The Securities Commission Malaysia (SC) has on Tuesday published a consultation paper to seek public feedback on a proposed framework for tokenized capital market products. SC said in a statement that tokenized capital market products refer to the digital representation of capital market products using distributed ledger technology (DLT) such as tokenized shares, tokenized bonds and tokenized funds. It said tokenized capital market products should be differentiated from digital tokens and...

Grab, Southeast Asia’s superapp, announced Monday leadership appointments in Singapore and Vietnam, effective July 1, 2025. Grab said in a statement that Alejandro Osorio who currently leads Grab Vietnam, has been appointed as Managing Director of Grab Singapore. Meanwhile, Ma Tuan Trong, presently the Country Commercial Head in Vietnam, will assume the role of Managing Director of Grab Vietnam. Additionally, Yee Wee Tang, a pioneering leader at Grab who has led the Singapore...

Lightstorm, a provider of digital network infrastructure connectivity solutions headquartered in Singapore, has announced the successful integration of the assets acquired from RTI Cables, further enhancing its global subsea and terrestrial network. The firm said in a statement on Tuesday that with over 75 Tbps of capacity, connectivity across 25+ data centers, and coverage in 7 key markets—Tokyo, Sydney, Brisbane, Guam, Hawaii, Los Angeles, and Singapore, the firm is redefining the...

Vietnam-based information technology (IT) firm FPT Software announced Monday the full acquisition of David Lamm Consulting, a German IT consulting company highly experienced in the energy sector. This strategic move reaffirms FPT’s commitment to deepening its presence across Germany and Europe, while enhancing its capabilities in delivering digital solutions and services for energy and utilities companies, one of the key growth drivers that contributes nearly 50 percent to FPT’s...

About 1.54 billion seconds were spent by persons in using non-bank digital lending applications in the Philippines in 2024, according to new analysis from Digido. Philippine-based financial platform said in a statement on Tuesday that an examination of 47 digital lending applications duly-registered to operate in the country, including Digido, revealed that the lion’s share of activity remained with platforms specializing in personal loans at 76.4 percent, followed by ‘buy now,...

Neufast, a Singapore-based multilingual recruitment and language training platform, announced Tuesday it has raised $1.1 million in a Pre-Series A funding round led by Wavemaker Ventures, the early-stage fund of Wavemaker Partners, with participation from existing backer Wings Capital Ventures. The new round will fuel product development, market expansion, and enhancement of Neufast’s proprietary AI capabilities–to meet growing demand for inclusive, efficient recruitment and...

XWeave, a Singapore-based cross border payments through stablecoins, announced Monday a $3 million seed funding round led by Jungle Ventures via First Cheque@Jungle and Lightshift. The round included follow-on investment from Menyala – venture studio founded byTemasek, and participation from new investors, White Star Capital, Fabric Ventures, DCG, The Venture Dept. and other prominent angel investors, XWeave said in a statement. With this funding, XWeave plans to expand its network...

Malaysia’s state-owned agency Center for Technology Excellence Sarawak (CENTEXS) has announced an expanded skills training collaboration with Amazon Web Services (AWS) that will help Sarawak achieve its vision of becoming Malaysia’s premier artificial intelligence (AI) state by 2027. This expanded initiative builds upon our successful 2024 CENTEXS AI training program that certified 32 local talents in AWS Cloud Practitioner, Architecting and AI/machine learning (ML),...

Malaysia’s premier parenting platform Nuren Group Limited has announced the engagement of ZICO Evolve Capital Sdn Bhd as its financial advisor for initial public offering (IPO) structuring and readiness in connection with the proposed listing on the Nasdaq Stock Exchange in the United States. Nuren said in a statement on Monday that The proposed listing marks a significant milestone in its next phase of growth as the firm together with its subsidiaries seek to broaden their capital...

Krenovator Technology Sdn. Bhd., a Malaysia-based artificial intelligence (AI)-powered tech talent platform, announced Monday that it has secured seed funding from Ignite Asia, a venture capital and private equity principals firm in Singapore and Malaysia. The amount of the funding remains undisclosed, and the round was officially closed in early 2025, Krenovator said in a statement. The newly secured capital will be strategically deployed to expand Krenovator’s team and bolster its...

Maybank Investment Bank has remained positive on ASEAN data center (DC) build cycle and see opportunities in the ASEAN DC supply chain. The research house said in a note on Friday that analyzing global cloud provider capital expenditure (capex) commitments and management commentary suggests little risk of artificial intelligence (AI)/cloud growth and/or their capex levels slowing, mitigating slowdown concerns. According to Maybank, since the start of the year, advanced chip export...

As Singaporeans prepare to head to the polls this weekend, the country is also gearing up to counter potential cyber threats, disinformation campaigns, and to protect its electoral integrity. The digitalization of election campaigns, with social media and online platforms as the new town squares, has brought both unprecedented opportunities for engagements but also vulnerabilities. The question before any modern nation today is clear: In an era when truth itself can be weaponized, how do we...