Malaysia’s automaker Proton said Monday that its electric vehicle (EV) production plant is nearing its completion, with the full-scale production process slated to begin in September. The firm said in a statement that the new plant which located within the high-tech Tanjung Malim compound, will be completed just six months after the groundbreaking ceremony in February. The building is now 90.4 percent complete and equipment installation is at 83.5 percent, with overall progress at...

Taiwan-based Foxconn Technology Co., Ltd (FTC) has invested $30 million in Hong Kong-based robotics firm Robocore Technology Limited to expand into medical, elderly care robotics market. Robocore, a partner of the Hong Kong Science and Technology Parks Corporation (HKSTP), announced in a statement on Tuesday the completion of its Series D funding. FTC, through its wholly-owned subsidiary Q-Run Holdings Limited, has made a strategic investment of up to $30 million in Robocore’s...

StashAway, a Malaysia-based digital wealth management platform, has announced the release of its Shariah global portfolios. StashAway said in a statement on Wednesday that these Shariah-compliant diversified portfolios have delivered back-tested returns of up to 14.4 percent annually over the past five years. These global portfolios address Malaysia’s rapidly growing demand for Shariah- compliant investment solutions while delivering solid risk adjusted performance. The portfolios...

Aalo Atomics, a next-generation nuclear energy company, has closed a $100 million Series B financing round led by Valor Equity Partners. Earth VC said in a statement on Wednesday that the round also saw participation from new and existing investors including Fine Structure Ventures, Hitachi Ventures, Crosscut, NRG Energy, Vamos Ventures, Tishman Speyer, Kindred Ventures, 50Y, Harpoon Ventures, Crescent Enterprises, Alumni Ventures, MCJ, Gaingels, Perpetual VC, Nucleation Capital and Earth...

Stripe, the programmable financial services company, has on Wednesday showcased stablecoin and AI product updates at Stripe Tour Singapore 2025 to accelerate global growth for Asian businesses. The announcements come as new research from Stripe shows that businesses across Asia are expecting to quickly adopt the technologies reshaping the internet economy. Stablecoins and AI are becoming core enablers of cross-border commerce across the region, according to a statement. Asian businesses are...

Malaysia’s automaker Proton said Monday that its electric vehicle (EV) production plant is nearing its completion, with the full-scale production process slated to begin in September. The firm said in a statement that the new plant which located within the high-tech Tanjung Malim compound, will be completed just six months after the groundbreaking ceremony in February. The building is now 90.4 percent complete and equipment installation is at 83.5 percent, with overall progress at...

WeRide, a China-based autonomous driving technology firm, announced last Friday that Grab, Southeast Asia’s leading superapp, has committed to a strategic equity investment in WeRide. The duo said in a statement that the investment is part of a strategic partnership between both companies to accelerate the deployment and commercialization of Level 4 Robotaxis and shuttles in Southeast Asia, and reflects a shared vision to seamlessly integrate WeRide’s autonomous vehicles (AVs)...

Malaysia’s automaker Proton and payment firm Touch ‘n Go Sdn. Bhd. have announced a strategic partnership to integrate Touch ‘n Go radio frequency identification (RFID) technology into the all-new Proton X50. This collaboration, formalized through a memorandum of understanding (MoU), marks a significant milestone in advancing Malaysia’s connected mobility ecosystem, Proton said in a statement on Wednesday. Under the agreement, every new Proton X50 will be pre-fitted...

VinFast founder Pham Nhat Vuong has agreed to buy the EV maker’s research and development arm for $1.52 billion, his latest cash injection into the loss-making Vietnamese company, Reuters reported on Thursday. The deal will involve Novatech Research and Development JSC, a Vietnam-incorporated entity, being carved out of VinFast Trading and Production JSC (VFTP), its domestic manufacturing arm, VinFast said in a filing to the U.S. Securities and Exchange Commission. Meanwhile, Novatech...

The Commercial Affairs Department (CAD) is currently investigating AmazingTech Pte Ltd (ATPL) and its related companies. The CAD and Monetary of Authority of Singapore (MAS) said in a joint statement on last Friday that ATPL operated Tokenize Xchange, a cryptocurrency trading platform, under an exemption from holding a license under the Payment Services Act 2019 (PS Act) while pending the MAS’s assessment of its application for a Major Payment Institution license. This exemption...

India-based hospitality technology company OYO has introduced its luxury brand SUNDAY Hotels with two simultaneous openings in Kuala Lumpur and Pantai Cenang of Malaysia. OYO said in a statement on Wednesday that it plans to add ten more SUNDAY Hotels in Malaysia in 2025. It has identified popular tourist regions such as Kuala Lumpur, Johor Bahru, Penang Island, Kuantan, and Kota Kinabalu for the expansion of this program. This expansion is part of OYO’s ongoing strategy to broaden...

Malaysia-based dronetech firm Aonic is eyeing Indonesia and the Phillippines markets where demand for automation grows rapidly, its Founder said. “We are looking closely at Indonesia and the Philippines – two markets where the demand for automation in sectors like agriculture, infrastructure, and energy is growing rapidly,” Aonic CEO and Founder Cheong Jin Xi told TNGlobal in an interview. “Both [countries] have large-scale industries that are still heavily reliant...