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2024-11-14 12:23:08 - Translate

Empyrion Digital makes first data center investment in Thailand
Empyrion Digital, a global next-generation digital infrastructure platform, has announced its strategic expansion into Thailand to develop a minimum 12MW (IT Load) edge co-location data center in Bangkok. This move represents Empyrion Digital’s first major investment in Southeast Asia following its establishment in Singapore in 2021, Empyrion Digital said in a statement on Wednesday....

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2024-11-14 12:18:30 - Translate

Indonesia’s Indosat, GoTo launch Sahabat-AI: Indonesia’s open-source LLM
Indonesia-based telco Indosat Ooredoo Hutchison and Indonesia’s largest tech firm GoTo announced on Thursday the first phase of development of Sahabat-AI, an open-source Large Language Model (LLM) ecosystem specifically designed for Bahasa Indonesia and its local languages. This project is a significant step forward in advancing Indonesia’s digital sovereignty, preserving its...

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2024-11-14 12:08:57 - Translate

Dyna.Ai partners DCS Card Centre to enhance AI offerings in financial services
Dyna.Ai, a Singapore-based artificial intelligence (AI)-as-a-service company, has announced a strategic partnership with financial institution DCS Card Centre. This partnership, formalized through a Memorandum of Understanding (MoU) signed at the 2024 Singapore Fintech Festival, reflects their shared commitment to leveraging AI to enhance customer experience and operational efficiency in the...

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2024-11-14 08:50:52 - Translate

US’s Hemisphere Ventures expands into Southeast Asia
Hemisphere Ventures, a United States-based venture capital, has announced the opening of a new office in Singapore, marking its first expansion into Southeast Asia. Hemisphere said in a statement on Thursday that it will leverage its extensive U.S. network, including connecting existing portfolio companies and customers with Southeast Asian startups. “Hemisphere’s commitment to...

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2024-11-14 08:42:39 - Translate

Yinson GreenTech partners Zeabuz to advance electric marine vessel operations
Malaysia-based green technologies solution provider Yinson GreenTech and Norwegian autonomous maritime technology startup Zeabuz AS have teamed up to advance the development of autonomous, remote-controlled electric marine vessel operations. Yinson GreenTech said in a statement on Monday that they have signed a letter of intent to integrate autonomous and remote-control capabilities into...

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2024-11-14 04:54:15 - Translate

Maybank raises Grab’s earnings forecast after solid results in third quarter
Maybank Investment Bank has raised Grab Holdings 2024-2026 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) estimates by 23 percent to 27 percent. The research house said in a note on Tuesday that following a relatively muted second quarter, Grab made a solid come back in third quarter with an across-the-board improvement, beating its estimates by 1 percent to...

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2024-11-14 04:47:34 - Translate

Singapore commits $500M in matching concessional funding to support decarbonization in Asia
The Singapore Government has committed up to $500 million in concessional funding to support the Financing Asia’s Transition Partnership (FAST-P) launched by the Monetary Authority of Singapore (MAS) last year. MAS said in a statement on Tuesday that FAST-P is a blended finance initiative which brings together international public, private and philanthropic partners to support...

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2024-11-13 19:33:28 - Translate

Metro số 1 vào tuần thử nghiệm quyết định trước khai thác
TPHCM - Metro số 1 (Bến Thành - Suối Tiên) bước vào tuần thử nghiệm ở công suất tối đa, đánh dấu cột mốc quan trọng trước khi chính thức khai thác thương mại. Sau hơn ba tuần thử nghiệm (từ ngày 14.10 đến 8.11) ở mức 20% công suất, từ ngày 11.11 đến 17.11, là thời điểm quyết định để đánh giá toàn...

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2024-11-13 15:35:42 - Translate

ASEAN-6 B2C e-commerce export revenue seen to reach $30.4 billion in 2028 : Amazon Global Selling
ASEAN-6 (Singapore, Malaysia, Thailand, Vietnam, Indonesia, and the Philippines)’s business to consumer (B2C) e-commerce export revenue for is expected to reach $30.4 billion in 2028, a report commissioned by Amazon Global Selling showed Wednesday. According to the report conducted by Access Partnership and commissioned by Amazon Global Selling, assuming the current pace of e-commerce...

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2024-11-13 15:31:17 - Translate

Singapore’s Sea revenue up 30.8 pct on year in third quarter
Singapore’s consumer internet firm Sea announced Tuesday that its total revenue rose 30.8 percent year on year to $4.3 billion in the third quarter ended September 30, 2024, underpinned by higher e-commerce growth. The firm said in a statement that its total gross profit for the quarter was $1.9 billion, also up 29.1 percent year-on-year. Its total net income was $153.3 million, as...

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