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...

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....

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...

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...

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...

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...

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...