Malaysia’s nearshoring edge: A gateway to Southeast Asia
From electronics to aerospace, Malaysia’s growth potential is unmatched, offering strategic benefits across multiple industries. Strategically positioned in the heart of Southeast Asia, Malaysia is a veritable gateway to the region. Its major shipping routes and international airports connect businesses to key Association of Southeast Asian Nations (ASEAN) countries like […]
Nexif Ratch Energy Secures Financial Close 145MWp Bacolod Solar Power Project in the Philippines
Nexif Ratch Energy, a leading independent power producer focused on renewable energy solutions, is thrilled to announce the financial close of its 145MWp Bacolod Solar Power Project, its second solar power project in the Philippines. The Bacolod Solar Power Project, developed by Negros PH Solar Inc, is located across Bacolod […]
Policy Address by Hong Kong SAR’s Chief Executive John Lee: New Initiatives to Propel Economic Growth
John Lee, Chief Executive of the Hong Kong Special Administrative Region unveiled a range of measures in his 2024 Policy Address (October 16) to inject greater vitality into the economy, focusing on both established and emerging industries. In terms of existing businesses, Mr Lee said the Government would explore new […]
DigiTech ASEAN Thailand and AI Connect 2024 – Gathering of Global Tech & Digital Community in Bangkok this November
The global tech and digital community is gathering again at its annual DigiTech ASEAN Thailand & AI Connect 2024, to take place at IMPACT Exhibition and Convention Centre, Bangkok, Thailand from 20th to 22nd November 2024. Hosted by two Thai Ministries, namely the Ministry of Digital Economy and Society and […]
Delta Electronics showcases integrated solutions at ITAP 2024
Delta, a global leader in power management and provider of IoT-based smart green solutions, is highlighting the importance of integrated solutions at the seventh edition of Industrial Transformation ASIA-PACIFIC (ITAP 2024). Showcasing its modular and integrated portfolio designed to optimise processes and space, address labor shortages, and enhance power dispatch […]
Mitsubishi Power Completes Landmark 5,300MW Combined Cycle Power Plant Project in Thailand
Final Eighth M701JAC Unit Begins Operation at Gulf Group and Mitsui & Co., Ltd., Joint Venture Plant This marks Mitsubishi Power’s largest-ever completed order by capacity, contributing to Thailand’s energy security and decarbonisation – The project’s previous seven M701JAC gas turbine units installed across two GTCC plants in Rayong and […]
Lindemann launches modular mid-size shredder
Lindemann Metal Recycling has announced the launch of a mid-size shredder, the TXS 69×90, aimed at customers in Asia, the Middle East and South America looking for efficient solutions with a strong performance-to-cost ratio. Thanks to its modular “plug and play” design, the TXS 69×90 can be installed and […]
Water-Energy Efficiencies: The Catalyst to Semiconductor Sustainability
–Eric Lai, Senior Regional Sales Director for Industry APAC Fuelled by the explosive growth of emerging markets like AI and electric vehicles, the semiconductor industry – which manufactures the essential materials that power these technologies – is poised to grow into a massive trillion-dollar industry by 2030[1]. At the very […]
Accuron Technologies & Hyundai CRADLE Co-Invest in Xnergy
Singapore-based Precision Engineering Group Incubates Contactless Charging Start-Up Accuron Technologies (Accuron), in partnership with Hyundai CRADLE—Hyundai Motor’s corporate venturing and open innovation business, is pleased to announce a strategic investment in Xnergy Autonomous Power Technologies (Xnergy), a Singapore-headquartered start-up developing contactless charging solutions for autonomous electrified mobility. This investment also […]
South Korean consortiums leading the realisation of industrial metaverse
Consortium achievements illustrate the capability of industrial metaverse in 3 industry whitepapers Technology is evolving to support modernisation and enable innovation in industry. South Korea’s National IT Industry Promotion Agency (NIPA) is supporting local technology development, eventually promoting the efforts and success to an international audience. Though often conflated with […]
Token 2049’s Spotlight: Asia Leads the Race for the First DeSci Unicorn
At the event “How to Pinpoint the First DeSci Unicorn?” held on September 17, 2024, in Singapore during Token 2049, renowned tech leaders and investors gathered to discuss the future of decentralized science (DeSci). Led by Dr. Tuan Cao, founder of LIFE AI; Matthew Immerso, Head of New Investments at […]
Is life getting better for China’s tech billionaires?
Wenting He, PhD candidate of International Relations, Australian National University. According to the latest Bloomberg Billionaires Index, Pony Ma, co-founder of Tencent Holdings, is once again China’s richest person, now with a net worth of more than A$65 billion, placing him 27th globally. Close behind him in the rankings are bottled […]
AI and Sustainability in Advanced Manufacturing to take Centre Stage at Industrial Transformation ASIA-PACIFIC (ITAP) 2024
Industrial Transformation ASIA-PACIFIC (ITAP), will be held at Singapore EXPO from 14 -16 October 2024. Focusing on shaping the future with sustainable manufacturing, ITAP 2024 will spotlight the latest AI integration capabilities that enable diverse manufacturing sectors at various stages of technology adoption to foster business growth while contributing towards global climate goals. National AI developments to spur AI integration in manufacturing The Asia Pacific region is leading the smart manufacturing sector, which is expecting to grow at 15.7% CAGR through 2030. This is underscored by the accelerating rollout pace of AI policies that will lead to its greater adoption by manufacturers. Various industries are currently seeing more AI integration. For instance, Rolls-Royce, at their Seletar campus, uses AI for predictive analytics and maintenance of aircraft engines, enhancing reliability and performance while minimizing downtime. At ST Engineering, AI is used in predictive maintenance, enhancing production efficiency, and improving product quality across its various sectors, including aerospace and electronics. At a national level, Singapore revised national AI strategy (NAIS) with one of the aims to triple the nation’s AI workforce to 15,000 by 2029 and plans to invest more than $1 billion (US$743.7 million) over the next five years in AI computing, talent and industry development. Indonesia projects that AI will make a significant contribution of US$366 billion to its economy in the next decade. Indonesia aims to accelerate the growth of Southeast Asia’s largest AI ecosystem with the 2045 Artificial Intelligence National Strategy (Stratnas AI). In Vietnam, the government has approved a national strategy on AI that will enable Vietnam to become a hub for AI innovation and solutions in the Southeast Asian region and globally by 2030. Malaysia is propelling ahead with its Malaysia AI Roadmap 2021-2025, having recently launched the Malaysia Artificial Intelligence Consortium (MAIC) and the AI […]