SingTel has secured a S$643 million ($476 million) green loan to fund the development of a new 58 MW data centre in Singapore.
The financing comes from a group of major lenders, including DBS Group, OCBC, Standard Chartered, HSBC, and United Overseas Bank. Green loans, designed to support environmentally sustainable projects, are becoming increasingly relevant as demand for AI and cloud computing rises.
The upcoming DC Tuas data centre is expected to be operational by 2026, providing a high-density environment tailored for AI workloads. SingTel’s group chief financial officer, Arthur Lang, emphasised that the loan aligns with the company’s net zero ambitions while supporting Singapore’s growing digital economy.
As Southeast Asia’s largest telecoms provider, SingTel has been actively investing in sustainable infrastructure. A previous green loan of S$535 million, secured in December 2023, was used to refinance debt and fund two other data centres in Singapore.
The latest financing reinforces the company’s commitment to balancing technological advancements with environmental responsibility.
Chinese Vice Premier Zhang Guoqing will visit France from Sunday until February 12 to attend the AI Action Summit as a special representative of President Xi Jinping. The summit will bring together representatives from nearly 100 countries to discuss the safe development of AI.
A foreign ministry spokesperson, Lin Jian, said China is eager to strengthen communication and collaboration with other nations at the event. China also aims to foster consensus on AI cooperation and contribute to the implementation of the United Nations Global Digital Compact.
Vice President JD Vance is leading the US delegation to the summit, but reports suggest that the US team will not include technical staff from the AI Safety Institute.
Sberbank, Russia’s largest bank, has announced plans to collaborate with Chinese researchers on AI projects. The move comes as China’s DeepSeek has disrupted the global tech industry with its low-cost AI models, challenging US rivals like Nvidia. Sberbank, which has transformed from a Soviet-era state savings bank into a major AI player under CEO German Gref, aims to leverage its network of scientists to join forces with China’s AI researchers.
Sberbank’s First Deputy CEO, Alexander Vedyakhin, confirmed the plans but refrained from naming specific Chinese partners. DeepSeek, a startup based in Hangzhou, has gained significant attention for its ability to produce advanced AI models at a fraction of the cost of American counterparts. This development could further fuel competition in the AI sector, especially amid growing tensions between the West and nations like Russia and China.
The strategic partnership between Russia and China is deepening, with both countries emphasising AI as a key area of cooperation. As Moscow faces Western sanctions due to the war in Ukraine, collaboration with China is seen as essential for advancing in AI and other technological fields. However, Russia’s AI projects remain somewhat secretive, making it difficult to assess their true capabilities. Despite this, Sberbank’s First Deputy CEO noted that DeepSeek’s models have outperformed Russia’s GigaChat in scientific tasks, though Sberbank’s model remains competitive in banking applications.
Vedyakhin also highlighted the efficiency of DeepSeek’s approach, noting that its success proves high-quality AI can be achieved without massive investments in infrastructure. This philosophy aligns with Sberbank’s strategy, which focuses on low-cost AI solutions rather than the large-scale projects seen in the US. The bank’s AI platforms, like its Kandinsky text-to-image model and GigaChat Lite, are publicly available, following the transparent approach that has made DeepSeek successful.
The Trump administration’s move to end tariff-free low-cost imports into the US is expected to impact fast fashion retailer Shein more severely than online dollar-store competitor Temu. Both companies have heavily benefited from the ‘de minimis’ rule, which exempts shipments under $800 from import duties, with a significant portion of US daily packages coming from these retailers. While the Biden administration has scrutinised the rule, Temu has been quicker to adapt, diversifying its shipping strategy to minimise reliance on this exemption.
Temu, owned by PDD Holdings, has made considerable shifts in its model, including a move to bulk shipping to US warehouses instead of directly to consumers. By late 2023, about 50% of its US sales came from local warehouses. The company has also increased sea freight for bulkier items like furniture. This strategy contrasts with Shein’s continued dependence on air freight for its fast-fashion inventory, despite opening US centres and expanding its supply chain to countries like Brazil and Turkey.
While the Trump administration’s decision is set to raise prices for American consumers ordering from Shein and Temu, analysts believe the impact will not be catastrophic for these Chinese e-commerce giants. Shein, despite its reliance on fast inventory turnover and speed, is seen as capable of adapting, though the new tariffs and regulations will accelerate the need for supply chain diversification.
Recent changes in US Postal Service policies have added further uncertainty, reversing decisions on accepting parcels from China and Hong Kong. Analysts estimate that de minimis shipments could drop by up to 60%. However, experts remain confident that both Shein and Temu will navigate the changes, given the flexibility and competitiveness of their supply chains.
Google has scrapped its diversity-based hiring goals and is reviewing its inclusion initiatives, aligning with other US businesses scaling back such efforts. Chief People Officer Fiona Cicconi confirmed the company would no longer set aspirational diversity targets, marking a shift from commitments made in 2020 to improve representation across leadership roles.
A goal set by CEO Sundar Pichai in 2020 aimed for 30% of leadership hires to come from underrepresented groups by 2025. Reports indicate Google had reached 60% of its five-year objectives by early 2024. However, recent regulatory filings show that the company removed previous statements about making diversity a core focus, reflecting its broader reassessment of DEI programmes.
Alphabet Workers Union criticised the move, calling it part of a larger trend against workplace diversity in the tech sector. As a federal contractor, Google also cited the need to comply with changing regulations and executive orders affecting DEI initiatives. Internal employee groups such as “Black Googler Network” and ‘Trans at Google’ will remain in place, continuing to inform company policies.
