Malaysia’s AI darling NationGate sees shares tumble after it got raided in a scrap metal smuggling probe

Shares of NationGate Holdings, Nvidia’s only manufacturing partner in Southeast Asia, took a beating this week after the company disclosed a raid into one of its subsidiaries by Malaysian authorities.…

Asia shrugs off Trump’s new tariff threat, as governments hope they can get a deal before Aug. 1

Asian markets largely shrugged off the Trump administration’s latest announcement of tariff rates on some of its trading partners, as the U.S. president also seemingly pushed the start date for…

SATS is Southeast Asia 500’s biggest climber thanks to air travel resurgence, WFS acquisition

Airlines the world over are reporting a surge in business as tourists go traveling again. Carriers earned a total net profit of $32.4 billion last year, up 18% from the…

China can shrug off U.S. tech controls, thanks to open-source design and chip packaging techniques, says Huawei’s founder

Huawei, the Chinese tech giant, has borne the brunt of U.S. restrictions since 2019, when Washington barred it from acquiring advanced components. Export controls passed in 2022 further constrained Huawei’s…

Southeast Asia’s Muslim market comes of age—and authenticity is in

Southeast Asia is showing signs of a potential consumer boom. Incomes in the region have been on the rise, partly owing to increasing foreign investment as global corporations look to…

The U.S.’s chipmaking sector is ringing the alarm about Washington’s chip war with China

Recent earnings reports from manufacturers like Applied Materials and Lam Research show the U.S.’s broadside chip controls may be starting to bite.  Read More

DBS is setting aside $23.6 million to reward staff of Southeast Asia’s largest bank for a ‘record performance’

The bank, driven by its wealth management business and an increase in loans, reported a net profit of $8.4 billion for 2024, up 11% from the year before. Read More

Toyota unveils a plan to become ‘more loved’ in China by taking a page out of Tesla’s playbook: A wholly owned Shanghai EV plant

The Shanghai factory is expected to start production in 2027 and will develop a new BEV under Toyota’s premium Lexus brand. Read More

Singapore slots itself into the HBM supply chain—key to the AI boom—with a $7 billion Micron investment

It’s Singapore’s first facility dealing with HBM, part of the AI chips that’s powering companies like Nvidia and TSMC to new heights.  Read More

Trump is set to hike tariffs. Should Southeast Asia be worried?

Countries like Vietnam benefited from Trump’s trade war. That could put them at risk in the second round. Read More