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2025-02-12 11:14:23 -

AirTrunk plans to develop its second cloud and AI-ready data center in Malaysia
Asia Pacific and Japan (APJ) hyperscale data center specialist AirTrunk has announced plans to develop its second cloud and artificial intelligence (AI)-ready data center in Malaysia, named AirTrunk JHB2 (JHB2) located in Iskandar Puteri, Johor region. Scalable to over 270 megawatts (MW), JHB2 will support demand from global public cloud and technology companies in the region, AirTrunk said in...

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2025-03-20 08:01:06 -

Alipay+ contributes more than 80 percent of inbound QR payments via DuitNow in Malaysia
Alipay+, the cross-border mobile payment platform of Ant International, has contributed more than 80 percent of inbound QR payments via DuitNow in Malaysia. Alipay+ said in a statement on Monday that the contribution is reflecting a successful public-private partnership in building a more connected payments ecosystem. According to the statement, in the peak travel season in December 2024, the...

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2025-03-31 01:31:15 -

Grab Malaysia signs MoU with government agency MDEC to drive digitalization of MSMEs
Grab Malaysia said Wednesday that it will collaborate with the Malaysia Digital Economy Corporation (MDEC) through this Memorandum of Understanding (MoU), as part of MDEC’s Business Digitalization Initiative to empower the digitalization of micro, small, and medium enterprises (MSMEs) in Malaysia. Grab Malaysia said it recognises the government’s holistic approach to fostering...

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2025-01-10 12:22:47 -

Largest Philippine fintech company GCash said to pick banks for IPO
GCash, the largest fintech platform in the Philippines, has picked banks to work on an initial public offering (IPO) that could take place this year, Bloomberg reported on Thursday, quoting people familiar with the matter. GCash has selected JPMorgan Chase & Co, Morgan Stanley and UBS Group AG to work on the potential share sale, the people reportedly said. Other banks that may also help...

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2025-02-12 11:09:48 -

Maybank : concern raised as Temu may turn aggressive in ASEAN amid US challenges
Maybank Investment Bank said Wednesday that the elimination of de minimis exemption by the United States has raised concerns among investors that Chinese e-commerce firm Temu may become aggressive in ASEAN. The research house said in a statement that if Temu turns aggressive in ASEAN, there could be a strong pushback by Singaporean technology firm Shopee. “We don’t rule out it may...

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2025-02-10 17:26:49 -

Singtel secures $476M green loan for DC Tuas data center project
Singtel’s regional data center arm, Nxera DCT Pte Ltd., has secured a S$643 million ($476 million) five-year green loan to finance the development of a new 58MW data center in Singapore, DC Tuas. DBS, OCBC, Standard Chartered, HSBC and UOB are financing the loan and have been appointed as green loan coordinators, Singtel said in a statement on Friday. The loan proceeds will go toward...

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2025-02-12 04:41:26 -

Southeast Asian organizations are taking a hit from frequent, expensive outages. Here’s how to minimize the impact
As Southeast Asia (SEA) continues to progress towards becoming a trillion-dollar digital economy, organizations across the region face increasing pressure to meet customer expectations for highly available, customer-facing applications and services. Recent tech outages have struck a nerve among businesses, governments, and individuals. With unprecedented and widespread disruptions unleashed...

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2025-03-20 07:53:58 -

Thailand approves $2.7B data center and cloud services projects
The Thailand Board of Investment (BOI) has on Monday approved $2.7 billion data center and cloud services projects. BOI said in a statement that the board has approved three data center and cloud services projects, by three different operators, which will be respectively located in Bangkok, Chonburi, and Rayong. The projects, which include one hyperscale data center, represent a combined...

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2025-02-05 08:09:57 -

TikTok’s American reprieve: Byte-sized diplomacy
Just weeks ago, it seemed that TikTok’s days on American smartphones were coming to an abrupt end. President Joe Biden’s ban on the platform, ostensibly grounded in national security concerns, had attracted bipartisan support, and even the Supreme Court declined to intervene. In a last-minute twist, however, incoming President Donald Trump stepped in to broker a temporary reprieve....

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2025-03-16 02:26:13 -

Top 5 tech trends shaping Malaysia’s e-commerce landscape in 2025
Malaysia’s e-commerce sector has rapidly evolved into a key pillar of our nation’s digital economy. According to the Department of Statistics Malaysia (DOSM), e-commerce income grew by 4 percent in the first nine months of 2024, reaching an impressive RM918.2 billion. This upward trend underscores Malaysians’ growing preference for online shopping, driven by convenience and a...

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2025-01-15 12:56:04 -

Tracxn : Southeast Asia’s FinTech funding drops 23 percent in 2024
Southeast Asia’s (SEA) Fintech ecosystem witnessed total funding of $1.6 billion in 2024, a 23 percent drop from $2.1 billion in 2023 and a significant 75 percent decrease from$6.3 billion in 2022, Tracxn said Monday. The data platform said in a statement that the funding in 2024 returned to pre-pandemic levels, reflecting challenges posed by macroeconomic conditions, rising interest...

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