A collaborative venture is set to launch a hyperscale green data center testbed and training program in Sarawak, East Malaysia region. This collaboration involves Solarvest Holdings Bhd through its subsidiary, Solarvest Borneo Sdn Bhd, and partners which include the...
Alton Industry Ltd Group, a US-based industrial tools provider, plans to invest MYR 2 billion (USD 419 million) in Malaysia, enhancing its manufacturing and research & development operations. Part of this expansion involves creating a new production facility in...
Giant Malaysia, also known as GCH Retail (Malaysia) Sdn Bhd, has unveiled plans to invest MYR 400 million (USD 105 million) to launch 50 hypermarkets across Malaysia within the next five years. This move aims to reinforce Giant’s market share in the Malaysian...
Asian technology-driven coffee chains are seeking to expand their presence in Singapore. Luckin Coffee, a Beijing-based brand that heavily incorporated technology, went public in New York in 2019, achieving a valuation of USD 4.2 billion within just two years of...
In August, Singapore’s industrial output declined by 12.1% year-on-year, marking the 11th consecutive month of contraction, surpassing expectations and driven primarily by a sharp decline in the electronics sector. Economists had anticipated a 3.1% year-on-year...
KKR, a global investment firm, is set to acquire a 20% stake in Singapore Telecommunications (SingTel)’s regional data center business for SGD 1.1 billion (USD 0.8 billion), placing the overall value of SingTel’s regional data center business at USD 5.5...
Singapore’s dtcpay, a digital payments company, has teamed up with the verification platform Sumsub to streamline the onboarding process for new users. Sumsub, headquartered in London and establishing regional headquarters in Singapore, will integrate its...
Johnson & Johnson International (Singapore) is collaborating with the Singapore Economic Development Board (EDB) to boost innovation in Singapore’s life sciences sector. The first-of-its-kind partnership involves leveraging Johnson & Johnson Innovation –...
Singapore is exploring the possibility of repurposing incineration ash from Semakau, its sole landfill, for use in projects like the construction of Tuas Port. As Semakau is expected to reach full capacity by 2035, the government is considering recycling ash from the...
Singapore is making significant strides in its commitment to import low-carbon electricity, with plans to import two gigawatts (GW) of renewable energy annually from Indonesia within the next five years. This initiative, which represents about 15% of Singapore’s...
Singapore’s finance ministry has allocated an additional SGD 1.1 billion (USD 802 million) to address households grappling with rising living costs. This package includes an extra payment of up to SGD 200 for approximately 2.5 million adult Singaporeans,...
As part of Exercise Forging Sabre in Idaho, the Singapore Army is currently testing an unmanned ground vehicle developed by the United States-based Ghost Robotics in collaboration with Singapore’s Defense Science and Technology Agency (DSTA). These unmanned vehicles...
