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Singapore EMA Plans Five New Power Plants By 2031

Singapore’s Energy Market Authority will add five power plants by 2031, raising generation capacity 26% from about 12 GW.

Thailand’s Oil Fuel Fund Revises Diesel And Gasohol Subsidies

Thailand’s Oil Fuel Fund raised B7 diesel, petrol and gasohol 91 and 95 prices by 0.60 baht per litre on October 21.

EVN Begins Construction Of Quang Trach II LNG Power Plant

Vietnam Electricity has started construction of the 1,612.8 MW Quang Trach II LNG power plant in Quang Tri Province.

Krungsri JCB Ultimate Card Targets Thai Consumers With Japan-Focused Rewards

Krungsriayudhya Card and JCB International will launch the Krungsri JCB Ultimate Credit Card in Thailand on November 1, adding a premium tier above the existing Krungsri JCB Platinum.

DOE Secretary Garin Meets US Energy Chief Chris Wright

Philippine Energy Secretary Sharon Garin met US Energy Secretary Chris Wright in Washington on October 15 to discuss energy cooperation.

PLN Nusa Daya Starts 20 MW Sidera Diesel Plant In Sigi

PLN Nusa Daya began operating the first 20 MW stage of the Sidera diesel power plant in Sigi, Central Sulawesi.

IOI Properties Confirms Exclusive Talks, Board Yet To Deliberate On Singapore Assets

IOI Properties Group Berhad is in exclusive talks to acquire Chijmes and the Capitol Kempinski hotel in Singapore. Its board says it has yet to deliberate on the deal.

Maybank Indonesia Weighs Ringgit For Next Phase Of Fast Remittance

Maybank Indonesia has launched Fast Remittance on its M2U ID app with Nium, supporting transfers in five currencies at launch.

CapBay Group Crosses RM6 Billion In SME Financing Over Ten Years

CapBay Group has passed RM6 billion in cumulative financing since 2016, reaching more than 2,700 Malaysian SMEs across 20 industries.

Vietnam And Australia Sign Aus4Growth Energy Project Agreement

Vietnam and Australia signed a supplementary agreement launching the Aus4Growth energy project, backed by up to AUD 18.3 million in grants.

Indonesia Energy Ministry Targets Electricity For All Villages by 2030

Indonesia’s Energy Ministry says about 11,000 villages still lack electricity, with full village electrification targeted for 2029 to 2030.

Alipay+ And Tourism Malaysia Aim To Move Tourist Spending Beyond Major Hubs

Tourism Malaysia and Alipay+ have signed an MoU to expand cross-border payments and AI travel services under Visit Malaysia 2026–2027.

Google DeepMind And GovTech Bring Scam Detection Onto The Smartphone

Google DeepMind and GovTech have developed an AI model that detects scam conversations directly on smartphones. Messages stay on the device and are never sent to the cloud.

Clean Max Signs Deal To Acquire Thailand’s Massmunch

Clean Max Enviro Energy Solutions has signed an agreement to acquire 100% of Thai renewable energy firm Massmunch Company Limited.

Police Join PLN Batam Inquiry Into Riau Islands Outage

PLN Batam is investigating the October 12 outage that cut power across Batam, Bintan and Tanjungpinang in Indonesia’s Riau Islands.

Ledger Says All Confirmed Drain Cases Trace To CryptoBilis Devices

Ledger has confirmed an unauthorised hardware implant in one device sold by Malaysian reseller CryptoBilis, as it investigates crypto losses among Southeast Asian customers.

Bank Of Thailand Sets 100 Billion Baht Annual Target To Revive SME Lending

SMEs employ 13.6 million people in Thailand, nearly 70% of the workforce. The central bank’s credit overhaul rolls out from December 2026 through 2027.

Malaysia Budget 2027 Names TNB RM15 Billion Grid Investment

Malaysia’s Budget 2027 includes a RM15 billion Tenaga Nasional Berhad investment to strengthen the national electricity grid.

PLN Batam Points To Wild Animal At Sungai Harapan Substation

PT PLN Batam restored power to about 98.8 percent of customers by Tuesday morning after Monday’s widespread outage.

Standard Chartered Targets Year-End Launch For Singapore Crypto Custody

Standard Chartered Bank (Singapore) Limited plans to offer custody for selected cryptoassets, stablecoins and tokenised real-world assets to institutional and accredited investor corporate clients.

Zetrix AI Books RM314 Million JPJ Arrears As A Balance Sheet Payable

Zetrix AI has confirmed it owes JPJ RM314 million in collections it did not remit between May and September 2026. The amount is now recorded as a payable on its balance sheet.

Singapore History Gallery Reopens At National Museum Of Singapore On October 10

A renewed Singapore History Gallery explores the formation of national identity through historical artefacts, narratives, and immersive installations.

Siam Piwat Strengthens Luxury Retail Presence With Bangkok Watch Week 2026

Bangkok Watch Week 2026 becomes another major showcase for Siam Piwat as it connects luxury brands with consumers and communities.

Wise Links PayNow, DuitNow And QR Ph In A Single Travel Payment App

Wise has expanded in-app QR payments to more than 50 destinations, with Singapore and Malaysia customers among the first globally to get access.

Airwallex Expands Malaysia Team After RM2 Billion In 2025 Remittance Volume

Airwallex plans to double its Malaysia headcount in 2026 after processing more than RM2 billion in remittance volume in the country in 2025.

