Daily Database
The SEA deal database.
Every funding round, exit, partnership, and corridor move the daily ticker has tracked since 22 Jun 2026 — 226 deals, filterable by country, updated each evening at 18:00 SGT.
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The country's biggest listing is an e-wallet: GCash owner Mynt cleared for a US$1.5B IPO
The Philippine Stock Exchange approved Mynt's listing on Friday. The GCash operator will sell up to 9.23 billion shares, raising up to US$1.5 billion (P92.3 billion), and trade under the ticker GCASH from October 20.
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Frisian Flag Indonesia's owners will hand their shares to Ultrajaya for 7.88 billion new ones, a US$820 million (Rp14.57 trillion) deal. Dutch parent FrieslandCampina ends up with 30.81 percent; the Prawirawidjaja family falls from 53.17 to 32.19 percent.
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A Jakarta driver rents the bike for US$2.40 a day: Vietnam's Green SM brings VinFast e-motorbikes
Green SM put VinFast electric motorbikes on Jakarta streets on Friday, adding to the electric taxis it already runs there. Drivers rent a bike from US$2.40 (Rp39,000) a day and are guaranteed up to US$9.70 a day.
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Chinese firms entering ASEAN rose 50 percent: OCBC extends its Bank of Ningbo stake ten years
OCBC signed another ten years with Bank of Ningbo and kept its 20 percent holding, the maximum a foreign bank may own. The Singapore lender says Chinese companies expanding into ASEAN rose 50 percent in 2025.
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After years of losses, VinFast turns to its founder's land: a US$1.2B property buy
VinFast's Vietnam unit agreed on 15 September to buy founder Pham Nhat Vuong's Ngoc Hoi Real Estate for US$1.2 billion (VND30,857 billion). Ngoc Hoi owns 20 percent of a 9,200-hectare Hanoi urban project.
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Betting Asia's AI moves past the pilot: Databricks puts US$350M into Singapore
The US data-software company will spend over US$350 million in Singapore over three years, double its local staff from 250 to 500, and open a regional headquarters four times its current space.
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Repaid from the power alone: responsAbility lends Verdant up to US$25M for Thai solar
Singapore-based Verdant Energy secured up to US$25 million from Swiss investor responsAbility for solar projects that supply Thai factories and businesses. The loan is non-recourse: the projects' earnings repay it, not Verdant's own balance sheet.
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Refused a bigger stake, KKR sold all of it: US$410M ends six years in First Gen
KKR sold its entire 19.9 percent stake in power producer First Gen to Angsana Finance for US$410 million (₱25.77 billion). A month earlier, parent First Philippine Holdings rejected KKR's bid for 8.43 percent more.
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A US$5M loss cushion unlocks US$110M: IFC backs GXBank's loans to collateral-free SMEs
IFC absorbs the first US$5.0 million of defaults on a US$110 million GXBank loan book for micro and small businesses without credit history or collateral. It is IFC's first deal with a Malaysian digital bank.
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Entering VinFast's home market on US$3M: Tesla registers a Vietnam sales arm
Tesla Motors Vietnam LLC filed on 12 September in Ho Chi Minh City with US$3.0 million (VND77.7 billion) in charter capital, licensed to sell vehicles and parts. VinFast sold 20,161 of Vietnam's 48,484 cars in August.
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Twenty-five years in, the foreign partner cashes out: Maybank pays Ageas US$1.3B for full control
Belgium's Ageas sold its entire 30.95 percent holding in Maybank Ageas Holdings, booking a net after-tax gain of US$540 million. Maybank now solely owns Etiqa, the world's fourth-largest takaful provider.
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The showroom is the moat: VinFast signs 13 Philippine dealers for 27 new stores
The MOUs cover Metro Manila, Cebu, Cagayan de Oro, Tacloban and Subic Bay. VinFast is targeting 60 dealerships across Luzon, Visayas and Mindanao by the end of 2026.
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Platform earnings are the new credit score: GXS finances Grab drivers' EVs at 100 percent
GXS Bank underwrites drivers on their platform earnings instead of payslips. Some approved loans require no down payment and run up to ten years; the driver app is testing access to over 3,000 charging points.
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The data never leaves the ward: Mitsui puts Singapore's Oncoshot across IHH's 89 hospitals
Oncoshot structures clinical records into research-ready datasets without moving them off hospital servers. IHH runs 89 facilities across ten countries; Mitsui is its largest shareholder. Terms were not disclosed.
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One to two billion parcels a year: TikTok registers a US$980M logistics arm in Vietnam
Tokgistic, a Singapore-registered TikTok affiliate, takes 20 percent of Swift Logistics with US$196 million up front. Ho Chi Minh City licensed it on 7 September for 50 years; operations start in November.
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The superapp wants the credit book: Grab in talks for control of Atome at US$2B
Bloomberg reports the discussions; no deal is agreed. Atome sits inside Advance Intelligence Group, backed by SoftBank Vision Fund 2 and Warburg Pincus, and booked US$470 million of revenue in 2025.
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Eighteen months of waiting, then nothing: Sembcorp walks from a US$82M Philippine solar farm
Sembcorp and seller CleanCurrent mutually terminated a US$82 million (S$105 million) purchase agreed in January 2025, citing market conditions. The 96-megawatt Cadiz solar farm loses its buyer.
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Data centres outran the cables: Gulf and Singtel commit to a three-country subsea link by 2030
The VTS system will land in Vietnam, Thailand and Singapore, targeted operational by 2030. Neither party disclosed the spend; capital runs over several years, with terrestrial routes flagged for later phases.
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The stablecoin issuer wanted the licences, not the code: Circle buys Singapore's Tazapay for $400M
An all-stock deal for a cross-border payments firm running local payout rails in more than 100 markets and clearing $25 billion a year, about 60 percent of it already in stablecoins.
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Compute is now financed like a power plant: Indonesia's Zankore raises $3.1B in bank debt
Citi, ING, Natixis, Qatar National Bank and UOB underwrote a senior term facility behind 100MW of NVIDIA capacity in Indonesia, scaling toward 200MW by mid-2027 and 1GW long-term.
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Growth capital without a cap-table hit: Vietnam's Tevo takes $10M against 45 apps
PvX Partners put up non-dilutive user-acquisition financing rather than equity, behind a portfolio of 45 consumer and AI apps that has logged close to 200 million installs.
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Buying the licence beat applying for one: Webull pays $100M for Thailand's Pi Securities
The disclosure puts the total at $100 million for 99.36 percent of the broker: roughly $90 million from Country Group Holdings and $10 million from a second holder.
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A data centre now borrows like a toll road: Indonet signs a $530M five-year facility
PT Indointernet's subsidiary drew a $530.2 million credit facility on 2 September, priced at Term SOFR plus 2.5-2.6% and secured against the project itself. Bangkok Bank, Bank of China and MUFG participated.
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Indonesia's biggest coal miner buys its way out of coal: Bumi takes Loyal Metals for A$79.1M
Bumi Resources' Australian arm bought all 175.71 million Loyal shares by scheme of arrangement for A$79.1 million ($56.95 million), closing 4 September. The explorer then delisted from the ASX.
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The Nasdaq parent no longer owns the factory: VinFast's Vietnam plant goes fully domestic
VinFast Auto sold its 10.369% holding in VinFast Trading and Production to domestic investors for $530 million. Design, branding and sales move to a separate entity; the plant stays Vietnamese.
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83,000 borrowers no bank would score: Malaysian private credit backs Digitec with a RM5M cheque
Crewstone International committed RM5 million ($1.2 million) alongside Mirai Bridge Capital to scale a platform that has moved RM130 million to gig workers and micro-entrepreneurs.
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Singapore's state investor is buying orbit, not apps: Temasek co-leads Pixxel's $100M Series C
Temasek and Seraphim Space led the largest round an Indian space company has raised, taking the hyperspectral-imaging firm to $195 million total. Its satellites sell crop, forest and mine data.
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The cold chain breaks between planes, not in them: DHL puts S$29M into Singapore pharma storage
A S$22M cold-chain hub at Changi Nexus One holds 2-8°C and 15-25°C zones; a S$7M ambient warehouse adds 7,680 pallet positions. Both open in 2027.
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The Singapore-licensed trade-payments firm, which moved over $60 billion for more than a million SME customers in 2025, adds the UAE to eight existing regulated markets.
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The British bank will book ultra-high-net-worth and family-office assets in Singapore itself, positioning for the US$5.8 trillion it expects to pass between Asia Pacific generations by 2030.
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Private hospital beds are the asset now: KKR buys into Malaysia's Avisena at a $368M valuation
KKR takes 20-25% of the Shah Alam operator for roughly MYR300-400 million, valuing it at MYR1.5 billion. Two hospitals hold 250 licensed beds; a Cyberjaya build takes that near 600 by 2029.
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Swift built its own ledger, and OCBC just cleared the first Southeast Asian dollar on it
Citi settled live US dollar transactions with OCBC over Swift's shared ledger using tokenised bank deposits. DBS and UOB join later this month; the controlled trial runs July through December.
