Southeast

• Amazon announced plans to invest over $33 billion in cloud and artificial intelligence (AI) infrastructure across Indonesia, Malaysia, Singapore, and Thailand by 2039. • These investments are projected to contribute more than $64 billion to the collective GDP of the four nations and support over 56,300 annual full-time equivalent jobs in the data center supply chain. • The move aligns with the rapid growth of the ASEAN region, which is expected to become the world’s fourth largest economy with a digital economy valued at $560 billion by 2030.

• Southeast Asian nations are warming to the idea of easing Myanmar's international isolation following the 2021 military coup, with diplomats signaling a potential diplomatic opening to reintegrate the crisis-affected nation. • Regional sentiment has shifted as some countries explore conditions for Myanmar's return to normal diplomatic relations and potential participation in regional forums. • The thaw reflects changing geopolitical calculations in Southeast Asia and could affect ASEAN's cohesion and approach to Myanmar's political crisis.

• Chinese semiconductor equipment makers CCtech and Nextool Technology are deepening presence in SEA's OSAT centers as Malaysia and Singapore emerge as packaging and testing hubs. • Expansion driven by global supply chain shifts, southbound strategies, surging AI demand, and power electronics growth. • The moves signal a new upcycle for test and packaging equipment amid regional semiconductor boom.

• Echelon Singapore 2026, set for June 3-4, features exhibitors in AI-powered sustainability, cybersecurity, and HR platforms across ASEAN. • Leaders from Singapore, Indonesia, Thailand, and Vietnam will highlight digital transformation initiatives amid regional tech growth. • The event underscores Southeast Asia's rising role in global AI and green tech innovation, drawing investors and startups.

• Ms Grace Fu, Singapore's Minister, delivered a keynote at the 13th Singapore Dialogue on Sustainable World Resources on May 7, 2026, describing Southeast Asia facing a 'perfect storm' from geopolitical developments and climate change. • She emphasized severe implications for the region, including supply chain disruptions and resource scarcity due to the dual threats. • The speech underscores the need for sustainable resource strategies to mitigate risks to economic stability and security.

• Grab's Q1 2026 earnings surged 466.7% to US$136 million from US$24 million in Q1 2025, reinforcing analyst confidence in the ride-hailing and delivery platform. • Analysts view Grab as the clear regional leader in Southeast Asia despite facing ongoing regulatory challenges across multiple markets. • The company's strong profit growth demonstrates the sustainability of its business model even amid tightening regulatory scrutiny in the region.

• UBS has strengthened its Southeast Asia wealth management presence through strategic appointments, including Vivian Li as senior client advisor in its global wealth management team. • The expansion reflects UBS's commitment to capturing high-net-worth client growth across Southeast Asian markets amid intensifying competition. • These moves position UBS to deepen regional client relationships and expand its private banking footprint in a key growth market.

• Delta Electronics presented cutting-edge smart manufacturing solutions at SEMICON Southeast Asia 2026 in Kuala Lumpur on May 5, 2026, emphasizing AI-enabled systems for semiconductor packaging production. • The company demonstrated how integrated, connected AI systems can enhance speed, precision, and scalability in advanced semiconductor manufacturing across the region. • Delta's focus on AI integration reflects growing industry demand for smarter manufacturing approaches in Southeast Asia's semiconductor sector, positioning the company as a key player in the region's tech infrastructure development.