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Singaporeans open to using AI for personal finance, but call for regulation and transparency: MDRT survey

Singaporeans are increasingly embracing artificial intelligence (AI) in managing their personal finance, with a recent MDRT survey revealing that four in five (81 percent) are already using AI tools to take control of their money. MDRT said in a statement on Monday that the most common applications across all age groups include budgeting and expense tracking (50 percent), automating and...

2025-06-09 05:17:18

MAS clarifies regulatory regime for digital token service providers

The Monetary Authority of Singapore (MAS) has on last Friday clarified the applicable scope for its digital token service providers (DTSPs) regime. The regulator said in a statement that it issued on May 30, 2025 its response to feedback received on the Consultation Paper on Proposed Regulatory Approach, Regulations, Notices and Guidelines for DTSPs under the Financial Services and Markets Act...

2025-06-09 05:15:16

Atome secures $75M asset-backed facility from Lending Ark to expand financial access in the Philippines

Atome, Singapore-based buy now pay later (BNPL) provider and part of Advance Intelligence Group, announced Monday that it has secured a $75 million asset-backed financing facility from Lending Ark, to accelerate financial inclusion in the Philippines. Atome said in a statement that this strategic financing from Lending Ark Asia Secured Private Debt Fund advised by CITIC Securities CLSA Capital...

2025-06-09 05:13:24

Yinson GreenTech partners MPA to advance Maritime Digital Twin and support decarbonization in Singapore’s port

Yinson GreenTech announced last Thursday the signing of a memorandum of understanding (MoU) with the Maritime and Port Authority of Singapore (MPA) to advance the capabilities of the Maritime Digital Twin (MDT), platform that models Singapore’s port environment using real-time operational data. Yinson GreenTech said in a statement that the agreement which was formalized on the sidelines...

2025-06-09 05:11:38

Amazon launches infrastructure region in Taiwan

Amazon announced last Thursday the launch of the AWS Asia Pacific (Taipei) Region. The firm said in a statement that the new AWS Region will give developers, startups, entrepreneurs, and enterprises, as well as education, entertainment, financial services, healthcare, manufacturing, and nonprofit organizations, greater choice for running their applications and serving end users from AWS data...

2025-06-09 05:09:33

Penang launches GBS Industry Academy 2.0 to power and train 500 GenAI talent by 2026

Penang launches the Penang GBS Industry Academy (PGIA) 2.0: #GenAI Talent Ready, a forward-looking initiative aimed at developing next-generation artificial intelligence (AI) talent to accelerate innovation, support industry growth, and drive digital transformation. Spearheaded by InvestPenang, and supported by Malaysia Digital Economy Corporation (MDEC), Penang Skills Development Centre...

2025-06-09 05:06:59

Temasek’s ClavystBio, Lightstone Ventures back Allay Therapeutics’ $57.5M Series D financing

Allay Therapeutics, a clinical-stage biotechnology company, announced last Thursday the completion of a $57.5 million Series D financing round with leading global investors. The firm said in a statement that Lightstone Ventures and Temasek-backed ClavystBio co-led the Series D financing with participation by existing investors NEA, Arboretum Ventures, Vertex Growth, Vertex Ventures Healthcare,...

2025-06-09 05:04:15

From chatbots to agents: Why mid-sized companies are upgrading their conversational AI in 2025

In 2025, the evolution from basic chatbots to intelligent conversational agents is no longer a trend, it’s a business imperative. For mid-sized companies, the pressure to compete with large enterprises and meet rising customer expectations has reached a tipping point. As a result, more and more of these businesses are rethinking their digital interaction strategies and upgrading their...

2025-06-09 04:58:57

Gen Z wants more than ping pong tables: Can coworking spaces really keep them engaged?

The general consensus in the corporate world now is that it is harder for businesses to retain their current employees while also keeping it open and engaging for new employees. With Gen Z taking up 27 percent of the global workforce by 2030, the traditional expectations of what a workplace and corporate experience should be or feel like are no longer sought after. This means the strict 9-to-5...

2025-06-09 04:56:52

AirAsia MOVE denies price manipulation after Philippine authorities suspend ticket sales

AirAsia MOVE (MOVE), the travel platform under Malaysia-based Capital A Bhd, has denied allegations of fare overpricing and ticket manipulation following an order by Philippine authorities to suspend its airline ticket sales due to complaints of unlawfully inflated prices. MOVE Chief Executive Officer Nadia Omer said in a statement that the MOVE’s pricing mechanism is automated; there is...

2025-06-09 04:54:27

GoTo and Alibaba Cloud complete cloud migration for GoTo Financial

GoTo Group, the largest digital ecosystem in Indonesia, and Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, announced Thursday the successful migration of GoTo Financial’s infrastructure to Alibaba Cloud’s data centers in Jakarta, Indonesia. The duo said in a statement that this milestone marks a key achievement in the strategic partnership formed...

2025-06-09 04:46:55

TechMerger, SoutheastAsiaEconomy, RideHailing, DigitalTransformation, RegulatoryChallenges,

Singapore’s state investment firm Temasek Holdings has announced that former minister Teo Chee Hean will join its Board of Directors as Deputy Chairman on July 1, and succeed Lim Boon Heng, to become its fifth Chairman, on October 9, after the conclusion of its third-quarter board meeting this year. The firm said in a statement on Friday that as part of its board renewal process, Cheng...

2025-06-09 04:44:59

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