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The booking fee is dead, so Laters.com sells the fare instead: $1.5M seed, 16 markets
The Singapore platform books 650 airlines as merchant of record, earning on the fare rather than a fee. It has run monthly-profitable since February 2025 across 16 markets, with the US its largest.
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The Philippines finally gets a tech listing worth queuing for: GCash parent Mynt clears a $1.5B IPO
The SEC cleared Mynt to raise up to $1.5B on the Philippine Stock Exchange at a roughly $11B valuation, trading from 20 October. It would be the country's largest listing ever.
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Southeast Asia's compute landlord changes hands: KKR and Singtel close on STT GDC at $10.9B
The consortium bought ST Telemedia's remaining 82%, leaving KKR with 75% and Singtel 25%. STT GDC runs 780MW live and holds a pipeline above 1.7GW, including 360MW under build in Jakarta.
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Cleaning is the labour line nobody can refill: Singapore's Hivebotics raises $6M from Vertex
The NUS spinoff's Abluo robot has logged nearly 10,000 hours across more than 20 sites, turning a 30-minute manual restroom clean into a five-minute human inspection.
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Brazil now demands a licence to move money in, so Ant International went and got one
Brazil's central bank authorised the Singapore-headquartered payments group as a payment institution, extending a network that clears over 20 million transactions a day across 150 million merchants.
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BYD's West Java factory runs at 150,000 vehicles a year and employs nearly 9,000 people, heading toward 18,000. Its Indonesian sales have tripled since 2023.
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FPT Poland absorbs Nippon Seiki Europe's software design unit, taking on head-up-display and embedded automotive work. Nippon Seiki stays on as a client of the team it sold.
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ACI Worldwide acquires UK-founded Cranium Ventures, whose SYNAP card-switching framework is built out of offices in Singapore and Malaysia. Terms undisclosed; closing in Q3 2026.
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DSG Consumer Partners acquired bback outright, a wellness brand stocked in more than 400 Singapore doors including Guardian and Watsons. Ex-Himalaya Wellness executive Saket Gore takes over as CEO.
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The non-binding term sheet, signed 28 August with Bakrie & Brothers as guarantor, covers up to Rp2 trillion ($119M) and carries a conversion option into VKTR equity. Proceeds buy electric buses and trucks.
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Being a foreign broker in Thailand stopped paying: DBS hands its baht client book to ttb
DBS Vickers Securities Thailand started contacting clients on 31 August to move baht securities, derivatives and cash to ttb wealth securities, with completion due by May 2027. DBS keeps its non-baht private banking.
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Heat is what limits an AI chip: Malaysia's nanoSkunkWorkX raises $2M for graphene-copper films
Singapore's Tin Men Capital led the seed round — its first in a Malaysian startup — with Gobi Dana Impak and Kumpulan Modal Perdana. The films move heat more than twice as well as a copper baseline, with no equipment change.
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Singapore's ComfortDelGro wins a $2.7B contract to run the Copenhagen Metro
The joint venture with RATP Dev operates and maintains four lines, 44 stations and 43km of track for 12 years to 2039. The network carried 135 million passengers in 2025.
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MAS commits S$220M to fintech under a renewed FSTI 4.0 scheme
The three-year, S$220 million commitment spans six tracks — AI, distributed ledger and quantum deployment among them — and underwrites 1,000 fintech internship placements through a new portal.
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Gojek routes GoTaxi bookings onto ComfortDelGro's Zig fleet in Singapore
GoTaxi requests can now be matched to Zig's roughly 7,600 metered taxis, the city's largest such fleet, widening an arrangement that previously covered only selected GoCar bookings.
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The region stops being its own asset class: 500 Global will not raise another Southeast Asia fund
The firm behind Grab, Carousell and Carsome — over 340 SEA companies — will route new deals through its global funds. Its last dedicated regional vehicles raised $143M in 2023.
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Grants step in where rounds stepped back: MAS puts S$220M behind fintech over three years
FSTI 4.0 runs six tracks covering AI adoption, shared infrastructure and talent, up from S$150M in the last cycle. Singapore counts more than 1,800 fintech firms employing close to 10,000 people.
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The KBH Metro Partner venture with RATP Dev operates four lines, 44 stations and 43km of track for 12 years to 2039. The network carried 135 million passengers in 2025.
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Private equity without the ten-year wait: Singapore's Aura opens an evergreen fund paying 5% a year
The Aura PE Evergreen Income Fund targets 12-15% net a year across a 60/40 equity and credit split, with quarterly redemptions after a 12-month lock-up. Its equity book has deployed over A$100M at an 18.3% net IRR.
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Japan is assembling an APAC digital zone one stake at a time: SBI takes 20% of Ajaib
SBI Holdings takes a fifth of the Jakarta platform, its largest round since 2022. Ajaib began as a 2018 brokerage and now sells equities, bonds, ETFs, crypto, stablecoins and forex; it raised $245 million in 2021 above $1 billion.
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Vietnam gets the packaging step now, not just the assembly: Foxconn's ShunSin adds $65M
ShunSin Technology will build bumping and redistribution-layer lines at its Vietnam unit, taking cumulative investment there to about $175 million. Foxconn has built in Vietnam since 2007 and is approaching $5 billion.
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Singapore's money went to San Francisco: 1982 Ventures joins Higgsfield's $400M at $5.4B
DST Global led the Series B; the Singapore firm co-invested alongside Goldman Sachs Alternatives and Intel Capital. Higgsfield reports $700 million annualised revenue, 30 million users across 238 territories and 20 million monthly generations.
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Malaysia's growth companies can borrow now instead of diluting: OSK opens Pothos Fund I
OSK Ventures and Affin Hwang Investment Bank opened what they call Malaysia's first venture debt fund, with a three-year investment tenure and an undisclosed size. It targets revenue-generating firms with predictable cash flows.
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The buyer was a water utility, not a venture fund: Groundup.ai wins S$4M from PUB
The Public Utilities Board awarded a S$4 million ($2.9 million) predictive-maintenance contract covering critical rotating equipment, picking Groundup.ai alone from fifteen tender respondents. The system reads sound, vibration and thermal signals.
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Two foreign banks want the same 15%: Techcombank's stake talks value it near $2B
Reuters reports BNP Paribas and KB Kookmin are separately weighing a stake of at least 15%, priced near twice book value — roughly 55% above the last close. Foreign ownership sits at 20.5% against a 30% ceiling.
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Who settles it when the buyer is an AI agent? DBS wires Stripe into its Asian rails
Stripe gains access to DBS money-movement and cash-management infrastructure; DBS takes Stripe's embedded-finance reach. Asia's outbound cross-border flows ran $13.5 trillion in 2025 and are projected at $24 trillion by 2033.
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Buying at 23 rupiah while the market pays 50: Morgan Stanley crosses 5% of GoTo
The bank lifted its voting stake from 4.83% to 5.16% across two purchases totalling 87.3 billion rupiah ($4.91 million), as GoTo faces index removal and a proposed 8% cap on ride-hailing commissions.
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The robo-adviser now writes the will: StashAway buys MakeGoodwill and its S$179 product
MakeGoodwill has produced more than 1,100 online wills at S$179 each, with S$35 annual edits after the first year. It keeps operating as a standalone brand; the price was not disclosed.
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A Japanese bank buys into the paperwork layer: SMBC and Singtel Innov8 back fileAI
SMBC Asia Rising Fund and Singtel Innov8 invested an undisclosed sum in the Singapore document-automation firm, which has processed more than one billion files and raised about $20 million to date.
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Vietnam is where the panel gets made now, not just assembled: TCL nearly doubles to $590M
TCL will lift its Vietnam investment from $310M to $590M by 2027 across four LCD-panel and display-module plants in Binh Duong and Quang Ninh. 2025 revenue there hit $1.39B.
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Three sovereign funds want the same borrower: Granite Asia's private-credit fund clears $500M
Temasek, Khazanah and the Indonesia Investment Authority anchored Libra Hybrid, which passed its $500M target after a $350M first close in December. Eight deals done, two already exited.
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Jakarta's rubbish just got a 20-cent price: Danantara breaks ground on a $169M Bekasi plant
Danantara's Denera unit started construction on its second waste-to-energy facility, burning 1,500 tonnes daily from mid-2028 under a PLN power-purchase agreement at $0.20/kWh.
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Nobody wants to buy a chiller: Singapore's August Energy puts $100M behind cooling-as-a-service
August Energy and India's Energeia formed a $100M joint venture financing cooling, steam and motor upgrades for industrial plants, which pay from measured savings instead of capital. Southeast Asia is next.
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PT Chandra Asri Pacific pays S$265 million plus up to S$30 million in earn-outs for ten Singapore subsidiaries, the Malaysian holdings and the Cycle & Carriage trademarks — Mercedes-Benz, Kia, Mitsubishi, Peugeot and Leapmotor across nearly 20 sites.
