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Singapore’s digital economy grows to $98.98B in 2024

Singapore’s digital economy grew by S$12 billion ($9.27 billion), expanding to a total of S$128.1 billion ($98.98 billion) in 2024, the Infocomm Media Development Authority (IMDA) said Monday. IMDA said in a statement that this accounts for 18.6 percent of the nation’s gross domestic product (GDP), up from 18 percent in 2023 and 14.9 percent in 2019. According to IMDA’s...

2025-10-07 13:56:23

Maritime cybersecurity in 2025: Navigating digital threats in interconnected seas

In 2025, the maritime sector faces escalating cyber threats that can lead to massive financial losses, operational disruptions, and even safety risks. The maritime industry, a cornerstone of global trade responsible for over 90 percent of international commerce, has increasingly become a target for cybercriminals. Cyber incidents have plagued civilian vessels and infrastructure,...

2025-10-07 13:53:08

VinFast officially launches two new electric bus models in Europe

Vietnamese electric vehicle carmaker VinFast has on last Sunday unveiled its EB 8 and EB 12 electric bus models at Busworld Europe 2025. The firm said in a statement that with the introduction of these two modern and intelligent public transport solutions, it reaffirms its determination to make electric mobility accessible to everyone, expanding its presence from private passenger vehicles...

2025-10-07 13:47:27

FPT partners with Konica Minolta and Vietnam National Innovation Center to advance digital healthcare solutions

Vietnam-based technology firm FPT Corporation, through FPT Software Japan Co., Ltd. (FPT), has signed a memorandum of understanding (MOU) with the Vietnam National Innovation Center (NIC) and Konica Minolta, Inc. (Konica Minolta) to jointly explore digital healthcare solutions through the integration of Dynamic Digital Radiography (DDR) and artificial intelligence (AI). FPT said in a statement...

2025-10-07 13:43:43

Singapore’s Supabase raises $100M in Series E funding round co-led by Accel and Peak XV

Supabase, the Singapore-based database firm, has raised $100 million in Series E funding at a $5 billion valuation. The round was led by Accel and Peak XV with participation from Figma Ventures and other returning investors, underscoring strong confidence in the company’s growth, Supabase said in a statement on last Friday. The round comes just four months after their Series D, bringing...

2025-10-07 13:39:42

NASDAQ-listed Futu’s Moomoo sees Malaysian investors leaning more on AI tools [Q&A]

Moomoo Securities Malaysia Sdn. Bhd. (Moomoo MY), a subsidiary of NASDAQ-listed Futu Holdings Ltd, expects AI to move from a supplement tool to a core driver of investment strategies for Malaysian investors. “As markets grow more complex and information flows accelerate, investors are leaning on AI-powered tools not only to cut through noise but also to counteract behavioural biases and...

2025-10-06 06:47:18

Maybank foresees opportunities and risks from ChatGPT Agentic Commerce

Maybank Investment Bank Research has foreseen both opportunities and risks from ChatGPT Agentic Commerce. The research house said in a note on last Friday that Agentic Commerce is still in its early stages and will take time to reach meaningful scale, but its long-term implications for e-commerce are significant. On the risk side, artificial intelligence (AI) agents like ChatGPT could evolve...

2025-10-06 06:42:50

Không chỉ là viễn thông, Viettel và MobiFone lấn sân mạnh vào tiền kỹ thuật số

Ngân hàng Nhà nước đang được giao nghiên cứu phát hành tiền kỹ thuật số của Ngân hàng Trung ương (CBDC) một xu hướng toàn cầu đã có mặt ở hơn 130 quốc gia. Đáng chú ý, hai ông lớn viễn thông Viettel và MobiFone được lựa chọn tham gia thử nghiệm. Đây không chỉ...

2025-10-04 15:12:30

Malaysia government to establish sovereign AI cloud to safeguard national capabilities

The Malaysia government will establish a sovereign AI cloud to ensure the country’s national artificial intelligence (AI) capabilities are secure, sovereign and able to support government services as well as the country’s digital development, national news agency Bernama reported. Prime Minister Anwar Ibrahim said the matter was among key issues discussed at the National Digital...

2025-10-03 12:06:23

Indonesia suspends TikTok registration over data sharing failures, ministry says

Indonesia said it has suspended TikTok‘s registration status as an electronic system provider after it failed to hand over all data relating to the use of its live stream feature, though the social media app was still accessible to users on Friday, Reuters reported. Alexander Sabar, an official at Indonesia’s communications and digital ministry, said in a statement some accounts...

2025-10-03 12:04:15

The hard truths of putting Generative AI to work

The business world is in the midst of an artificial intelligence gold rush. Spurred by the rapid ubiquity of generative AI, a palpable sense of urgency has gripped boardrooms. Leaders are scrambling to integrate large language models (LLMs) into their operations while trying to understand what exactly these tools do and where they’re headed. The promise is alluring: off-the-shelf...

2025-10-03 12:02:03

Solarvest, Press Metal team up to deliver $90.14M solar farm in Sarawak

Malaysia’s clean energy firm Solarvest Holdings Berhad has teamed up with aluminum producer Press Metal Berhad to deliver Sarawak’s 100-megawatt solar farm with an estimated investment cost of MYR 380 million ($90.14 million). Solarvest said in a statement on Friday that Mukah Solar Powerplant Sdn. Bhd. (MSPSB), its special purpose vehicle with Press Metal, has entered into a power...

2025-10-03 11:57:55

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