Maybank Investment Bank said Wednesday that Indonesia’s new logistics rules to benefit third-party logistic providers. The research house said in a note that it believes the regulation will benefit third-party logistics and instant delivery companies. “In the listed space, we think Antar Aja (3PL), and instant delivery Go-Send (GoTo’s services) and Grab Express will be beneficiaries,” it said. Meanwhile, it said the push towards green logistics will boost demand for...

TNGlobal is honored to host the ORIGIN Southeast Asia Conference, scheduled for 1:30 to 4:00 PM, May 22, 2025, at STAGE W, Cotai Expo, as part of the BEYOND International Technology Innovation Expo 2025(BEYOND Expo). ORIGIN Conference is TNGlobal’s premier international content track about the latest developments in the Asia tech and startup scene, where international industry leaders and technology innovators from across the region gather to share trends, experiences, and leadership...

StraitsX, a Singapore-based digital payment infrastructure provider, announced Tuesday the launch of its Singapore dollar-backed stablecoin, XSGD, on the XRP Ledger (XRPL), a decentralized layer-1 blockchain. The firm said in a statement that the deployment marks the first phase of a broader collaboration with Ripple, a contributor to the XRP Ledger and a global leader in enterprise blockchain and crypto solutions. The initiative aims to accelerate the adoption of regulated stablecoins...

Investigate VC, a Singapore-based early-stage venture capital firm focused on high-growth startups with defensible network effects, has announced the launch of its new fund series – Fund 2 (I-III). The platform targets over $500 million in assets under management across three vintages (2025, 2027, and 2029), scaling a proven investment strategy with global reach and institutional-grade structure, the firm said in a statement on Monday. The new series builds on the success of...

Vietnam-based information technology (IT) firm FPT Corporation has signed a strategic partnership agreement with China-based banking solutions and services provider Sunline to accelerating digital transformation in banking sector. FPT said in a statement on last Friday that under the agreement, FPT will support Sunline in system integration competencies across digital banking, digital lending, and core banking, drawing on more than two decades of experience delivering technology services and...

The National Payment Corporation of Vietnam (NAPAS), in collaboration with global payment technology company Mastercard, officially announces the launch of Vietnam’s first co-badged card with six leading banks: Agribank, BIDV, TPBank, Nam A Bank, PVcomBank and Vikki. This marks a significant milestone in ensuring cardholders a seamless payment experience for domestic and international transactions using a single card, NAPAS said in a statement on last Thursday. This launch follows...

Whale, a Singapore-based enterprise artificial intelligence (AI) company, has announced the successful completion of two consecutive funding rounds — Series C1 and Series C2—raising a total of over $60 million. The firm said in a statement on Monday that in its May 2025 Series C2 round, the firm brought in new strategic investors, including BOSCH Ventures, MTR Lab, Singtel Innov8, MDI Ventures, and Gentree Fund. This follows the Series C1 round completed in early 2023 which had...

The Monetary Authority of Singapore (MAS) is seeking feedback on proposals to streamline prospectus requirements and broaden investor outreach channels for initial public offerings (IPOs). MAS said in a statement last Thursday that these proposals seek to smoothen the listing process for issuers and widen options to reach out to potential investors. These proposals fall into three main areas of focus – streamlining prospectus disclosures for IPOs; simplifying the process for secondary...

Carnegie Mellon University (CMU), Arm and SoftBank Group Corp. (SBG) announced last Thursday that Arm and SBG will contribute $15.5 million to CMU to support its partnership with Keio University (Keio), a collaboration to accelerate the global advancement of artificial intelligence (AI). Softbank said in a statement that a year ago, the United States and Japan launched a research partnership to accelerate advancements in AI on a global scale. The partnership will bring the two countries...

Taiwan-based Hon Hai Technology Group (Foxconn) announced Monday that it is partnering with NVIDIA and to build a state-of-the-art artificial intelligence (AI) Factory supercomputing center in Taiwan. Foxconn said in a statement that this initiative aims to provide the latest NVIDIA Blackwell infrastructure to industry, government, and academia across the region, accelerating Taiwan’s research and application of artificial intelligence. At the same time, Foxconn’s subsidiary,...

The overhang on the data center theme in Malaysia has eased for now, after the United States scrapped its artificial AI diffusion rules that were proposed during the wane of the Biden Administration, RHB Investment Bank said Monday. The research house said in a note that the proposed data center builds in Malaysia will no longer be subject to graphics processing unit (GPU) cap restrictions, which would have stifled data center related investments. Media reports indicate that the US...

Brookfield Asset Management, a global alternative asset manager headquartered in New York, announced last Friday a S$535.3 million ($413 million) acquisition of two business parks and a high-tech industrial building in Singapore, its first investment in the city state. Brookfield said in a statement that the assets will be acquired from Mapletree Industrial Trust, a Singapore-listed real estate investment trust (REIT) focused on investing in income-producing data centers globally and...