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Most of Temasek-backed Azalea's new $1B buys other people's positions, not new companies
Azalea Investment Management gathered over $1 billion across three vehicles: Altrium Private Equity Fund III at $526 million, Altrium Co-Invest Fund II at $210 million, and Azalea All Access, its first evergreen fund, at $350 million.
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Vietnam's co-living operator found a Japanese bank before a growth fund: M Village raises $26M
Mizuho Asia Partners backed the Vietnamese co-living and hospitality operator's $26 million round. Trip.com had already taken a minority stake in the company.
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Seven years of debt gets repaid in full: Bain buys Gong Cha's 2,000 stores for $635M
Bain Capital is acquiring the bubble-tea chain from TA Associates and other shareholders for more than $635 million, closing by year-end. Partners Group's $200 million-plus 2019 unitranche loan is repaid in full.
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A stablecoin bank licensed in Jakarta and Kuala Lumpur just hit $1B: Fasset raises $68M
Japan's SBI Group led the Series C three months after a $51 million Series B. Fasset holds regulatory approvals in the UAE, Indonesia, Malaysia, the EU, Turkey and Pakistan, and runs over $40 billion in annualised transaction volume.
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Twenty proposals, four winners: Singapore parcels 200MW of data-centre capacity onto Jurong Island
The DC-CFA2 round gives Digital Realty, Equinix, Keppel and ST Telemedia 50MW each, drawn from more than 20 proposals. Every site must sit on Jurong Island and run at least half on green energy.
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A payments firm bought the salon queue: Korea's NICE takes 93% of Vietnam's EasySalon
KOSDAQ-listed NICE Information & Telecommunication bought more than 93% from the founder, terms undisclosed. EasySalon's software serves over 5,000 beauty businesses across 34 Vietnamese provinces.
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Malaysia wants the chip design, not the packaging: Arm opens its cores to five local firms
Oppstar and Alphaswift received offer letters for Arm's Compute Subsystem and Flexible Access programme, two of eight awards to five companies. Arm's OnDemand training has certified 1,530 people against a four-year target of 10,000.
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The taxi fleet is buying its way into private hire: Zig orders $7.9M of BYDs
ComfortDelGro's Zig is putting over S$10 million ($7.87 million) into BYD SEAL 6 DM-i and M6 vehicles. Its private-hire driver base grew 28% in 2025, beside a taxi network of 7,600 cars.
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The Shell sign stays up, the ownership does not: Sefas takes all 200 Indonesian stations
Sefas moves from a joint arrangement with Citadel Pacific to full ownership of roughly 200 Shell-branded sites and a fuel terminal in Gresik. Shell keeps the brand licence and stays the supplier.
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Korean private equity is done: a Thai operator takes Bonchon's 500 restaurants
Minor Food and Serruya PE buy the Korean fried-chicken chain from VIG Partners, which paid about $43 million for 55% in December 2018. Minor takes every market outside the Americas.
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Vietnam handed over the land without an auction: $508M and 52MW for Singapore-backed Evolution
Ho Chi Minh City granted 4.96 hectares in Saigon Hi-Tech Park on a 50-year lease running to 2076, for a hyperscale campus targeting 52MW of IT load.
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Singapore bought a stake in the voice layer: EDBI extends Deepgram's $130M Series C
The state investor's strategic cheque comes with an APAC headquarters in Singapore and a regional general manager. Deepgram's API requests across the region rose 96% year on year.
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Singapore and Thailand users can scan WeChat Pay codes at Chinese merchants from the ShopeePay app, with Malaysia, Vietnam and the Philippines to follow. TenPay Global now links about 50 wallets across 13 markets.
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Apple's supply chain keeps voting with concrete: Foxconn adds $265M in Vietnam, $57M in Singapore
New filings split the Vietnam money three ways: $117M for TV components, $114M for EV parts, $33M for Apple tablets. Foxconn's Vietnam total approaches $5 billion.
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The land-use clock beat the data centre: STT GDC exits Vietnam, VNG buys 65% for $18.3M
STT GDC sold 65% of VTH Software Development for VND480 billion, saying the remaining land-use term no longer suited hyperscale. VNG will build an office and e-sports campus there instead.
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Singapore's retiring owners are an asset class: Timah Partners lands a $47M acquisition facility
UOB, RHB and Genesis Alternative Ventures lent S$60 million on an umbrella delayed-drawdown line, letting Timah buy B2B firms with S$10–50 million revenue without refinancing each deal.
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Malaysia's 1,100-bus electric order needs a local floor: Bus Cap signs BYD for Perak assembly
The exclusive MoU covers localisation, distribution, after-sales and a proposed electric bus plant in Perak, where Bus Cap's Sin Hock Leong has built coaches since 1968. Terms undisclosed.
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Johor is becoming everyone's server room: Tencent Cloud plants its first Malaysia region there
Tencent Cloud will open up to three availability zones in Johor, wiring Malaysia into a network of 66 zones across 23 regions, and train more than 1,000 people with Universiti Teknologi Malaysia.
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A Singapore payments firm just became American merchants' way out: Thunes carries Fiserv's payouts
Fiserv's merchants gain Thunes' Direct Global Network, which reaches 12 billion bank accounts and wallets across more than 140 countries in 90 currencies.
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Vietnamese healthcare consolidates one clinic at a time: NSQ Capital backs a four-hospital eye group
Singapore's NSQ Capital invests in Anh Sang International Eye Group, which has treated over 1.5 million patients since 2009 across four Light Eye hospitals. Terms undisclosed.
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Solar needs a lender before it needs a panel: Maybank signs Haier's ASEAN energy platform
A Heads of Agreement puts Maybank's trade, Islamic and supply-chain financing behind Haier Energy's solar and smart-energy rollout, launching in Malaysia before selected ASEAN markets.
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A factory in West Java was not enough: VinFast hands Gowa Motor 30 Indonesian showrooms
The Vietnamese EV maker signed an MoU with Gowa Motor Group to build at least 30 showrooms and service centres, adding to more than 40 already open in Indonesia.
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Two years of clinic data finally has a price: Medi Lifestyle takes 60% of Q & M's EM2AI
Under a non-binding agreement, the S$6.76 million stake is paid in 138 million new shares, valuing the dental-imaging platform near S$11.3 million. EM2AI has run in Q & M's Singapore clinics since April 2024.
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A letter of credit still moves on phone calls: PILA and TOTM digitise Vietnam–Singapore trade
The pair signed an MoU to verify letters of credit with digital credentials, replacing multi-day SWIFT checks and manual reconciliation. PILA runs Vietnam's layer through NDAKey; TOTM integrates Singapore's TradeTrust, with product passports planned across three markets.
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Equity is thin, so money arrives as debt: Partners Group closes a $1B Asia credit mandate
One Asian institutional investor committed the mandate under an open-ended evergreen structure covering senior and junior direct lending. Partners Group now runs over $40 billion of private credit across seven Asian offices.
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The coffee chain that beat Starbucks wants public money: ZUS eyes a $245M Bursa listing
Owner Zuspresso is working with advisers on a Bursa Malaysia listing as early as mid-2027, seeking at least RM1 billion at a valuation near RM4 billion, about $980 million.
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Vietnam's connectivity gap now has a price list: Starlink opens at $43 a month
Starlink Services Vietnam began selling after February's licence from the Ministry of Science and Technology, under a controlled pilot capped at four ground gateways and 600,000 terminals. Kits run $329 to $440.
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Deep tech in Malaysia still needs a state cheque: VentureTECH puts $7M into three firms
The government-backed impact investor split RM28 million across warehouse robotics firm Move Robotic, med-tech commercialiser Recove, and Edote, which builds digital accessibility tools for blind users.
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Selling to Asia now means hiring in Asia: Klaviyo staffs a Singapore HQ toward 175
The marketing-automation firm opened with 25 staff and plans more than 175 by year-end, backed by the Economic Development Board. Revenue outside the Americas grew 35% year on year last quarter.
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KKR wants the Philippines' geothermal fleet off the public market: First Gen valued at $2.7B
KKR is buying 8.43% from First Philippine Holdings at about 46 pesos a share, then tendering for the 11.67% public float to delist the owner of 12 geothermal plants.
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UOB Malaysia coordinated the green loan alongside OCBC, Standard Chartered and CIMB. Phase one carries 166MW of IT load at Nusa Cemerlang, inside the Johor-Singapore Special Economic Zone.
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Temasek-founded LemmaTree led the Series B with Integra Partners and Tin Men Capital. Graas runs more than $1 billion in live commerce transactions; Trustana brings David Jones and Chemist Warehouse.
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Vietnam's fryer oil becomes jet-fuel feedstock: FatHopes and PVOIL target 200,000 tonnes a year
Malaysia's FatHopes will run digital traceability across PVOIL's roughly 1,000 petrol stations to aggregate used cooking oil, starting in Ho Chi Minh City before going nationwide.
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Chip supply chains keep landing in Malaysia: NXP adds 500,000 sq ft in Petaling Jaya
The Dutch chipmaker's groundbreaking takes its assembly and test site to about 900,000 square feet, with production ramping from the first quarter of 2028.
