MAS sets phased AI risk guidelines for Singapore financial institutions
The final supervisory guidelines give firms a 2027–2028 timetable for AI inventories, oversight and supplier assurance.
Southeast Asia Connect
News
Named and dated developments across Southeast Asia.
Vietnam’s output per hour grew 4.5% a year in 2019–2024
A new regional report places Vietnam above the Asia28 average of 3.7%, offering a historical benchmark for investment planning.
Indonesian respondents favour AI speed over disclosure in Ping survey
The Indonesian sample prioritised fast, accurate brand interactions; Singapore respondents were equally likely to prioritise performance or disclosure.
OCBC launches round-the-clock Singapore–Malaysia treasury transfers with Ant International
The initial service lets Ant International move Singapore-dollar and US-dollar deposits between its entities beyond ordinary banking hours.
Malaysian voucher group Bradbury completes merger and US$5 million financing
The Malaysian voucher and payments group secured US$5 million from a private share sale alongside its merger, with Nasdaq trading scheduled for 7 October.
BDO puts international and domestic payment processing on one platform
The Philippine bank is using Finastra software for Swift payment messages and incoming PESONet transfers, bringing two processing flows together.
Vingroup and Alstom agree Hanoi train supply and Vietnam assembly
The agreement covers up to 83 French-built five-car trains and a licence for assembling 117 more in Vietnam, with financial close still ahead.
V-Key announces majority investment in Singapore cybersecurity provider CloudsineAI
The investment would connect a Singapore AI and website-security provider with V-Key’s business protecting digital identities and mobile applications.
Top Glove full-year profit nearly triples as sales volumes rise
Shareholder-attributable profit reached RM308 million on RM4.23 billion revenue as glove sales volumes grew by close to 30%.
Singapore merchants get payments, instalments and rewards on one Pine Labs platform
The offering brings card and alternative payments together with bank-backed instalment offers and Fave customer-engagement tools.
Malaysian supplier VCI Global announces pay-per-use access to multiple AI models
The company says its VGAIN Compute service lets customers buy usage across GPT, Kimi, Llama and Qwen, extending V Gallant’s AI services business.
Singapore businesses gain fiat and stablecoin payouts through Independent Reserve
Accounts funded in SGD or USD can pay overseas suppliers and staff in more than 20 currencies, with API tools for tracking and reconciliation.