Civo and Arupa launch Jakarta cloud region for Indonesian businesses
The locally operated region now offers managed Kubernetes, virtual machines and databases; GPU services are planned for December.
Southeast Asia Connect
News
Named and dated developments across Southeast Asia.
Ho Chi Minh City High-Tech Park puts shared chip packaging and test lab into operation
The High-Tech Park facility has 13 industrial equipment modules in an ISO 8 cleanroom for applied semiconductor skills work.
Singapore opens applications for company-led industrial decarbonisation research
Up to S$100m of a S$143m initiative is set aside for DRIVE, under which companies can work with researchers on industrial emissions challenges.
Seatrium signs contract to convert five floating power plants
Engineering has begun on the Whale Class vessels, giving Singapore yard suppliers a defined work programme; the first Tuas arrival is targeted for December 2027.
Malaysian and Thai central banks join Singapore’s BLOOM digital-money forum
Their membership gives banks and payment networks a three-market policy forum for cross-border settlement design.
Danantara says it kept buying Indonesian shares after MSCI warning
The state fund reported more purchases after a sell-off, continuing share investments it said began in late 2025. It has not named the stocks or scale.
Carro sets up S$450m facility backed by Singapore car loans
Carro’s “warehouse” is a financing facility, not a building. Singapore car-loan receivables back bank loans and notes; Carro did not say how much was drawn.
Philippine economic-zone investment approvals reach ₱309.6bn, beating 2026 target
The Philippine Economic Zone Authority logged ₱309.629 billion in January–October investment approvals against a ₱300 billion full-year target; October’s 18 projects span Luzon and the Visayas.
Digital Core REIT vote backs US$315.9m North American sales and first Singapore stake
The proposed sponsor-linked deal would add to Osaka and establish a first Singapore stake; if it closes, Asia Pacific’s share of assets under management would double.
Frasers Centrepoint Trust’s Singapore mall portfolio reaches 99.7% committed occupancy
The trust’s FY26 rental reversion was 6.6%, an average-to-average rent gain across its measured leasing activity; traffic and tenant sales also rose.
Timor-Leste sets ASEAN economic roadmap, proposes investor incentives
The cabinet approved 19 sector plans and assigned implementation work; a separate proposal for longer investment benefits is not yet law.
OCBC leads US$245m financing for Indonesian nickel-cobalt plant
The project operator can draw on the loan after conditions are met. Suppliers and battery-material buyers can track financing before relying on planned output.