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Beijing can unwind a Singapore company's exit: Manus AI leaves Meta, $2B deal reversed
China's National Development and Reform Commission prohibited Meta's $2 billion purchase, which had closed in December 2025. Manus operates independently again and deletes data for users who registered on or after 29 December 2025.
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A $50M seed when the investor built the company: Singapore's K2 Therapeutics raises
MPM BioImpact, which manages over $3.5 billion and founded K2 in 2024, put up the full round. K2 runs eight programmes from pre-clinical to clinical, including antibody-drug conjugates and T-cell engagers.
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The freight is moving east of Jakarta: ESR and INA fund two more logistics builds
Cikarang Logistics Park 4 and the Grade A Cibitung Distribution Hub complete in 2027 and 2028. Indonesia's freight and logistics market is projected to pass $188 billion by 2031.
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Undersea cable is now foreign policy: Vietnam and Australia sign a five-year digital pact
The memorandum covers AI, semiconductors, cross-border data flows, undersea cables and data centres. Two-way trade passed $14 billion in 2025, against a $20 billion target.
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The AI chip bottleneck moves to Singapore: Powertech takes 30% of a $5.66B packaging venture
Powertech puts in $400 million for 30 percent of XCIP Technologies, a Broadcom joint venture in Singapore. Its fan-out panel packaging fits about 45 large AI dies per pass against eight or nine today. AMD ships first, in late 2027.
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Singapore's next 900MW will be generated in Malaysia: EMA clears Sembcorp and Ditrolic to import
Conditional approvals cover 300MW for Sembcorp Utilities and 600MW for Ditrolic's Southern Solar Alliance, drawn from Johor solar and storage. Singapore now holds 13 conditional import approvals. Both target commercial operations in 2029.
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Singapore's sovereign fund becomes an AI landlord: GIC and Macquarie build Theseus for Anthropic
GIC and Macquarie Asset Management own and fund Theseus Infrastructure, supplying majority equity on each project. Anthropic anchors as tenant and covers electricity price rises for consumers near the sites. The first builds are in the United States.
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An $11.4M Vietnamese startup just bought a ride to orbit: VinSpace books SpaceX for 2027
VinSpace, founded in November 2025 with 300 billion dong of capital, will fly its satellites on a SpaceX Transporter rideshare in 2027. Vingroup founder Pham Nhat Vuong holds majority ownership. Terms were not disclosed.
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Nobody bought anything and $2.8B moved: Telkom carves phase-two fibre into Infranexia
Telkom Indonesia values its phase-two wholesale fibre segment at 49.86 trillion rupiah and transfers it to subsidiary Infranexia for 498.58 million new shares. The segment booked $1.3 billion of revenue in 2025.
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Land with power already attached is the scarce asset: MRCB hands TECO a 65MW build
Malaysian Resources Corporation supplies land with existing power and handles approvals; Taiwan's TECO Electric supplies modular halls, engineering and operations for a 65MW AI-ready facility under a memorandum signed today.
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Compressor blades and hip implants off the same Johor floor: Hyatech books 220,000 sq ft
AME Elite's Pentagon Land will build Shanghai-listed Hyatech a 220,000 sq ft plant on 6.8 acres at i-TechValley, Iskandar Puteri, for aerospace compressor blades and orthopaedic implant forgings.
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A pilgrimage now comes on a 24-month plan: Ant International's Bettr lands in Malaysia
Bettr, the embedded-finance arm of Singapore's Ant International, will fund Umrah packages over 12 to 24 months inside Muslim Pro, an app with more than 190 million downloads, with Shariah compliance routed through SEDANIA's AS-SIDQ.
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Indonesia's sovereign fund is buying protein, not startups: Danantara puts $2.5B behind JBS
Brazilian meat packer JBS and Danantara Investment Management will form a joint venture covering Indonesia, Southeast Asia, Australia and New Zealand, folding in JBS's ANZ businesses. The Indonesian fund commits $2.5 billion.
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Singapore's state investor went shopping one layer below the GPU: EDBI joins Lumilens' $700M round
The US optical-interconnect startup left stealth at a $5.51 billion post-money valuation, with EDBI and Peak XV joining a round that lifts its total funding past $900 million.
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A bank-backed venture arm in Jakarta wrote one cheque: OJK pulls BTPN Syariah Ventura's licence
Indonesia's financial regulator revoked the unit's licence on 5 August as Bank SMBC Indonesia wound it down. Its portfolio ran to a single startup, Dagangan, which took $6.6 million in pre-Series B funding.
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Indonesia stops renting compute and starts owning it: Indosat launches Zankore at 1GW
Indosat Ooredoo Hutchison, Ooredoo Group, NVIDIA and Nokia launched Zankore, targeting up to 1GW of AI-factory capacity. Phase one delivers roughly 200MW on GB300 NVL72 systems in the first half of 2027.
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The AI cloud's first Asian address is Jakarta, not Singapore: CoreWeave contracts 360MW
The US AI cloud will own and operate three Indonesian data centres carrying 360MW of contracted IT power, online in 2028 — its first facilities anywhere in Asia-Pacific.
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$2B at a $10.5B valuation, and some of it is earmarked for Indonesia: Firmus raises
Blackstone Tactical Opportunities, Coatue, NVIDIA and Jane Street backed the Australian AI-factory builder, which keeps a Singapore office. The capital funds Project Southgate and early development in Indonesia.
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A billion Weixin wallets can now pay a Hanoi noodle shop: NAPAS links the QR rails
Vietnam's national payment switch connected VietQRGlobal to Weixin Pay with BIDV settling, reaching more than a billion Chinese users. It is the third China rail NAPAS has opened in 2026, after UnionPay and Alipay.
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Running a 100-billion-parameter model may need no cloud at all: Singapore's Acrab adds $130M
Vertex Ventures SEA & India and Vertex Growth led the Series B extension, weeks after a $350M round. Acrab's GΞLIX 1 chip runs inference on the device; revenue is expected within 2026.
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1.8GW is a pipeline, not a project: Temasek's GenZero takes PCG Global's first outside cheque
The clean-energy platform carries roughly 1.8GW across development stages in Southeast Asia, Oceania and the Middle East, with one Indonesian project already running and 2GW operating under its Chinese parent.
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A ringgit-to-Singapore-dollar payment still waits for the morning: Maybank joins MAS's BLOOM
Maybank Singapore enters the MAS programme on tokenised bank liabilities and regulated stablecoins, after clearing the first real-time on-chain MYR-SGD corporate trade. Its ROAR30 plan commits MYR10B ($2.45B) to technology over five years.
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Sixteen markets are now run from one Kuala Lumpur floor: Delivery Hero puts MYR20M behind it
The foodpanda parent moves its Malaysia shared-service centre into a 38,000 sq ft Kuala Lumpur site serving 16 markets across Asia-Pacific, Turkey and Europe, targeting 80% Malaysian staff by 2027.
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Sixteen years of revenue booked before the racks ship: Singapore's Bitdeer signs $4.7B in Norway
The colocation lease with Volta Tydal covers 121 IT megawatts at Bitdeer's Tydal campus at roughly $202 per kilowatt monthly. An eight-year renewal would carry it to $8 billion.
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The Series B, led by The General Partnership with Ribbit and Lightspeed, follows eight acquired professional-services firms serving clients across more than 10 countries, with four more under signed term sheets.
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A Singapore trust now owns 13,700 German rooftops: Keppel Infrastructure pays €34M for 45%
The stake buys 205MW of residential solar from Enpal, backed by 20-year household leases. The trust's renewables portfolio reaches 1.4GW and assets under management rise to S$9.6 billion.
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One facility, ten thousand borrowers: Malaysia's state lender backs Funding Societies' SME book
Malaysia Debt Ventures, a finance-ministry subsidiary, signed a multi-year working-capital facility with the platform, which has disbursed MYR7 billion to more than 10,000 Malaysian businesses.
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New money has stopped pricing Indonesian logistics up: Waresix raises $27.4M below its last mark
Granite Asia, Jungle Ventures and East Ventures took new shares at $92.57 each, under the $99.67 DEG paid in June 2025. Total equity raised now reaches $197.21 million.
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Nine years of truck data was the asset, not the software: McEasy raises $9M Series B
Integra Partners led the equity and InnoVen Capital supplied venture debt, taking Integra to 13.4% and third place behind East Ventures at 22% and Granite Asia at 19%.
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SB Telecom Singapore, SC ZEUS Data Centers and Robust HPC Group signed an MOU effective August 1, dividing land, GPU clusters and connectivity across Malaysia, Thailand, Indonesia and Vietnam.
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The bancassurance engine was only 69% owned: Maybank pays $1.18B for the rest of Etiqa
Maybank agreed to buy Ageas' remaining 30.95% of Maybank Ageas Holdings, which owns Etiqa's Malaysian and Singaporean insurance and takaful businesses, for RM4.83 billion. Bank Negara Malaysia must approve.
