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    OYO launches luxury brand SUNDAY Hotel in Malaysia, plans ten hotels in 2025
    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...
    By Ifvex 2025-06-12 09:35:00 0 545
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    Malaysia’s dronetech firm Aonic eyes Indonesia, Philippines markets as demand for automation grows rapidly [Q&A]
    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...
    By Ifvex 2025-05-25 07:50:50 0 3K
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    Maybank sees strong momentum sustained for Sea
    Maybank Investment Bank has revised up Singapore technology firm Sea‘s revenue/adjust earnings before interest, taxes, depreciation, and amortization (EBITDA) forecasts for FY25-27 by 6 percent to 8 percent following its strong first quarter. The research house said in a note on Wednesday that Sea’s first quarter adjusted EBITDA of $947 million was up 2.5 times year on year and 60 percent quarter on quarter, 29 percent ahead of its forecast and 44 percent above street forecast....
    By Ifvex 2025-05-20 14:45:34 0 3K
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    SC signs IOSCO’s enhanced multilateral MOU for greater cross-border assistance on enforcement matters
    The Securities Commission Malaysia (SC) has on Wednesday signed the International Organization of Securities Commissions’ (IOSCO) enhanced multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information (EMMoU). SC said in a statement that the EMMoU allows its signatories to avail themselves of the latest forms of cross-border assistance to increase effectiveness of investigation and enforcement. IOSCO’s first Multilateral...
    By Ifvex 2025-05-20 14:26:10 0 3K
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    Singapore’s Alternō raises Series A funding from UntroD Capital Asia, ADB Ventures
    Alternō, a Singapore-based climate-tech startup, has closed its Series A funding round to accelerate the deployment of its sustainable heat technology and support its mission to eliminate 100 million tons of carbon dioxide (CO₂) emissions annually by 2030. The firm said in a statement on Tuesday by building the next generation of clean energy infrastructure—delivering heat, electricity, and artificial intelligence (AI)-powered energy management — it aims to redefine how the world...
    By Ifvex 2025-05-20 11:58:12 0 2K
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    CoKeeps, Maybank Trustees forge partnership on blockchain-powered custodial and asset management solutions
    CoKeeps Sdn Bhd, a Malaysia-based blockchain infrastructure company, and Maybank Trustees Berhad, a wholly owned subsidiary of Malayan Banking Berhad, have signed a memorandum of understanding (MOU) on exploring and implementing blockchain-based custodial and asset management solutions in support of Malaysia’s national digital transformation ambitions. The MOU represents a shared interest by both parties to support and advance the government of Malaysia’s Digital Economy...
    By Ifvex 2025-05-20 11:43:29 0 3K
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    Pei-Si Lai to take on role of GXS Bank CEO; Kaushik Chowdhury to be GXBank’s new CEO
    GXBank, the digital bank subsidiary of GXS Bank in Malaysia, announced Wednesday the succession in its senior management team. Effective June 1, 2025, Pei-Si Lai, the current Chief Executive Officer (CEO) of GXBank, will take on the role of GXS Bank Group CEO, following the upcoming retirement of Group CEO, Muthukrishnan Ramaswami (Ramu), the bank said in a statement. Succeeding Lai as the CEO of GXBank in Malaysia is Kaushik Chowdhury, the current Deputy CEO and Chief Commercial Officer...
    By Ifvex 2025-05-20 11:38:16 0 2K
    Other
    V-GREEN partners four firms to deploy over 60,000 VinFast EV charging ports in Indonesia with projected investment of $300M
    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...
    By Ifvex 2025-05-12 08:35:58 0 2K
    Other
    AI for busy readers: Essential trends you need to know in 5 minutes
    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...
    By Ifvex 2025-05-10 03:22:52 0 2K
    Other
    Singapore’s super app Grab looks to strike deal to acquire Indonesia’s GoTo in 2Q – report
    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...
    By Ifvex 2025-05-10 03:16:08 0 2K
    Other
    How these cities are utilizing AI-powered video surveillance
    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...
    By Ifvex 2025-05-10 03:09:34 0 2K
    Other
    VinFast officially launches VF 6 in Indonesia
    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...
    By Ifvex 2025-05-06 06:49:00 0 3K
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