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Elon Musk addressed a controversial gesture during Trump's inauguration, clarifying it was made in a positive spirit, with the Anti-Defamation League urging understanding. Meanwhile, India Energy Week 2025 in New Delhi showcased over 700 exhibitors and 500 speakers, highlighting India's ambitions in green hydrogen, with Gentari targeting five million tonnes of production by 2030. The company is also expanding its renewable energy portfolio and exploring integrated shipping solutions for clean ammonia, emphasizing the importance of infrastructure and value chain optimization in the hydrogen sector.
Lazada is leveraging Alibaba’s Qwen, while Shopee partners with OpenAI to explore AI agents in Southeast Asia. Analysts suggest Alibaba could significantly impact the region by reinvesting in Lazada, similar to its US$1.8 billion investment in 2023, potentially introducing Cainiao’s autonomous robots to local warehouses. Meanwhile, Amazon plans to invest US$25 billion this year in AI robotics, aiming to enhance its ecommerce operations and save up to US$10 billion annually through smarter warehouses.
Grab Malaysia has signed a Memorandum of Understanding with the Sarawak Digital Economy Corporation Berhad to enhance digital transformation in Sarawak. This partnership aims to boost tourism and support local small businesses by improving digital accessibility and promoting Sarawak as a key tourism destination in Southeast Asia. Additionally, the agreement focuses on increasing the use of electric vehicles for sustainable transportation within the state.
India's QSR sector is poised for growth following rate cuts in the Union Budget 2025, with Goldman Sachs predicting a sales boost starting 1QFY26. Meanwhile, Gentari's CEO, Sushil Purohit, highlights India's potential in green hydrogen, aiming for five million metric tonnes annually by 2030, supported by strategic partnerships and renewable energy investments. The recent India Energy Week showcased opportunities for collaboration in clean energy, emphasizing the need for robust infrastructure and efficient value chains to scale hydrogen production.
UK semiconductor firm Arm Holdings Plc is set to establish a base in Malaysia, following discussions between its CEO and SoftBank's Masayoshi Son. Prime Minister Anwar Ibrahim highlighted Malaysia's political stability as a key factor in attracting this investment, while also noting the need for a skilled workforce to meet industry demands.
Wiwynn Corp, a Taiwan-based cloud supplier, is set to invest $300 million in its first manufacturing facility in the U.S. to adapt its supply chain amid global economic challenges. The company, which serves major clients like Meta Platforms and Microsoft, reported record net profits of NT$7.05 billion in Q4 2024, doubling from the previous year, with annual profits rising 89% to NT$22.78 billion. Wiwynn is also expanding domestically with an NT$8 billion investment in a new facility at Southern Science Park, reflecting a 29% increase over initial estimates.
Barclays has lowered its price target for First Solar to $236 from $273 while maintaining an Overweight rating. The company anticipates 2025 revenue of $5.3 to $5.8 billion, driven by full production in India, despite underperformance in Malaysia and Vietnam. Analysts express cautious optimism about First Solar's growth, supported by strong U.S. operations and competitive advantages.
Emerging market sovereigns face vulnerabilities amid rising global financial volatility, particularly with the U.S. dollar rallying. Countries like Argentina, Turkey, and South Africa have seen significant currency depreciations, while exposure to currency risk varies widely, with South American nations notably affected. Additionally, potential capital outflows and increased interest burdens could exacerbate financial pressures for several emerging economies.
Kolkata-based QSR chain Wow! Momo reported a net loss of INR 114.4 Cr for FY24, slightly up from INR 113.8 Cr in FY23, while operating revenue increased by 13.83% to INR 470 Cr. The company achieved EBITDA profitability with INR 38.2 Cr, marking a significant turnaround from an EBITDA loss of INR 1.7 Cr the previous year. Wow! Momo aims for INR 650 Cr in revenue for the current fiscal year and plans to pursue an IPO in 2027, contingent on reaching INR 1,000 Cr in revenue.
InDrive has introduced Shariah-compliant loans specifically designed for drivers in Indonesia. This initiative aims to provide financial support while adhering to Islamic finance principles, catering to the needs of the local driver community.
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gentari expands green hydrogen initiatives amid india's energy transition goals
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13:45 03.03.2025
malaysia faces water and energy challenges amid ai data center growth
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08:00 03.03.2025
Grab Malaysia partners with Sarawak to boost digital economy and tourism
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gentari expands clean energy initiatives in india targeting green hydrogen production
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Arm Holdings to establish operations in Malaysia amid investment growth
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Wiwynn Corp invests 300 million dollars in US manufacturing facility expansion
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barclays lowers first solar price target while maintaining overweight rating
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14:34 27.02.2025
wow momo reports flat loss while achieving ebitda profitability in fy24
13:28 27.02.2025
indrive introduces shariah compliant loans for id drivers
12:43 27.02.2025
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