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Indonesian payment licences take years: an Australian fintech buys Brick's instead for up to $20M
Brick is in final talks to sell a majority stake for $10-20 million. Its Bank Indonesia payment-provider licence came from buying PT Eastern Transglobal Remittance in 2023.
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Temasek Financial (I) opened books on a fixed-rate note due 2036 under its $30 billion global medium-term programme. Moody's rates it Aaa and S&P AAA. Size and final coupon are not set.
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A Singapore firm just bought its way into 400 global brands: ADA acquires India's Algonomy
ADA, headquartered in Singapore and Malaysia with 1,300 staff and 1,500 clients, takes Algonomy's real-time retail decisioning and its 400 brands. The combined group sells across 34 markets. Terms undisclosed.
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OCBC arranged MYR 325 million ($79.5M) for ESS Bahau's 100MW/400MWh system, the first project financed under MyBeST, the Energy Commission's competitive tender for grid-scale storage. Operation targets July 2027.
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Indonesian logistics is buying Australian ports, not the other way round: ABL takes Engage Marine
Asian Bulk Logistics closed its purchase of Engage Marine, which runs harbour and terminal towage at Australian ports for vessels up to Capesize. It is ABL's fourth Australian acquisition since 2023.
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Remittance apps have always stopped at the bank account: Wise plugs into Malaysia's DuitNow
Wise gained direct access to PayNet, letting users scan DuitNow QR codes and send ringgit to a mobile number. Malaysia becomes the ninth market worldwide where Wise holds domestic payment-system access, and the fifth in APAC.
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Only three firms in Singapore both list and clear: HashKey moves on APEX
Hong Kong's HashKey signed a non-binding framework agreement to buy Singapore's Asia Pacific Exchange outright. APEX holds both an MAS Approved Exchange and Approved Clearing House licence, a pairing only three firms carry, and the deal awaits MAS approval.
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Manila built the AI delivery bench Singapore needed: Temus takes a stake in Thinking Machines
Temasek-backed Temus invested an undisclosed sum in Thinking Machines, OpenAI's first services partner in Asia Pacific. The Manila firm has served over 110 clients since 2015 and trained more than 10,000 professionals.
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Ageing is becoming an investable platform: Singapore's iWOW raises S$15M from nine institutions
iWOW placed 66.67 million shares at S$0.225 each, drawing UOB Asset Management, Lion Global, Tokio Marine and Value Partners. Proceeds shore up the balance sheet after its acquisition of The Gentle Group.
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Malaysia's data-centre boom needed lenders, not landlords: AirTrunk raises $2.33B for 420MW in Johor
IFC and DBS anchor $2.325 billion of green project financing for the JHB2 campus, AirTrunk's largest single-asset raise and the biggest for one Malaysian data centre. Design power usage effectiveness is 1.37.
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The US manufacturer takes full ownership of foundational TOPCon cell and module patents it previously licensed from Evervolt Green Energy Holding, paying $2 million upfront and $133 million across four instalments due October.
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Japan's Cool Japan Fund leads the Series C alongside Khazanah Nasional, BlueOrchard, Altara Ventures and Gobi Partners. The embedded-insurance platform serves over 5 million customers and more than $10 billion in sum insured.
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Apollo-managed funds anchor the S$3.7 billion programme. Keppel divests six operational rigs in 2026 for S$1.2 billion and four more through 2028, lifting funds under management by S$3.9 billion.
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A hyperscale data centre funded by Islamic bonds: Sime Darby Property opens a $640M green sukuk
The MYR 2.6 billion programme funds a hyperscale data centre in Elmina Business Park, due end-2027 and pre-let for 20 years to a multinational technology tenant, plus build-to-suit warehouses.
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Cicor pays $15 million to $20 million for EDMI Electronics in Johor, which handles final assembly for Asia-Pacific, and takes a long-term contract to build most of EDMI's smart meters.
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Vietnam's engineers now run a Japanese trading house's AI: ITOCHU and FPT open a tech centre
The virtual joint venture runs through ITOCHU's Hong Kong subsidiary CISD Asia and scales the CISD AI Agent, a multi-agent platform already deployed across more than 100 ITOCHU business units.
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Danantara Asset Management signed share purchase agreements for controlling stakes in the investment arms of Mandiri, BRI, BNI and PNM, which together managed IDR 170 trillion ($9.43 billion) as of June. They merge within a month.
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Geothermal's hard part is the decade before the steam: Mizuho hands Pertamina a $75M trade facility
Bank Mizuho Indonesia provided an unsecured non-cash facility spanning bank guarantees, standby and import letters of credit, payables financing and a revolving loan. PGE targets 1 GW of self-managed capacity by 2028 and 1.8 GW by 2034.
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Renewables need operators, not just cheques: Temasek's GenZero anchors PCG Global's pre-Series A
The Singapore firm develops and operates renewable projects and manages carbon assets. Sources put the round in the tens of millions of dollars; parent PCG Power runs over 2 GW in China with 1.8 GW in development.
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HSBC is selling the Singapore business it spent decades building: Allianz pays S$2.7B
Allianz acquires HSBC's Singapore life and health insurance arm for S$2.7 billion ($2.09 billion), handing the bank a $1.8 billion pre-tax gain and up to 15 basis points of CET1 capital.
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A direct acquiring partnership puts JCB cards on Fiuu's online and offline merchant rails in Malaysia, Singapore and the Philippines, with Thailand next. Fiuu processed over $13 billion in payment volume in FY2025.
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The Asia Climate-smart Landscapes Fund lends to underbanked SMEs across Indonesian agriculture, forestry and aquaculture supply chains, backed by $8 million from Australian Development Investments and a 50% asset-level guarantee from the US DFC.
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The Alipay+ and Antom parent, backed by Ant Group and Alibaba, will fund cross-border-payment and agentic-commerce expansion across four business lines reaching 150 million merchants and two billion accounts.
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The Series A, led by Kantharos Capital, funds IND-enabling work on an off-the-shelf cell therapy for B7-H3-positive solid tumours, with a regulatory submission planned for year-end 2026.
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The five-year tie-up pairs CuspAI's AI discovery platform with A*STAR's autonomous labs — including Southeast Asia's first fully autonomous MOF lab — across semiconductors, carbon capture and advanced electronics.
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Grab took a strategic stake in Hanoi charging network EBOOST, folding its 2,500 existing points into the Grab app and targeting 6,000+ ports — nearly 3,000 in Hanoi — by early 2028.
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The Jakarta company is raising up to $7 million in a bridge round to expand its commercial electric-vehicle fleet business across Indonesia.
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Nasdaq-listed Gorilla raised $232M in bonds, sending $125M to Indonesia's NeutraDC Batam build-out — backing a five-year, $2.5B contract — while advancing a 200MW GPU campus in Thailand's Korat.
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Taiwan's Powertech will invest $400M in a Singapore joint venture with Broadcom to build fan-out panel-level packaging — the fine-geometry routing behind Broadcom's and AMD's AI chips. The deal is pending Taiwan regulatory sign-off.
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EQuest, the KKR-backed education group, and developer Phu My Hung will co-develop a $40M K-12 complex in Bac Ninh's Hong Hac City — 22,000 sqm for 2,500 students, piling begun 18 July, first intake targeted 2028.
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The Singapore-headquartered exchange took its first institutional round in ten years, earmarking the capital for tokenised securities and derivatives.
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The seed round, co-led by SGInnovate and Lotus One, follows $2.8M raised in 2022 and funds integrations already running with Thales, Microsoft and PQShield.
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The REIT sold the Kim Chuan Telecommunications Complex for 32% above its S$151.8M June valuation, with roughly S$180M in net proceeds trimming leverage toward 41.4%.
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Rice paddies emit 12% of the world's methane: Singapore's Rize raises $31M to drain 50,000 hectares
The Series B splits $20M equity and $11M debt, led by BNP Paribas Asset Management Alts with Temasek and the Rockefeller Foundation. Rize farms 50,000 hectares with 17,000 smallholders across Vietnam and Indonesia.
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Terms undisclosed. Winnow tracks waste across 3,500 kitchens in roughly 100 countries and says clients avoid 128,000 tonnes of CO2e a year; Lumitics customers move onto its automated Throw & Go system.
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AI spend moves to the edge: Singapore's Whale adds $40M, taking its Series C to $100M
CMB International and SMBC Asia Rising Fund led the extension, with Singtel Innov8, Hyundai Motor Group and Krungsri Finnovate joining. Whale manages 600,000 edge AI nodes for 1,600 enterprise customers across 45 countries.
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Asset-light firms cannot pledge collateral: MDEC and CapBay open a RM200M ($49M) credit pool
The MD Technology Financing Program lends Malaysia Digital status companies up to RM3M each over 60 months from about 6% annually, underwriting on business fundamentals through CapBay's AI credit assessment rather than physical collateral.
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Singapore's PixVerse extends Series C to $439M and crosses a $2B valuation
The AI video platform closed a Series C extension lifting total Series C to $439M, with Alibaba, Mirae Asset and OCBC's LionX Ventures joining. It counts 150M users across 177 countries.
