Southeast Asia

The ChatGPT maker will commit more than $234m to support the city-state’s national AI strategy, alongside collaborations with Google and Nvidia; in addition, AMD is investing $10bn in Taiwan’s AI infrastructure and AI has boosted Lenovo's revenues.

The banking group has large back-office centres in India, China, Malaysia and Poland; over 7,800 such roles could be impacted. The bank has also increased its profit targets for 2030 and confirmed group CFO and COO appointments.

Eric Tan has moved to the global law firm from Ashurst in Hong Kong; Hogan Lovells is rebranding in July following a merger.

The Asian Development Bank has unveiled a landmark $70bn investment drive to transform regional connectivity by 2035, by integrating cross-border power grids and build an 'Apac Digital Highway' to bridge the energy and technology divide for millions.

SMBC, ING and Standard Chartered have helped provide the $300m financing for the project in Luzon, which will support the country's energy transition.

Upon completion of the transaction in 2027, OCBC Indonesia’s AUM will increase by 25% and the bank's credit card balances will grow by more than 150%.

The country is facing a myriad of difficulties as the war in the Middle East remains unresolved, with the IMF watching closely.

Bayfront VIII has a portfolio of 44 project finance and infrastructure loans and bonds across 40 obligors based in Asia Pacific, Europe and the Americas.

British Climate Partners will work with investors to deploy capital through equity platforms and mezzanine finance to scale clean energy projects in developing Asia; the annual investment required to diversify away from coal is huge.