Founder of Antler Discusses Its Commitment to Vertical AI in Southeast Asia
In an era where technology is rapidly transforming every aspect of business, Southeast Asia is emerging as a fertile ground for vertical AI startups, focusing on solving industry-specific challenges from…
Worldwide Debt Soars to Unprecedented $313 Trillion, According to Institute of International Finance
In a remarkable reflection of the global economic landscape, worldwide debt levels have surged to a historic peak of $313 trillion in 2023, as reported by the Institute of International…
Bank of Korea Governor Resists Premature Interest Rate Cut Discussions
Bank of Korea (BOK) Governor Rhee Chang-yong stands firm against the anticipation of an imminent interest rate reduction, despite a board member’s suggestion of a potential policy easing within the…
S&P Foresees 9% Ringgit Recovery by Year-End
S&P Global Ratings has projected a notable 9% appreciation in the Malaysian ringgit by the conclusion of this year, emphasizing that the currency’s current weakness does not threaten the nation’s…
China’s Moonshot AI hits $2.5B valuation, raises $1B for context-focused LLM.
In an unprecedented move that has propelled the global AI race forward, Moonshot AI, a nascent but groundbreaking artificial intelligence startup from China, has successfully secured over $1 billion in…
India boosts space sector investment by increasing foreign funding limits
New Delhi, 22 Feb – India has ushered in a pivotal update to its foreign direct investment (FDI) policy within the space sector, aiming to magnetize global investors and corporations.…
Over 80% of Economists Predict BOJ Will End Negative Interest Rates in April
In a significant policy shift that marks the end of an era, more than 80% of economists surveyed by Reuters anticipate the Bank of Japan (BOJ) will terminate its eight-year-long…
PhonePe aims to rival Google Play in India but faces challenges ahead.
In a bold move set to reshape India’s app ecosystem, Walmart-backed PhonePe is gearing up to launch its very own Android app store this week. The innovative platform promises to…
Beond Airline Elevates Luxury Travel with Apple Vision Pro Headsets
Beond has announced an unparalleled upgrade to its inflight entertainment system by offering Apple Vision Pro headsets to passengers. This novel initiative, set to launch in July 2024, positions Beond…
Vietnam Stocks Shine Bright Amid Regional Challenges
Vietnam‘s stock market has emerged as a beacon of resilience, outpacing its regional counterparts and attracting a trickle of foreign investment for the first time in months. Despite the looming…
Regulatory Investigation Unveils $241 Million Accounting Discrepancy at Zee
India’s market regulator has uncovered a significant hole of more than US$240 million in the accounts of Zee Entertainment Enterprises Ltd, dealing yet another blow to the beleaguered media conglomerate.…
Singapore to spend S$100 million to better upgrade fibre network to 10Gbps starting mid-2024.
In a bid to bolster its digital infrastructure, Singapore has announced a substantial investment of up to S$100 million (US$74.3 million) to upgrade its nationwide broadband network. The ambitious plan,…
Uber is excited to be experimenting with prepaid-item pickup from nearby stores in India.
Gig workers can now collect prepaid items from local stores for delivery to customers in Delhi-NCR New Delhi, India – February 21, 2024: Uber has discreetly initiated testing for a…
The Nasscom-BCG report forecasts India’s AI industry to reach a valuation of $17 billion by 2027
Mumbai, India – In a significant development for India’s technology landscape, the artificial intelligence (AI) market is poised for robust growth, with projections estimating its value at $17 billion by…
Singapore faces challenges with increasing cybercrime incidents, as scam cases continue to rise.
In an era increasingly dominated by digital transactions, Singapore has witnessed a significant surge in cybercrime, with scam and cybercrime cases escalating by an unprecedented 49.6% last year. This alarming…
Five Australian Telcos Penalized for Allowing Scam SMS Flood
Australia has taken decisive action against five telecommunications companies for their role in distributing bulk scam SMS messages, in violation of the nation’s stringent anti-scam regulations and public safety protocols.…
Indonesia’s Expansion in North Sumatra Basin
Indonesia is poised to expand its oil and gas exploration efforts in the North Sumatra basin following a significant discovery by Mubadala Energy, as the country aims to ramp up…
Paytm, India’s fintech leader, falters amid scrutiny, raising industry worries.
New Delhi, India – In the aftermath of India’s demonetisation on November 8, 2016, which saw the withdrawal of high-value currency notes from circulation, Paytm seized the moment with a…
China’s Securities Watchdog Engages Market Participants to Restore Market Confidence
In Beijing and Shanghai, China‘s securities watchdog convened a series of seminars on Sunday and Monday, engaging with various market participants to explore strategies aimed at enhancing scrutiny of company…
Encouragement for EV makers to choose Malaysia as their ASEAN hub.
Investment Minister Tengku Zafrul Abdul Aziz Highlights Opportunities in ASEAN’s Growing EV Market Petaling Jaya, 20th Feb 2024: Investment, trade, and industry minister Tengku Zafrul Abdul Aziz has urged electric…