Southeast Asia

The Taiwan-listed fibre optic and data cable manufacturer will buy the Singapore-headquartered ICT business using cash and Citi financing to strengthen its data centre infrastructure capabilities amid surging AI demand.

The China-focused corporate lawyer has joined to bolster A&G’s cross-border M&A and private equity capabilities across China and 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.