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The World Bank's IFC lines up $175M for AirTrunk's Johor data-centre campus
IFC proposes up to $175M to back the Blackstone-owned operator's JHB1 campus in Johor Bahru, adding development-bank money to a Malaysian data-centre build-out already drawing multibillion-dollar syndicated loans.
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Vietnam's café boom goes venture-scale: Every Half pours an $8M Series A from Openspace and DSG
Ho Chi Minh City specialty chain Every Half raised an $8M Series A led by Openspace Ventures and DSG Consumer Partners — roughly triple its earlier $3M — to add outlets and deepen its bean supply chain.
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Singapore's dentist goes shopping in Bangkok: Q&M buys 51% of Thailand's 33-clinic Deezy for ~$39M
Q&M Dental Group will pay THB994.5M (~$39M) — THB700M cash plus new shares — for a controlling 51% of Deezy Dental Home, adding 33 clinics across Bangkok and the northeast under a six-year, THB1.25B profit guarantee.
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Schroders-owned impact manager BlueOrchard invested $5M via its InsuResilience strategy, extending Malaysian insurtech PolicyStreet's Series C to $26M. The firm has served over 10M customers across gig workers and SMEs.
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A right-of-use deal for the final pair brings the 20,000km Singapore–US cable to $1.3B across five pairs, carrying 240+ Tbps. Keppel projects ~30% IRR via its 40-60 co-investor JV.
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Seviora and Nuveen's Churchill closed a $400M collateralised fund obligation split 50-50 across Asian private credit and US junior capital, oversubscribed by US insurers hunting rated yield.
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Atome Philippines secured a 5-billion-peso ($81M) wholesale facility from Asia United Bank to expand its PayLater Anywhere Card, which serves over 3 million users.
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SimpleAI raised a $5M seed plus a $10M debt facility to acquire accounting and fund-admin firms across APAC, with $25M+ of deals under review and an IPO targeted within 24 months.
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A celebrity brand goes public: RANS jumps 34% on Jakarta debut after a million retail orders
PT RANS Entertainment Indonesia, founded by Raffi Ahmad and Nagita Slavina, raised Rp429 billion (~$26M) selling 20% of its capital; the stock closed its IDX debut up 34.12%, tripping the exchange's volatility halt.
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The B2B 'revenue agents' startup raised $9M in a pre-Series A co-led by Singapore's True Global Ventures and Accel, with Philippines' Kickstart Ventures joining — lifting total funding to $14M.
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Danantara's investment arm and Denera broke ground on a Rp3-trillion ($167M) plant that will process 500,000+ tonnes of Bali's municipal waste a year and sell power to state utility PLN under a signed PPA.
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Thailand buys into the AI supply chain: BOI clears $1.99B, led by a Japanese GPU-hosting build
Thailand's Board of Investment approved nine projects worth $1.99B, led by Japan's Datasection committing $235M to GPU-server infrastructure in Bangkok, plus $370M of printed-circuit-board plants from Taiwan's TUC and Korea's Doosan feeding AI-server demand.
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The integration opens 100-plus payment methods to Dragonpay's 905 merchants and wires them into cross-border rails now spanning Indonesia, the Philippines, Malaysia, Thailand, Vietnam, Singapore and Hong Kong.
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Singapore's Nium is buying its way on-chain: it acquires YC-backed Cypher for stablecoin rails
The Temasek-backed payments firm — already moving money across 100 currencies and 190-plus countries — absorbs Cypher's non-custodial wallet and engineering team to build settlement rails for stablecoin and agentic payments.
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$500M and oversubscribed: B Capital's Ascent Fund III nearly doubles its last fund
The early-stage fund nearly doubled its $254M predecessor, targeting seed-to-Series-B rounds in AI infrastructure, robotics, healthcare and energy across North America and Asia.
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The infrastructure fund's stake bankrolls nationwide expansion in cold chain, air cargo and contract logistics, days after AC Logistics bought 84% of cold-storage operator Glacier Megafridge.
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Australia's Lynas and Korea's JS Link commit to a rare-earth magnet plant in Malaysia
The pair will build a 3,000-tonne-a-year sintered NdFeB magnet factory in Kuantan, with Lynas investing A$50M ($34.7M) for a 4.58% stake in JS Link and up to 400 jobs created.
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Denmark's A.P. Moller Capital completes 40% buy-in of Ayala's AC Logistics
The Danish infrastructure fund closed its 40% stake after merger clearance, backing AC Logistics across cold chain, air cargo, contract logistics and project cargo in the Philippines.
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Indonesia's Xendit folds Philippines' Dragonpay onto its regional payments rail
Dragonpay's 905 merchants and 44 partners migrate onto Xendit's stack, gaining 100-plus payment methods plus payouts and cross-border settlement, following Xendit's 2025 Payex acquisition.
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ADB signs a $100M loan with Vietnam's HDBank to widen MSME finance
The facility on-lends to micro and small enterprises; alongside Standard Chartered, ADB rallied 29 banks to mobilise a further $621M for HDBank's sustainable-finance book.
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Korea's LG Innotek to build $1B semiconductor substrate plant in Vietnam's Hai Phong
The Q3 2026 groundbreaking anchors a 323,812-sqm plant making RF-SiP and FC-BGA packaging substrates — part of LG Group's $10.6B, seven-project push into Hai Phong.
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Singapore's M-DAQ integrates Vietnam's PayME rails to build an ASEAN payment network
The tie-up with METech gives M-DAQ direct dong collection and payout access — its first Vietnam presence — lifting it to five regulated licences across four ASEAN markets.
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Singapore's ESR and Mitsubishi's MCUDI develop $80M logistics assets in Greater Jakarta
The two Grade-A warehouses in Karawang and Cikarang add roughly 111,000 sqm of leasable space, breaking ground now for Q3 2027 completion.
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Singapore's Timah Partners launches a waste-management rollup with its first acquisition
The $50M-backed holding company signed its first deal in Singapore's roughly S$400M ($309M) specialised-waste sector — grease-traps, drainage, sanitation — buying an established operator to consolidate a field of aging, owner-run firms.
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India's AscentHR acquires Malaysia's OS HRS to build a unified APAC payroll stack
AscentHR absorbed OS HRS's payroll operations across Malaysia, Japan and India, forming a combined compliance-and-payroll platform serving multinationals across seven APAC markets from Singapore to Korea.
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B2B payments platform XTransfer opens a Kuala Lumpur office as its Southeast Asia hub
Holding conditional Bank Negara Malaysia approval for payment licences since February, the cross-border trade-payment platform will route SME import-export flows through Kuala Lumpur, with Maybank, CIMB and OCBC present at the launch.
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Singapore's Seraya Partners commits $500M to launch Faraday Energy with Schneider
Seraya will deploy up to US$500M of equity into Faraday, a distributed-energy platform building customer-sited power and decarbonisation infrastructure for data centres and industrial sites across Asia-Pacific and the Gulf, with Schneider Electric as principal technology partner.
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Temasek-backed Azalea launches Azalea All Access, its first evergreen PE fund at $350M
The Astrea sponsor opened its first evergreen private-equity fund with US$350M in anchor commitments, giving accredited Asian investors day-one, monthly-subscription access to a diversified portfolio of PE secondaries and co-investments.
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AnyMind opens 20-studio Bintaro hub to scale Indonesia's live-commerce economy
AnyMind Group opened a Bintaro hub with roughly 20 fully equipped studios — its largest Indonesian live-commerce base — lifting the group to 85 studios across Asia-Pacific and offering brands end-to-end production and real-time broadcasting.
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Singapore's dConstruct raises $125M Series A for GPS-denied autonomous robots
The RoboNexus accelerator's breakout closes one of Singapore's largest deep-tech Series A rounds, funding a 42,000-sqm Punggol headquarters and robots built for GPS-denied sites in security, inspection and logistics.
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Thailand's Amity moves its global AI hub to Singapore, adding 60 roles
Backed by a $100M EDBI-led Series D, the Bangkok enterprise-AI firm makes Singapore its regional headquarters and AI research centre, hiring 60 over three years while targeting $200M annualised revenue in 2026.
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Wesco buys Singapore's Newark Engineering for $136M to own data-centre cooling
The Fortune 500 distributor acquired Newark, a $60M-revenue thermal-management firm with offices in Malaysia and Indonesia, to build a regional data-centre cooling platform.
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Ant International opens Kuala Lumpur global centre, seeding 1,500 fintech jobs
The Alipay+ operator's new TRX development centre will staff 1,500 fintech roles, more than half technical and about half filled by recent Malaysian graduates.
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Vietnam's G-Group commits $300M to a Hanoi AI data-centre campus
G-Group will build G-Campus Hoa Lac across 38,000 sqm — a Tier III data centre opening at 20MW, expandable to 30MW, with adjacent AI, HPC and cybersecurity research zones.
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Singapore's UOB breaks ground on $450M Ho Chi Minh City headquarters
UOB becomes the first foreign bank to build a headquarters in Ho Chi Minh City's new International Financial Center — a $450M tower due for completion in 2030.
