Telecommunication
Huawei steps up ASEAN foray with Singapore lab revamp
Chinese tech giant invests $20m to upgrade research facility for enterprise clients
Singapore
Trade
U.K. accepted as 12th member of CPTPP trade bloc
Group aims to finalize first nonfounding member's accession in July
Business deals
Singapore's GIC to buy Japan's top HR software developer for $2.6bn
State-owned fund to take about half of Works Human Intelligence shares from Bain
Telecommunication
From Thailand to Indonesia, ASEAN leads cloud market growth
NTT expands data center capacity; AWS commits $6 billion in Malaysia
Companies
ASEAN outsourcing players keep talent with AI and remote work
Labor-intensive industry invents proprietary online tools, moves into microsites
DealStreetAsia
Singapore's CDL to buy Brisbane's biggest hotel for $119m
Canada's Brookfield selling Sofitel property in Australian city
Travel & Leisure
Singapore closes gap with Hong Kong on pricey business trips
City-state overtakes Tokyo, now Asia's 2nd costliest with $515 average daily cost
Business trends
Hong Kong lures wealthy elites and family offices with tax cuts
Revamped migration scheme also planned as city hosts 'Wealth for Good' summit
Finance
'Very emotional' Asian AT1 investors look to claw back Swiss losses
Efforts to mount legal challenge come as regulators try to reassure markets
Consumer
Singapore's Castlery targets gap between Ikea and luxury furniture
U.S. expansion pushes sales sixfold higher than pre-pandemic levels
Announcements
SGX launches futures on Nikkei Climate 1.5°C Target Index
Offering gives investors ways to help global decarbonization efforts
DealStreetAsia
Asian home interior startup Livspace lays off nearly 2% of staff
Singapore- and India-based company trims workforce of 5,000
Transportation
Flush with cash, ONE swaps charters for own container ships
World's seventh-largest shipper ramps up investment for future growth
Finance
Singapore's GIC and Temasek join Stripe's $6.5bn fundraising
Payments giant looks to ASEAN for growth as valuation almost halves
DealStreetAsia
Singapore property tech company 99 Group raises fresh $11m
Real estate portal operator gets money in Series C round extension
International relations
Singapore to push Myanmar peace plan with Indonesia, U.N., ASEAN
Lee Hsien Loong and Joko Widodo also agree to cooperate in renewable energy
Aerospace & Defense Industries
China's flying car developer eyes ASEAN aerial tour market
EHang CFO says prior certification at home eases regulatory process abroad
Travel & Leisure
Indonesia's Traveloka eyes sustainability demand as tourists return
Online booking unicorn seeks 'quality' partnerships for wider ASEAN market share
Travel & Leisure
Hilton hopes to reach pre-pandemic occupancy in China by year-end
U.S. hotel chain bets on luxury and entry-level brands for growth in Asia
Insurance
Emerging Hong Kong insurer to take on Singapore, other Asia areas
Online-exclusive Bowtie takes advantage of connection with Japan's Mitsui & Co.