Webull Malaysia Brings Global Equities To TNG Digital’s GOfinance Hub

TNG Digital and Webull Malaysia have launched global share trading inside GOfinance, giving eligible TNG eWallet users access to US, Hong Kong and China A-share markets.

Thailand’s Cabinet Approves 200 Billion Baht For Energy Transition

Thailand's Cabinet approved 1.26 trillion baht in new borrowing for fiscal 2027, including 200 billion baht for energy transition projects.

Indonesia Energy Ministry Names Two Coal-To-Fuel Hub Regions

Indonesia's energy ministry is preparing East Kalimantan and South Sumatra as hubs for converting low-calorie coal into fuel blends.

Skyro Expands Beyond The Philippines With KPKT Moneylending Approval

Skyro has received a moneylender's licence from Malaysia's KPKT, clearing the way for online lending in its second Southeast Asian market after the Philippines.

MAS Grants Alpaca Securities In-Principle Approval As Regional Expansion Advances

Alpaca Securities Pte. Ltd. has received in-principle approval from MAS for a Capital Markets Services licence. Once fully licensed, the Singapore entity plans to offer brokerage and custodial services to financial institutions in Southeast Asia.

SP Group Lowers Singapore Power Tariffs As Gas Costs Ease

SP Group cuts Singapore's household electricity tariff by 10.4% for October to December 2026, reflecting lower natural gas prices.

Thailand Oil Fuel Fund Deficit Nears 100 Billion Baht

Thailand's Oil Fuel Fund deficit stands near 92 billion baht and is widening by about 700 million baht daily.

Indonesia Moves To Revise PLN Electricity Plan For Solar

Indonesia is revising PLN's RUPTL 2025-2034 to give its 100 GWp solar program a regulatory basis.

PIDM Introduces Resolvability Assessment Framework For Malaysian Member Banks

PIDM has introduced a Resolvability Assessment Framework that sets clearer expectations for how Malaysian banks prepare for resolution.

Luno, Halogen Capital And Kenanga Investors Test Ringgit Stablecoin For Fund Settlement

Luno Malaysia, Halogen Capital and Kenanga Investors are exploring UMYR, a ringgit-pegged stablecoin for settling tokenised money market fund transactions.

Singapore Cruise Centre Completes Move To New Harbourfront Terminal After 24-Month Programme

Singapore Cruise Centre has formally opened its HarbourFront terminal, linking ferry and cruise operations on one digital platform.

Kopi Kenangan Founder Deepens Ownership As Existing Backers Add To Stakes

Kopi Kenangan CEO Edward Tirtanata is increasing his stake in the coffee chain, partly by buying shares from early team members. Existing backers Alpha JWC, Tybourne and Horizons are also adding to their positions.

Indonesia Moves To Produce Gasoline From Low-Calorie Coal

Indonesia's Energy Ministry says it will act on President Prabowo's directive to produce gasoline from low-calorie coal to cut fuel imports.

Indonesia Holds ASEAN Power Grid Deal Over Pricing Terms

Indonesia has not signed an ASEAN Power Grid interconnection deal with Malaysia, citing pricing terms it considers not yet mutually beneficial.

Boost Signs Memorandum Of Understanding With Tencent Cloud On Infrastructure And AI

Boost has signed a memorandum of understanding with Tencent Cloud covering cloud infrastructure, AI and super app technology across Malaysia and Indonesia. Financial terms were not disclosed.

Syfe Surpasses SGD20 Billion In Assets Under Management

Syfe has crossed SGD20 billion in assets under management, with more than 400,000 users across Asia Pacific.

Frasers Hospitality Enters The Luxury Serviced Living Segment With Fraser Suites Reserve

Frasers Hospitality launches Fraser Suites Reserve, extending its long-stay expertise into the luxury serviced living segment.

PTTEP Commits To Bussabong Gas Development With First Gas Targeted For 2028

PTTEP and Valeura Energy have taken a final investment decision on the Bussabong gas field in the Gulf of Thailand, with first gas targeted for around the end of 2028.

EVNNPC Output Climbs As Northern Vietnam Demand Accelerates

EVNNPC posted 7.5% growth in commercial electricity sales for August 2026, reaching 11.053 billion kWh across northern Vietnam.

Tenaga Nasional Absorbs Cost Of Wider Bill Exemption

Malaysia has widened its electricity bill exemption to 800 kWh a month, and Tenaga Nasional says it will absorb the entire cost itself.

DANA Secures 01Fintech Backing To Widen Financial Services Reach

DANA has added 01Fintech as a new investor, backing plans to expand its financial services in Indonesia.

Agrobank Recovers Fraction Of RM203.8 Million Fraud Loss

Agrobank has recovered RM1.505 million tied to its RM203.8 million fraud case, with the funds traced to 60 accounts after Sessions Court approval.

Yogyakarta Repositions Wellness Festival As Long-Term Tourism Infrastructure

Yogyakarta is turning a cultural festival into long-term wellness tourism infrastructure for the region.

Anwar Ibrahim Expands Electricity Relief As Malaysia Weathers Cost Pressures

Malaysia just raised its electricity bill protection threshold to 800 kWh through December, easing pressure from haze and hot weather.

Thailand Pauses 166 Projects To Rewrite Data Center Rules

Thailand is drafting rules to classify data centers over 100 MW as hyperscale facilities, with new siting and power limits expected by mid-October.