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Bangkok's Amity Robotics raises $7M seed to scale AI concierge robots across Asia
East Ventures led the equity with AlteriQ Global on the debt and 500 Global joining; the ARC Base robot is now live across 30-plus properties in seven markets.
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Singapore's Acti raises $5.3M seed to turn the keyboard into an agentic context layer
US fund BITKRAFT Ventures anchored the round; early-access users built more than 1,000 Skills in under two weeks on a keyboard that carries AI context across every app.
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Tata Communications commits $152M to subsea cables widening the India–Singapore corridor
Two new systems linking Mumbai and Chennai to Singapore add roughly 98 Tbps of capacity, with $63M going to the Mumbai–Singapore MIST cable due in service by Q4 FY27.
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Singapore's Qashier raises $6.1M Series A+, profitable on $1B annual payment volume
The merchant-OS startup, now profitable across four markets, processes $1B in annualised payments for 20,000-plus merchants in Singapore, Malaysia, Thailand and the Philippines. Cocoon Capital led the equity-and-debt round.
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Singapore's Biobot Surgical raises $15.5M led by ClavystBio to enter the US market
The surgical-robotics firm raised S$20M from Temasek-backed ClavystBio and ZIG Ventures to scale its Mona Lisa prostate-cancer platform, which has deployed 80-plus systems and treated over 30,000 patients across Europe and Asia.
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Manila's Mynt files for a $1.5B IPO, the Philippines' largest ever
GCash's parent will sell up to 9.23 billion shares at ₱10 apiece, targeting ₱92.3 billion ($1.5B) and a Q4 listing — eclipsing Monde Nissin's 2021 record.
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Merdeka Gold debuts on HKEX — Indonesia's first dual listing in two decades
The Pani gold miner raised up to HK$2.4 billion ($306M) via depositary receipts priced at HK$26.60, drawing cornerstone backers including Glencore and UOB Kay Hian.
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Airwallex raises $320M Series H at an $11B valuation, eyeing Southeast Asia
Addition led the round, lifting the cross-border fintech's valuation from $8B in December; it now runs $1.3B in annualized revenue and went live commercially in Malaysia in April.
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Sweden's Swedfund commits $15M to Navegar Fund III, backing mid-sized Philippine companies
The Swedish development financier anchored Navegar's $250M third fund, which writes cheques into consumer and business-services firms across healthcare, food distribution and logistics.
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Playground Global and Matter Venture join NUS's $117M deep-tech VC program
The two US funds joined NUS Enterprise's $117M vehicle targeting AI, biotech, quantum and advanced materials; NUS will open its first global outpost inside Playground's 70,000-sq-ft Silicon Valley incubator.
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Lion Group takes 10% of Indonesia's Nusantara Bumi Sangkara in $12M deal
The Nasdaq-listed firm took a 10% indirect stake via a $12M share issuance in PT Nusantara Bumi Sangkara, builder of the rupiah-pegged NIDR stablecoin and low-cost cross-border transfer rails.
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Singapore's DBS extends $210M facility to Asia's energy-transition vehicle ETAFCo
DBS becomes the first commercial bank to fund ETAF — a blended-finance partnership under MAS's FAST-P initiative, managed by Clifford Capital — bankrolling coal phase-outs, renewables, grids and storage across Asia.
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Singapore's SuperX AI plans phased 1GW data-centre cluster in Kazakhstan
Chairman Huang Chenghong pitched the AI computing park to Kazakhstan's prime minister at Summer Davos — campus, power and server supply rolled out in phases from 2026 to 2029, marking SuperX's entry into Central Asia.
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AMC Robotics commits $3.5M to a Bắc Ninh factory for robotic arms
The US firm's wholly-owned subsidiary AMCV leased a 6,150 sqm plant in Bắc Ninh to build its NovaArm warehouse robot and Kyro robotic dog, with production targeted for the second half of 2026.
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Singapore's Libeara raises $14M to scale regulated-asset tokenization rails
The Standard Chartered-incubated platform's GSR-led strategic round drew Kyobo Life, Monk's Hill, Openspace and others, funding tokenization infrastructure for institutions issuing regulated digital assets across Asia.
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Singapore's H3 Zoom closes oversubscribed $3.6M Series A for inspection AI
JRE Ventures — East Japan Railway's venture arm — led the round with SGInnovate and M7 Holdings, backing AI that inspects buildings and critical infrastructure across Japan, Hong Kong and Southeast Asia.
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Singapore's ChemT raises $4M seed to bring AI to biomanufacturing
Wavemaker Ventures led the seed with Seeds Capital and Temasek Life Sciences Accelerator, taking ChemT to $5M in 18 months to build its CelMo virtual-cell platform for bioprocess optimisation.
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Singapore's Temasek joins Nearfield's $380M Series D, backing chip-metrology tools
Temasek invested in the Dutch metrology firm's $380M round at a $1.6B valuation, alongside Fidelity and Qatar's QIA — the largest deep-tech raise in Dutch history.
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Upscale AI raises $190M with Temasek aboard to wire AI clusters
Premji Invest led the Series A-1; Nvidia, Salesforce Ventures and Temasek joined, lifting the cluster-networking startup to a $2B valuation and $500M raised in 18 months.
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Manila's Harlan + Holden nears $12M round to grow its coffee retail
The Manila-born coffee-and-lifestyle brand is finalising a $12M raise — backed by AC Ventures co-founder Michael Soerijadji and ex-Bukalapak chief Willix Halim — to widen its Indonesia and Philippines stores.
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Jakarta Eye Center operator files for up to $38M IDX listing
PT Nitrasanata Dharma, operator of Indonesia's Jakarta Eye Center network, is offering 488 million shares to raise up to 683 billion rupiah ($38 million); bookbuilding runs June 22-24 ahead of a July 7 debut under ticker JECX.
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Medical-supply distributor Esa Medika seeks $15M in IDX IPO
PT Esa Medika Mandiri, which supplies labs and hospitals with equipment and pharmaceuticals, is selling 30% of its enlarged capital — up to 522 million shares — to raise 269 billion rupiah ($15 million), listing July 8 under EMMI.
Browse by day.
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Manila clears its e-wallet to list; Jakarta's milk aisle changes hands.
Southeast Asia is pricing distribution that already exists, not the cost of building more.
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VinFast buys its founder's land; Databricks and Thai solar draw foreign cash.
The money still arriving wants something that already earns.
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KKR walks out of Philippine power; Tesla walks into Vietnam.
Foreign money in Southeast Asia wants to pick its ticket size, and leaves when it cannot.
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Southeast Asia buys out the partners it no longer needs.
The party closest to the customer is buying the layer above it.
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Vietnam takes the parcels and the cable; the Philippines loses a buyer.
Everything physical got signed this week; the software deal is the one still only rumoured.
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Payments licences and GPU debt: capital buys permission this week.
Four deals, one pattern: nobody bought a product this week — they bought permission.
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Capital bought hard assets today: a data centre, a mine, a car plant.
SEA capital is buying assets it must maintain, not stakes it can mark up.
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Nobody raised a round today; three balance sheets built infrastructure instead.
When venture money thins, the infrastructure still gets built — just by companies that never needed the round.
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Capital keeps buying licences and beds, not apps.
Capital is buying what takes a decade to permit; software is the cheap part.
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Manila prices its wallet; Singapore's data centres change owner.
The region's best assets are being priced by people who intend to own the toll booth, not the traffic.
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Capability changes hands in whole units: teams, plants and shelves.
The region traded four assets today and not one of them was equity in a startup.
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State money buys the fleet; a foreign broker sells the book.
Owning the asset is beating owning the brand.
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ComfortDelGro monetises both ends of its fleet; MAS funds the pipeline.
Operating competence is the region's quietest export — Singapore is selling the running of things, not just the building of them.
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Foreign venture retreats from SEA; Singapore's own capital fills in.
Southeast Asia is no longer an allocation. It is now a decision.
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Capital reaches SEA as stakes, capex and debt — not rounds.
Four of today's five moves are not venture rounds. Capital still reaches Southeast Asia; it now arrives asking for revenue rather than for a story.
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Foreign money buys into SEA's existing financial rails, not new ones.
The challenger era priced novelty. This one prices position, and the cheapest way into SEA finance is now a stake in whoever already holds the licence.
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Capital goes physical: panels in Vietnam, waste in Bekasi, credit in Singapore.
None of today's money bought software. The region is buying plant, tariff and collateral — assets that keep paying long after the funding cycle turns.
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Ownership changes hands across SEA; the capital stack is solving for exits.
Every dollar today bought something that already existed — a dealership network, a fund position, a bubble-tea chain. SEA's capital stack has quietly become an exit market.
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The scarce inputs get allocated; SEA buys installed bases, not greenfield.
Megawatts, chip-design IP and installed customer bases all moved to holders who already had scale; SEA's greenfield window is narrowing.
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Foreign brands keep their names; regional operators take the ownership.
