Vingroup’s electric vehicle (EV) charging station developer V-GREEN has announced the signing of Memorandum of Understanding (MOU) with four strategic partners to deploy approximately 63,000 charging ports in total exclusively for VinFast electric vehicles in Indonesia by the end of 2025, more than double the previously announced target. V-GREEN said in a statement on Friday that under the agreement, V-GREEN and its four partners, including Chargecore, Chargepoint, Amarta Group, and...

Struggling to keep up with the rapid pace of AI advancements? You’re not alone. Between work, life, and everything in between, staying informed can feel like a full-time job. That’s why we’ve condensed the most important AI trends into a quick, easy-to-digest read—so you can stay ahead without the overwhelm. 1. Generative AI is everywhere (and it’s getting smarter) Generative AI tools like ChatGPT, Gemini, and Claude are no longer just...

US-listed ride-hailing and food delivery firm Grab is looking to strike a deal to take over smaller Indonesian rival GoTo in the second quarter, two sources with knowledge of the matter said, Reuters reported on Wednesday, Singapore-headquartered Grab has hired advisors to work on the proposed deal, the two sources added. The deal is subject to terms such as financing, which Grab is in discussion with banks, one of the sources added. Both Grab and GoTo declined to comment, according to the...

Professionals are integrating artificial intelligence (AI) into every sector imaginable. From retail to health care, it enables better accuracy and faster workflows. It may come as no surprise that law and safety enforcers are also exploring how AI can optimize their operations. The following cities have been utilizing AI-powered video surveillance in various ways. 1. Seoul, South Korea Dejaview aims to detect and predict crimes in Seoul to help law enforcement. Researchers trained the...

Vietnamese electric vehicle (EV) carmaker VinFast announced Tuesday the official launch of the VF 6, a mid-size EV, in Indonesia. The firm said in a statement that with the rapid expansion of its showroom network, service centers, and V-GREEN charging stations, it is accelerating its presence in Indonesia, providing customers with diverse product options and seamless ownership experiences while contributing to the green mobility revolution in the archipelago. The VinFast VF 6 in Indonesia...

DEG, the German development finance institution, the French development finance institution Proparco and Standard Chartered have announced an agreement to finance the development, construction and operation of the Saguling floating solar photovoltaic (PV) plant as part of Indonesia’s Just Energy Transition Partnership (JETP). The project mobilizes $60 million for the Indonesian JETP, increasing funding to accelerate Indonesia’s inclusive and ambitious energy transition, the trio...

Japanese semiconductor firm Ferrotec Holdings Corporation has broken ground on its second high-tech manufacturing facility at Kulim, Kedah of Malaysia, with an investment of MYR 1 billion ($226 million). The firm said in a statement on Wednesday that this reinforces its long-term commitment to Malaysia and its growing role in the global semiconductor industry. Set for completion within a year, the second facility will strengthen Ferrotec’s Southeast Asian footprint, enabling faster...

OneInfinity by OneDegree, the Hong Kong-based provider of digital asset insurance and risk management solutions, has announced a strategic partnership with SlowMist, the China-based blockchain security firm, to enhance Web3 security and insurance solutions for the digital asset ecosystem. This collaboration marks a significant step forward in strengthening the security and resilience of the Web3 ecosystem, aligning with the festival’s mission to advance innovation and trust in the...

AXA Hong Kong and Macau, Ant Bank (Hong Kong) and AlipayHK announced a strategic partnership on Wednesday, in a move that would see AXA provide a slew of insurance products to AlipayHK users through Ant Bank and the AlipayHK app. In the partnership, AXA will offer solutions for savings, health protection and wealth accumulation that will be available to millions of AlipayHK users, helping to support their financial goals. The move taps on AXA’s expertise and extensive insurance...

ESR Group Limited, a Hong Kong-based real asset owner and manager, has broken ground on ESR Kawanishi Distribution Center 3 (ESR Kawanishi DC3), the third building and the final ready-built facility of its integrated full-service ESR Kawanishi Distribution and Techno Park (ESR Kawanishi) in Osaka, Japan. ESR said in a statement on Wednesday that at nine storeys and with a gross floor area of 433,000 square metres, ESR Kawanishi DC3 is the group’s largest asset and among the largest...

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Malaysia’s national automaker Proton has on Friday taken the next step to achieving its goal of local electric vehicle (EV) manufacturing following a commencement of construction ceremony for a new production plant at its high tech Tanjung Malim facility. Targeted for completion by the end of 2025 at an investment cost of MYR 82 million ($18.46 million), the first phase of the company’s EV assembly plan will have an initial planned capacity of 20,000 units per year. Once...