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Luxshare Precision Industry, headquartered in China, announced on Tuesday that its Hong Kong listing has been priced at the upper limit of its target range, resulting in the raising of approximately HK$24.27 billion (US$3.09 billion). The Apple supplier,…
Vietnam’s textile and garment industry saw a slight increase in exports for the first half of the year, reaching an estimated $22.2 billion, marking a 1.7% rise compared to the same period in the previous year. This information was released by the Vietnam…
The family of the late Chairman of the Samsung Group, Lee Kun-hee, is nearing the completion of a sizeable inheritance tax payment. The amount, approximately 12 trillion won ($7.95 billion USD), is expected to be settled later this month. Final Installment…
TikTok, the renowned Chinese social media platform, has pledged an investment of $125 million in Ho Chi Minh City. The funds are intended to boost logistics services, digital commerce, and digital payment systems in the bustling Vietnamese metropolis. Pledged…
Former UBS technology executive, Werner Schlossmacher, has taken on the role of Chief Operating Officer (COO) for Barclays Private Bank Asia. Barclays has confirmed his appointment in a recent statement. Schlossmacher will be stationed in Singapore, from…
McDonald’s Malaysia has announced its ambitious plans to invest RM1 billion (US$255 million) in the expansion and modernization of its operations over the coming years. This investment will encompass the opening of new stores, refurbishment of established…
L’Oréal, the French cosmetics powerhouse, announced on Wednesday plans to establish a beauty technology hub in Hyderabad, a major city in southern India, supported by an initial investment surpassing 35 billion rupees (approximately US$383.4 million). The…
Viettel Group, a Vietnamese multinational telecommunications corporation, has recently launched the initialization phase of building the country’s first semiconductor chip fabrication plant. This ambitious venture, endorsed by the Ministry of National…
The government of Japan is preparing to significantly increase its investment in the semiconductors and artificial intelligence sectors. In the forthcoming fiscal year, the governmental budgetary support for these sectors is predicted to be almost four times…
Netcracker Technology recently completed a significant cloud-native revenue management upgrade for Advanced Info Service (AIS), establishing one of the most substantial cloud deployments in Thailand and the wider Asia-Pacific region. This update signifies a…
Microsoft has pledged to invest a staggering USD 17.5 billion in India’s cloud and artificial intelligence (AI) infrastructure, which is its most significant financial commitment in Asia thus far. The investment, scheduled across four years from 2026 to 2029,…
UBS, the leading global financial institution, is implementing a strategic restructuring of its executive team, aimed at enhancing oversight of its technology operations. This change comes as a critical phase of operational and technology development begins,…
Taiwan has initiated a significant endeavour to advance next-generation communication technology through the establishment of the Taiwan NextGen Communications Alliance (TNGCA). This alliance comprises over 50 companies and is backed by a six-year national…
UBS Group has announced changes in its executive oversight, particularly in regard to technological advancements and operations. This comes as the company enters a significant phase in executing its operational and technological strategies. To spearhead this…
Rosatom, Russia’s state-owned nuclear company, has proposed offering its cutting-edge technology to assist in the construction of Vietnam’s Ninh Thuan 1 nuclear power plant. In a recent phone call, Rosatom’s CEO, Alexey Likhachev, assured Vietnamese Prime…
In 2026, Singapore is slated to encounter a crucial year in which its economic resilience will be put to the test by changing geopolitical scenarios, trade fragmentation, and a moderating technology cycle, according to a recent report by DBS, the nation’s…