Ownership is rotating from the funds and majors that built these assets to operators who live beside them; SEA is becoming a buyer, not only a market.
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Vietnam absorbs the factories; Singapore lends against retirement.
The region's capital spent today buying floors, land and ownership — physical, unglamorous, and hard to relocate once it lands.
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Malaysia sells the ground; Singapore exports the rails.
The region keeps selling substrate — ground, power, rails — rather than apps, and substrate signs longer contracts than software ever does.
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Vietnam exports its industry; capital arrives as structure, not equity.
Not one venture round crossed the tape today; the region's capital moved through joint ventures, minority stakes and credit lines instead.
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Public markets, state funds and foreign payrolls, not venture rounds.
When the venture tape goes quiet, growth capital shows its other faces — a prospectus, a licence, a foreign payroll — slower money that stays longer.
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Today's money bought power, floorspace and feedstock, not startups.
The cheapest capital in the region is flowing to assets with a meter attached — megawatts, square feet, tonnes — and repricing anything measured only in users.
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A blocked exit, a funded lab, and two corridors widening.
Capital still clears in Southeast Asia. Permission has become the scarce input, and it is written by governments now, not boards.
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Singapore buys the physical layer; Vietnam books a launch slot.
Every deal on today's tape switches on in 2027 or 2029. The region has stopped buying software cycles and started buying construction schedules.
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Jakarta reshuffles $2.8B of fibre; Johor takes the physical build.
Paper moves in Jakarta, concrete in Johor: the region is separating who owns the asset from who is willing to pour it.
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Sovereign money buys protein and optics; a bank's venture arm folds.
State balance sheets are becoming the region's most patient venture capital, while the bank-sponsored funds that once played that part hand back the licence.
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Indonesia gets three compute commitments; Vietnam adds a billion wallets.
Compute is turning into geography. Whoever holds the megawatts and the settlement rail writes the terms for everyone who builds on top of them.
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Chips, megawatts and settlement rails take the day's capital.
Nobody funded an app today. The money went to chips, megawatts, settlement rails and back offices — the layers that get rented out for a decade.
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Singapore capital buys its yield abroad; platforms take the cheque.
When the best returns sit in Norway's grid and Germany's rooftops, Southeast Asia's own infrastructure gap becomes the arbitrage nobody is pricing.
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Indonesian logistics reprices; the region's compute gets three owners.
When insiders set the price and rivals split the build, capital is buying control of infrastructure rather than a shot at the next winner.
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Minority partners get bought out; the licence sets the price.
The joint-venture decade is closing across ASEAN. Whoever holds the licence, not the capital, now sets the price of control.
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Southeast Asia stops being the target and starts writing cheques.
Regional private equity fell 58% last quarter while exits more than tripled; the capital freed at the top is shopping abroad rather than waiting at home.
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Four deals buy access to rails someone else already built.
The premium has moved from the product to the permission: licences, national rails and trained delivery benches are the scarce assets, and none of them can be shipped overnight.
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Outside capital prices SEA's power, its patents and its risk.
Note who is lending and who is selling: Malaysia is financing assets it intends to keep, while Singapore is banking intellectual property it no longer needs to manufacture.
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Rigs, data centres, factories: SEA's hard assets find outside owners.
The pattern is a balance-sheet trade: SEA operators are swapping ownership of physical assets for other people's capital, and keeping the operating contract instead.
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Sovereign money moves: Jakarta consolidates managers, Temasek and Pertamina fund power.
This week's cheques came from state balance sheets, not venture funds: patient money that answers to governments is buying SEA's energy build.
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Singapore sheds an insurer; payments and farm credit find specialist owners.
Three deals, one pattern: generalists are handing infrastructure to operators who will actually run it, and pricing that focus at a premium.
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Singapore banks the day: a payments mega-round, cancer biotech, an AI-materials lab.
The through-line today isn't a sector — it's a domicile. SEA's deepest capital keeps clearing through Singapore, whether the asset is payments, medicine, or materials.
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Capital chases SEA's hard infrastructure: EV charging, fleets and AI compute.
SEA's inbound capital keeps skipping the app layer for the physical one — chargers, trucks and GPU campuses, all built in-region and hard to replicate.
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Capital lands on SEA's physical layer: Singapore's chips, Vietnam's classrooms.
SEA's inbound capital is skipping the app layer for the physical one — advanced packaging and classroom seats, both built in-region, both hard to replicate.
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Singapore takes all three tickets: institutional crypto, quantum-safe rails, a data-centre exit.
Singapore absorbed roughly 98% of SEA's recorded deal value in H1 — today's ticker is less a coincidence than a read on where the region's liquidity now sits.
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Singapore banks the climate and edge-AI trade; KL opens a credit line.
Three of today's four deals move money into infrastructure that already has customers, not into a category still waiting for one.
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Capital lands on both ends of SEA's AI stack: model and megawatt.
One cheque funds the thing that makes the video; the other funds the hall that renders it. Southeast Asia is being capitalised at both ends at once.
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Institutional money reaches SEA's everyday economy: coffee, clinics, cover.
Today's cheques skip the frontier and land in the everyday — cafés, dental chairs, insurance apps. SEA's next compounding story is unglamorous, and closer to the consumer.
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Singapore stacks the AI-era rails; Manila draws a peso credit line.
The through-line is infrastructure over apps — subsea capacity, packaged credit, local-currency rails. SEA is building the plumbing that compounds under everyone else's growth.
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Jakarta's retail crowd floats a celebrity IPO; SEA capital backs sales-AI.
Two signals from a quiet week: Indonesia's retail base can float its own brands, and SEA funds are underwriting the sales-AI their portfolios will run next.
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Foreign tech, local ground: Bali burns waste, Thailand builds AI boards.
This week's capital into SEA isn't chasing apps — it's pouring concrete and buying substrates, the unglamorous base layer that compounds for a decade.
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SEA's payments rails consolidate as fresh infrastructure capital lands.
SEA's money and goods are both moving onto shared rails this week — payments networks merging, logistics rolling up, fresh early-stage capital lining up behind the next builders.
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Cross-border capital wires Southeast Asia's magnets, logistics and payment rails.
The through-line is plumbing over hype — magnets, a logistics stake, payment rails and MSME credit are the unglamorous infrastructure the region's next decade runs on.
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Capital pours into Southeast Asia's cross-border rails and factory floors.
This week's money isn't chasing apps — it's laying the substrate, the warehouses and the payment pipes the next decade of SEA commerce will run on.
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SEA capital buys the plumbing — rollups, payroll stacks, trade rails.
This week's money isn't chasing frontier bets — it's buying the plumbing: rollups of boring cashflow, regional payroll stacks, trade rails. Boring compounds.
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Singapore anchors two big capital platforms; Jakarta builds live-commerce rails.
SEA's money is going structural — energy and private-equity platforms in Singapore, creator-commerce infrastructure in Jakarta — rails others compound on, not another app.
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Singapore pulls Southeast Asia's deep-tech capital and AI headquarters.
Two moves, one gravity well: the region's hardest technology — autonomous robotics and foundational AI — is choosing to headquarter and raise in Singapore.
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Foreign capital anchors Southeast Asia's data-centre and finance buildout.
The day's deals cluster on the physical layer — cooling, campuses, headquarters — the unglamorous infrastructure that decides whether the region's AI and finance ambitions actually run.
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Bangkok's robots and Singapore's keyboard raise; a subsea cable widens the India corridor.
Two seed rounds and a cable: SEA's evening signal is capacity — for robots, for context, for the bandwidth beneath both.
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Singapore's quiet engine: a merchant-OS turns profitable, a surgical robot heads west.
Two Singapore raises, no hype round in sight — both firms sell working product to paying customers, a reminder that boring profitability still clears the bar.
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Manila's record IPO and Jakarta's HKEX debut headline a capital-markets thaw.
After a thin first half, SEA capital is flowing back into listings and payment rails — the exits, not just the raises, are finally moving.
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Outside capital reaches in: Stockholm to Manila, Silicon Valley to Singapore, New York to Jakarta.
Three inbound bets — Stockholm, the Valley, New York — landing on Philippine SMEs, Singapore deep tech and Indonesian payment rails. The region is importing capital, not just talent.
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Singapore exports its infrastructure capital; Vietnam imports the factory floor.
Three outbound bets — climate finance, AI compute, robot assembly — show the region's infrastructure layer being built by capital that crosses borders, not capital that stays home.
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Strategic capital backs Singapore's deep-infrastructure layer — assets, buildings, bioprocess.
Three cross-border backers — a global market-maker, a Japanese railway, a US-Asia syndicate — all picked Singapore's hard-tech rails over another consumer app.
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Temasek stakes AI's chokepoints; Manila's coffee brand raises to expand.
Two flows in one day — SEA sovereign capital pushing outward into the AI supply chain, and homegrown consumer brands compounding inward across the region.
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Indonesia's IPO window cracks open: two healthcare names file on the IDX.
After the IDX's quietest first half in years, healthcare is leading the listings back — domestic demand, not frontier tech, is reopening Indonesia's public market.
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