Michael Wong

Turkey Removes Crypto Tax Plan From Sweeping Bill Amid Political Opposition

Turkey’s parliament has dropped proposed cryptocurrency tax measures from a sweeping omnibus bill after opposition parties pushed back against the plan, Hurriyet Daily News reported. Lawmakers gathered under Deputy Speaker Celal Adan to debate the broad bill, which includes tax policy changes, defense spending measures… Read More

Asia Pacific Data Centre Pipeline Hits Record 19.4GW, Led By Southeast Asia

Asia Pacific’s data centre development pipeline hit a record 19.4 gigawatts in 2025, underscoring a shift toward large-scale execution as hyperscale cloud and artificial intelligence demand accelerates across the region, according to Cushman & Wakefield. The pipeline includes 3.7GW under construction and 15.7GW in planning,… Read More

Singapore’s Tazapay Secures $36m Series B to Expand Cross-Border Payment Rails

Singapore-based payments infrastructure provider Tazapay has closed a Series B extension led by Circle Ventures, bringing its total Series B funding to $36 million. The funding comes as the startup looks to expand its regulatory licenses and scale cross-border payment services across emerging markets. New… Read More

Thailand Sets New E-commerce Rules to Curb Unfair Trade Practices

Thailand’s trade regulator has rolled out new guidelines for e-commerce platforms, sharpening scrutiny of pricing and business conduct as Southeast Asia’s second-biggest economy tries to keep its fast-growing digital marketplace competitive. The Trade Competition Commission of Thailand, or TCCT, said the new framework took effect… Read More

Gobi Partners Eyes Vietnam National VC Fund as Hanoi Pushes Deep-Tech Growth

Malaysia- and Hong Kong-based venture capital firm Gobi Partners is seeking to invest in Vietnam, including through the country’s newly established national venture capital fund, as Hanoi steps up efforts to channel more capital into strategic technology sectors. A Gobi delegation led by co-founder and… Read More

Singapore’s MAS Rolls Out AI Risk Toolkit for Banks, Insurers, and Capital Markets Firms

Singapore’s central bank has released an industry-developed toolkit to help financial institutions manage risks from artificial intelligence, as regulators and banks move from broad AI principles to more practical controls for generative and agentic AI. The Monetary Authority of Singapore (MAS) said it had concluded… Read More

Hong Kong Q4 Credit Card Spending Rises As Overseas Purchases Jump

Credit card circulation and spending in Hong Kong rose sharply in the fourth quarter of 2025, with overseas retail spending posting the fastest growth, as consumers stepped up card use toward year-end, official data showed. The Hong Kong Monetary Authority said that the total number… Read More

SE Asia Superapp Grab 2025 Revenue Hits Record $3.37bn as Malaysia Stays Top Market

Grab Holdings’ revenue rose 20% in 2025 to a record $3.37 billion, as Southeast Asia’s biggest super app added users, lifted engagement across its platform, and kept incentives under tighter control, according to its annual report filed with the U.S. Securities and Exchange Commission and… Read More

Crypto Firm Rhino.fi Targets Stablecoin Spreads with 1:1 Conversion Product

Rhino.fi, a crypto infrastructure provider, has launched a new feature aimed at standardising how businesses handle USD-pegged stablecoins, as fintech firms seek more predictable settlement across fragmented blockchain networks. The company said its “Stablecoin 1:1” product allows neobanks and fintech platforms to accept and settle… Read More

Kenya Seeks Public Comment on Draft Rules for Crypto Firms

Kenya has opened a public consultation on draft rules to regulate virtual asset businesses, marking the clearest step yet toward bringing cryptocurrencies and other digital assets under formal state oversight after years of operating in a legal grey area. The National Treasury said the proposed… Read More

Thistle Initiatives Acquires TORI Global to Expand Financial Services Advisory Platform

Thistle Initiatives has acquired management consultancy TORI Global as the London-based compliance adviser pushes further into digital transformation and broader management consulting for financial services clients. The deal combines two independent consultancies serving banks, wealth managers, insurers, payments firms, fintechs and other financial institutions, creating… Read More

Bursa Malaysia Seeks Feedback on Rules to Allow Digital Currency ETFs

Bursa Malaysia launched a public consultation on proposed rule changes to allow the listing and trading of digital currency exchange-traded funds, marking another step in Malaysia’s push to widen regulated access to digital assets through mainstream capital market products. The exchange said the proposed amendments… Read More

Singapore VC Empyrean Sky Raises $90m to Back AI-Robotics Startups

Singapore-based venture capital firm Empyrean Sky Partners said it has secured $90 million in the first close of its Global Technology Fund, marking what the firm described as the fastest initial close of 2026 as it targets $200 million for investments in next-generation industrial technologies…. Read More

Saudi AI Startup Infobrim Secures Angel Funding at $3.5m Valuation

Saudi artificial intelligence startup Infobrim has secured its first strategic angel investment at a $3.5 million valuation, as the Riyadh-based company looks to expand its software platform for enterprise data analytics and ride growing demand for AI tools in the kingdom. Financial details of the… Read More

Philippines SEC Proposes Lifting Moratorium on New Online Lending Platforms

The Philippine Securities and Exchange Commission (SEC) has proposed lifting a moratorium on new online lending platforms, reopening the market to new digital lenders while imposing tougher capital, disclosure, and consumer-protection rules on financing and lending companies. The draft circular, published for comment on March… Read More

Singapore Fintech MetaComp Bags Alibaba Backing in $35m Fundraising

Singapore-based MetaComp has completed a Pre-A+ funding round backed by Alibaba, taking the fintech group’s total capital raised to $35 million across two rounds in three months, as it pushes to expand a platform that combines stablecoin payments with tokenised and traditional wealth products. MetaComp… Read More

Global AI Implementation Jumps 282% in 2025 as Firms Move Beyond Pilots: Study

Global enterprise adoption of artificial intelligence (AI) accelerated sharply in 2025, with full implementation rising 282% from a year earlier as companies moved beyond pilot programs and began deploying the technology more broadly across their operations, according to Salesforce’s second annual Chief Information Officer study…. Read More

Singapore Central Bank Rolls Out Climate Risk Transition Planning Guidelines for Financial Sector

Singapore’s central bank issued new supervisory guidelines requiring banks, insurers and asset managers to strengthen how they assess and manage risks tied to climate change, as regulators sharpen their focus on the financial sector’s readiness for both physical and transition threats. The Monetary Authority of… Read More

Pakistan Passes Virtual Assets Act, Creates Regulator for Digital Asset Sector

Pakistan has approved a new law regulating digital assets, creating a dedicated authority to oversee the sector as the country seeks to bring its fast-growing cryptocurrency market under a formal regulatory framework. Parliament has passed the Virtual Assets Act, 2026, establishing the Pakistan Virtual Assets… Read More

Hong Kong Regulators Widen GenA.I. Sandbox Across Financial Services

Hong Kong’s financial regulators have widened a regulatory sandbox for generative artificial intelligence, extending the programme beyond banking to cover securities, asset and wealth management, insurance, pensions and stored-value facilities as authorities push to position the city as a hub for responsible AI use in… Read More

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