterprises from retiring owners, has secured a S$60 million ($47 million) debt facility to fund acquisitions in Singapore.

Equinix, a data center operator based in the United States, has signed its fourth renewable energy power purchase agreement in Singapore since 2024, an agreement with Flo Energy Singapore for at least 11.5 MWp of solar power.

The share of Singapore enterprises using agentic AI tools more than doubled to 51 percent in 2026 from 22 percent a year earlier, according to an annual survey by the United States-based workflow software firm ServiceNow.

Malaysia remained Grab's biggest revenue source in the first half of 2026, generating $622 million as the Singapore-based superapp's total revenue climbed 23 percent year-over-year to $1.95 billion.

The United States-based marketing software company Klaviyo has opened its Asia headquarters in Singapore with support from the Singapore Economic Development Board.