Other major technology firms, including Meta and Amazon, have also reduced their DEI commitments. Conservative groups have challenged corporate diversity policies following a 2023 US Supreme Court ruling against affirmative action in university admissions, increasing pressure on businesses to revise their approaches.
Thailand plans to draft a strategic plan for its semiconductor sector within 90 days, aiming to attract new investments amid the growing trade tensions between the US and China. The country’s national semiconductor board will engage a consultancy to create an industry roadmap, with Narit Therdsteerasukdi, secretary-general of the Thailand Board of Investment (BOI), leading efforts to promote the sector. As part of these efforts, Narit is also organising roadshows in the US and Japan to draw in semiconductor investments.
The semiconductor industry has faced significant disruption due to the US-China trade war, and further instability is expected as US President Donald Trump’s renewed tariffs on Chinese imports continue. Despite this, Thailand’s semiconductor sector has seen growth, with inbound investment applications reaching a decade-high of 1.14 trillion baht ($33.5 billion) in 2023. The country aims for 500 billion baht in new investments by 2029, focusing on power electronics, including semiconductors for electric vehicles, data centres, and energy storage systems.
Thailand is positioned as a key player in the global semiconductor market, ranking second among emerging economies for semiconductor manufacturing. Companies like Analog Devices, Sony, Toshiba, and Infineon have facilities in Thailand, and investment in printed circuit boards, essential for electronic devices, has also surged. Thailand’s neutral position in the ongoing trade conflict makes it an attractive destination for investors seeking stability.
However, Thailand faces stiff competition from other Southeast Asian countries, particularly Malaysia, which is aiming for over $100 billion in semiconductor investments. Despite this, Thailand’s growth potential remains strong, driven by its growing reputation as a manufacturing hub for electronics.
Chinese investors are flocking to AI-related stocks, betting that the success of home-grown startup DeepSeek will propel China to the forefront of the AI race amid the escalating Sino-US technology conflict. DeepSeek’s breakthrough in developing a competitive large language model, cheaper to produce than those of US giants like OpenAI, has ignited a surge in investments, particularly in Chinese chipmakers, software companies, and data centre operators. This patriotic investment surge follows US President Donald Trump’s fresh tariffs and trade war tactics.
Shares in AI, semiconductor, and robotics firms in China and Hong Kong have seen notable increases, with the Hang Seng AI Index rising by more than 5% and related sectors climbing over 11%. Investors are optimistic about the rapid adoption of AI technologies, with industry experts predicting significant growth in AI applications by 2025. Companies such as Nancal Technology and Suzhou MedicalSystem Technology are seen as likely beneficiaries of the AI boom.
The rise of DeepSeek has also sparked discussions about the undervaluation of Chinese tech stocks compared to their US counterparts. Chinese stocks are trading at much lower price-to-earnings ratios, and analysts believe AI breakthroughs could help close this gap. While US export restrictions on Chinese tech could intensify, this may prompt further government support, driving faster growth in the AI sector.
However, not all investors are entirely convinced. Some remain cautious about the long-term profitability of AI-focused companies, with concerns that many are still far from turning a profit. Despite the optimism, the future of AI investments in China remains a delicate balancing act between technological innovation and market realities.
Greece is taking steps to address the impact of AI on the labour market by strengthening its Labour Market Needs Assessment Mechanism and implementing retraining programs. Speaking at a conference in Brussels, Labour Minister Niki Kerameus highlighted the rapid pace of AI development and its transformative effects on the workforce. She emphasised the need for protective measures to ensure workers benefit fully from AI’s potential.
Kerameus outlined two key initiatives Greece is focusing on. The first involves mapping current and future labour market needs, especially for new skills and specialities driven by AI. The Ministry of Labour is enhancing its market needs with a diagnostic mechanism to track real-time employee skills and labour market demands.
The second initiative involves retraining programs to help workers adapt to the evolving job landscape. Kerameus reassured that while AI will continue to change how people work, it should not be feared. Greece is prioritising skills programs, particularly in digital and green sectors, and aims to involve 10% of the active workforce in these initiatives by 2026.
SKY Perfect JSAT plans to invest approximately $230 million in a new satellite constellation. The project will utilise Pelican satellites from US-based Planet Labs and will be managed through the company’s American subsidiary.
The investment marks JSAT’s entry into the Earth observation satellite business, expanding its operations beyond broadcasting and communications. The new satellite network aims to enhance data collection and imaging capabilities from low-Earth orbit.
Following the announcement, JSAT shares surged by as much as 9%. The company remains the largest operator of broadcast and communication satellites in Japan and Asia.
China’s antitrust regulator is reportedly preparing to investigate Apple’s App Store policies and fees, including its 30% commission on in-app purchases and restrictions on external payment services. The move follows recent measures targeting US businesses, including Google and fashion brand Calvin Klein, just as new US tariffs on Chinese goods emerged. Apple’s shares fell 2.6% in premarket trading following the news.
The investigation, led by the State Administration for Market Regulation, comes after ongoing discussions between Chinese regulators, Apple executives, and app developers over the past year. While neither Apple nor the Chinese antitrust regulator has commented on the matter, the move is seen as part of broader scrutiny of US companies operating in China.
In a separate development, Google was also accused of violating China’s anti-monopoly laws, with experts speculating the probe could be linked to Google’s Android operating system and its influence over Chinese mobile manufacturers. Additionally, China’s Commerce Ministry added PVH Corp, the owner of brands like Calvin Klein, to its “unreliable entity” list.
