Singapore’s digital economy grew by S$12 billion ($9.27 billion), expanding to a total of S$128.1 billion ($98.98 billion) in 2024, the Infocomm Media Development Authority (IMDA) said Monday. IMDA said in a statement that this accounts for 18.6 percent of the nation’s gross domestic product (GDP), up from 18 percent in 2023 and 14.9 percent in 2019. According to IMDA’s Singapore Digital Economy (SGDE) Report 2025, more than two-thirds of Singapore’s digital economy...

Supabase, the Singapore-based database firm, has raised $100 million in Series E funding at a $5 billion valuation. The round was led by Accel and Peak XV with participation from Figma Ventures and other returning investors, underscoring strong confidence in the company’s growth, Supabase said in a statement on last Friday. The round comes just four months after their Series D, bringing their total funding to over $500 million. As part of the Series E funding, Supabase intends to...

Moomoo Securities Malaysia Sdn. Bhd. (Moomoo MY), a subsidiary of NASDAQ-listed Futu Holdings Ltd, expects AI to move from a supplement tool to a core driver of investment strategies for Malaysian investors. “As markets grow more complex and information flows accelerate, investors are leaning on AI-powered tools not only to cut through noise but also to counteract behavioural biases and strengthen discipline,” Ivan Mok, CEO of Moomoo Malaysia told TNGlobal in an interview....

Ngân hàng Nhà nước đang được giao nghiên cứu phát hành tiền kỹ thuật số của Ngân hàng Trung ương (CBDC)  một xu hướng toàn cầu đã có mặt ở hơn 130 quốc gia. Đáng chú ý, hai ông lớn viễn thông Viettel và MobiFone được lựa chọn tham gia thử nghiệm. Đây không chỉ là “cơ hội vàng” cho doanh nghiệp, mà còn là tín...

The Malaysia government will establish a sovereign AI cloud to ensure the country’s national artificial intelligence (AI) capabilities are secure, sovereign and able to support government services as well as the country’s digital development, national news agency Bernama reported. Prime Minister Anwar Ibrahim said the matter was among key issues discussed at the National Digital Economy and 4IR Council (MED4IRN) meeting, which he chaired Thursday morning. “Among the main...

Indonesia said it has suspended TikTok‘s registration status as an electronic system provider after it failed to hand over all data relating to the use of its live stream feature, though the social media app was still accessible to users on Friday, Reuters reported. Alexander Sabar, an official at Indonesia’s communications and digital ministry, said in a statement some accounts with ties to online gambling activities used TikTok’s live stream feature during recent national...

The business world is in the midst of an artificial intelligence gold rush. Spurred by the rapid ubiquity of generative AI, a palpable sense of urgency has gripped boardrooms. Leaders are scrambling to integrate large language models (LLMs) into their operations while trying to understand what exactly these tools do and where they’re headed. The promise is alluring: off-the-shelf intelligence, plugged in like a utility, ready to revolutionise productivity. Yet, as Sansan has discovered...

Malaysia’s clean energy firm Solarvest Holdings Berhad has teamed up with aluminum producer Press Metal Berhad to deliver Sarawak’s 100-megawatt solar farm with an estimated investment cost of MYR 380 million ($90.14 million). Solarvest said in a statement on Friday that Mukah Solar Powerplant Sdn. Bhd. (MSPSB), its special purpose vehicle with Press Metal, has entered into a power purchase agreement (PPA) with Syarikat Sesco Berhad (SESCO), a wholly-owned subsidiary of Sarawak...

YY Group Holding Limited, a Singapore-based workforce solutions and integrated facility management (IFM) platform provider, announced Wednesday that it has partnered with Obita, an enterprise-level cross-border payment and digital financial network, to strengthen global ecosystem with stablecoin payment infrastructure. YY Group said in a statement that the duo have entemred into a memorandum of understanding (MOU), and under the MOU, YY Group will integrate Obita’s enterprise-grade,...

Sriwijaya Capital, an Indonesia-based private equity firm, has signed a memorandum of understanding (MoU) with Abu Dhabi-based BlueFive Capital, to form a strategic alliance aimed at strengthening capital flow between the Gulf and Southeast Asia. BlueFive Capital said in a statement on Thursday that the partnership will focus on building a South-to-South investment corridor, connecting Gulf sovereign wealth funds, institutional investors, and family offices with growth opportunities in...

Temporal Technologies, the US-based creators of the open source Durable Execution platform Temporal.io and the enterprise-grade managed service Temporal Cloud, announced Wednesday a secondary transaction valuing the company at $2.5 billion. The $105 million investor-led tender offer was led by GIC with participation from Tiger Global and Index Ventures, Temporal Technologies said in a statement. The milestone follows Temporal’s $146 million Series C announced earlier this year at a...

Malaysia’s technology firm Edelteq has secured strategic investment from Kumpulan Modal Perdana Sdn. Bhd (KMP), a tech-focused venture capital firm wholly owned by the Malaysian government. In a statement on Monday, Edelteq has also announced the establishment of Halovision System Sdn. Bhd. (Halovision), a joint venture with Halo Technologies Sdn. Bhd. (HTSB), to develop and commercialize advanced automated optical inspection (AOI) systems for the global semiconductor industry. As...