August 2024 summaries
Technology news from across SEA & the Indo-Pacific in August of 2024 touched on successes and challenges, implementations and developments across a huge range of technologies, whether established, emerging or critical in nature.
In August 2024, Asia’s technology headlines captured items including, for instance: India’s progress towards completion of a small-scale quantum computer; Singapore’s DBS bank trials of programmable grant distribution using DLT, distributed ledger tech; South Korea’s moves into prismatic form-factor EV batteries; China’s new brain-computer interface research centre in Fudan; and many more.
Don’t miss: Critical technologies in July >
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Cushman & Wakefield: Asia Pacific Data Center Market H1 2024
Australian tech news: August 2024
- Australia’s Sun Cable project, potentially to become the world’s biggest renewable energy project, mulls technology options as it works towards final commitment on $35BN project
- Australia: A look at ElectraLith, extracting and refining lithium to produce battery-grade hydroxide from a range sources using no water or chemicals, and minimal energy…
ASPI: The future of subsea cables and opportunities for Australia
Cambodia snapshot: August 2024
- Cambodia: Bakong Tourist app preps for launch, allowing tourists to pay with and top up Bakong digital wallet using credit cards, without a Cambodian bank account…
KPMG: Navigating the future of seamless e-commerce in Asia Pacific
China’s tech headlines: August 2024
- China: Bank of China establishes $4.21 billion fund-of-funds to invest in tech innovations, forming the fund in partnership with local governments and industry
- China: Country’s largest-yet cargo drone completed 20-minute test run with cargo of 2 metric tons…
Schroeders: China Chartbook – Stimulus arrives, finally
HONG KONG tech news: August 2024
- Hong Kong: Futu Securities, the city’s largest online brokerage, enters crypto by enabling retail Bitcoin and Ether trading, Bitcoin deposit bonuses and more…
HSBC: Asset Tokenization in the Quantum Age
India’s tech Headlines: August 2024
- Tamil Nadu’s Space Zone India launches Rhumi-1, the country’s first reusable liquid-solid fuel rocket, from a mobile platform, delivering 3 cube-sats and 50 PICO-sats under 1kg
- India: Tata Group’s Assam semiconductor plant is expected to be operational by mid-2025, with projected jobs boost of 27K positions in total…
Indian Tech Startups Funding Report H1 2024
Indonesia snapshot: August 2024
- Indonesia: Beleaf Farms agri-tech startup secures $6.9M Series A with platform to monitor weather, seeding, planting, nutrient dosing, farm planning and harvesting
- “Indonesia will become the 2nd largest [electric vehicles battery] material producer in the world, 2nd only to China…”
East Asia Forum: Indonesia’s critical minerals strategy needs ambition
Japan’s tech news: August 2024
- Japan: Isuzu Motors partners software firm, Applied Intuition, to jointly develop self-driving trucks capable of full automation, targeting Japanese highways for 2027
- Japan: Techstars Tokyo accelerator unveils 12 startups selected for the 3-month program, which culminates in a November pitch event…
McKinsey: Navigating the physical realities of the energy transition
South Korean tech: August 2024
- South Korea: Samsung moves into CXL memory in bid to catch next AI tech wave, with CXL potentially boosting server memory capacity 10-fold
- South Korea: An intro to Telefix, working on satellite imagery cameras and analysis and looking at opportunities in Europe and the US…
The Dawn of the AI Era:: Generative AI, teens, parents, home and schools
Malaysian tech news: August 2024
- Malaysia: National Blockchain Infrastructure, MyEG e-gov’t services provider and other gov’t units partner Worldcoin for ID integration with national systems
- Malaysia: MYStartup pre-accelerator unveils 30 tech startups selected for Cohort 4, working on businesses from coffee to cybersecurity…
MYStartup – Single Window to Malaysia’s Startup Ecosystem
New Zealand tech: August 2024
- New Zealand: GeoExchange New Zealand launches to discover, develop and protect the nation’s abundant low-temperature geothermal resources…
Microsoft and Accenture: New Zealand’s Generative AI Opportunity
Philippines tech: August 2024
- The Philippines’ central bank lifts moratorium on digital banks in bid to boost financial inclusion and access to digital services
- Philippines: “315,000 compromised credentials, 17,456 phishing attacks, and numerous vulnerabilities are just some of the alarming statistics… in the first half of 2024…”
The Philippines: August 2024 >
Stablecoins: The Emerging Markets Story
Singapore tech news: August 2024
- Singapore’s Equatorial Space rocket firm secured $1.5M pre-A led by Singapore’s Farquhar VC, with Australia’s Paspalis participating
- Singapore’s Singtel launches National Quantum-Safe Network Plus, NQSN+, to equip enterprises with the ability to future-proof critical networks…
GITEX Asia Tech Conference & Expo: April 2025 in Singapore
Taiwan’s tech news: August 2024
- ‘Taiwan-India Chips Cooperation and the Logic of Choosing India’ via the Carnegie Endowment for International Peace
- Taiwan’s Foxconn preps to construct battery energy storage systems unit in India, potentially leading to a tie-in to Foxconn’s 3+3 focus on EVs, digital health and robotics…
Indo-Pacific Space and Earth Conference – Australia in November
Thailand’s TEch News: August 2024
- Thailand Post approved to participate in virtual banking, pitching itself as a neutral agent to complement commercial firms receiving licenses…
Critical minerals and the energy transition
Vietnam snapshot: August 2024
- EU-Vietnam Sustainable Energy Transition Programme rolls out accelerator focusing on energy efficiency in industrial, transport and green building sectors
- India has granted a $300M loan to Vietnam to boost maritime security, alongside discussing cooperation in AI, cloud computing, semiconductors and more…
Deutsche Bank: G20 Roadmap for enhanced cross-border payments
critical Tech news: August 2024
- New Zealand: Dawn Aerospace hits milestones with highly-reusable ‘spaceplane’ achieving Mach 0.92 and altitude of 15000m
- China: Shanghai Spacecom Satellite Tech launch of first G60 mega-constellation sats sees Long March 6A rocket disintegrate, creating hazardous debris cloud
- China: UAV test flight successfully carries near 3.2 tons of cargo, completing 40-minute flight with potential altitude claimed of 7300 metres and 2200km range…
Critical technologies, globally: August 2024 >
Critical technologies, globally, in August 2024
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