The Malaysian Technology Development Corporation (MTDC) has agreed to invest in Oncode Scientific, a local deep-tech company specialising in molecular diagnostics and precision medicine.

The size of the funding remains undisclosed.

Established in 2015, Oncode has developed core expertise in next-generation sequencing (NGS), bioinformatics, and precision diagnostics–all critical pillars for personalised, data-driven healthcare.

Also Read: Malaysia’s digital economy surges with US$6.2B in Q2 investments

The MTDC investment will empower Oncode to pursue several key initiatives:

• Expand molecular diagnostics labs in Malaysian hospitals.
• Advance AI-powered biosensors for the early detection of cancer and immunological disorders.
• Launch new point-of-care diagnostic kits specifically tailored to Malaysia’s genetic diversity.

These initiatives are aligned with the Ministry of Science, Technology and Innovation’s (MOSTI) MyGenom Project, which aims to sequence 10,000 Malaysian genomes, and the NTIS Health Tech Hub, where five public hospitals are designated as testbeds for emerging medical technologies.

The investment also strategically positions Oncode for regional growth across Singapore, Hong Kong, and Indonesia, with plans for joint ventures to deploy diagnostics labs and co-develop biosensing platforms for both regional and global markets.

This collaboration directly supports MOSTI’s ambition to position Malaysia as a regional healthtech innovation hub by 2030. It is also firmly aligned with several national frameworks, including:

• The National Policy on Science, Technology and Innovation (DSTIN) 2021–2030, which targets raising Gross Expenditure on R&D (GERD) to 2.5 per cent of GDP, with 70 per cent originating from the private sector.
• The Malaysia Startup Ecosystem Roadmap (SUPER) 2021–2030, aiming for the creation of 500 local startups by 2030.
• The National Biotechnology Policy (NBP) 2.0, which targets a biotechnology GDP contribution of 5 per cent and the creation of 80,000 high-income jobs.

Also Read: Malaysia and Singapore forge digital trade corridor to power ASEAN integration

Established in March 1992, MTDC is a wholly owned subsidiary of Khazanah Nasional Berhad, focussed on technology investments, capacity development, and advisory services for SMEs.

As of 2025, MTDC’s track record includes:

• Supporting over 850 tech companies.
• Generating RM8 billion in ecosystem revenue. (Note: Conversion of
• Malaysian Ringgit (RM) to US Dollars is not possible as exchange rates are not provided in the source material.)
• Achieving RM1 billion in exports from deep-tech firms.
• Facilitating 18 IPOs.
• More than 700 intellectual property filings by MTDC’s ecosystem companies.
• Approving 84 NTIS projects across medtech, robotics, and clean energy.
• Training 21,800 professionals through its Technopreneur Training Academy (TENTRA).

“Malaysia’s technology ambitions will fall short without qualified talent and trust in local capabilities. That’s why we’ve been deliberate in building deep-tech capacity, from lab to leadership. Our innovators must be equipped not just with technical skills, but with the confidence to solve complex national challenges,” said Ts. Hj. Mohammad Hazani Hj. Hassan, Group Chief Executive Officer of MTDC.

The post MTDC backs Malaysian deeptech firm Oncode to advance molecular diagnostics appeared first on e27.

Global risk sentiment has taken a noticeable hit recently, and it’s not hard to see why. A weaker-than-expected US ISM services PMI report for July, dropping to 50.1 from 50.8 in June, has raised eyebrows. Any reading below 50 signals contraction, and while 50.1 is just above that line, it’s a close call that suggests the services sector, a massive chunk of the US economy, is losing steam.

Firms are cutting jobs too, with the employment index plunging to 46.4, one of the lowest levels since the pandemic shook things up. This points to tepid demand and rising costs squeezing businesses, and it’s a red flag for anyone watching the broader economic picture.

Then there’s the trade situation, which feels like throwing fuel on an already flickering fire. President Trump has put out word that he’s gearing up to slap tariffs on chips and pharmaceuticals, with the latter starting small but potentially ramping up to a jaw-dropping 250 per cent down the road.

He’s also planning to hike tariffs on Indian goods substantially, and he means to do it fast, within the next 24 hours. These moves could rattle global supply chains, jack up prices for everything from tech to medicine, and sour trade ties with a big player like India. Markets hate uncertainty, and this is a textbook case of it.

The US stock markets didn’t waste time reacting. The S&P 500 dropped 0.5 per cent, the Dow Jones edged down 0.1 per cent, and the Nasdaq took a 0.7 per cent hit. Investors are clearly jittery, pulling back from riskier bets as they digest the economic slowdown signals and the tariff threats. US Treasuries, meanwhile, had a mixed day after two sessions of gains.

The 10-year yield ticked up 1.8 basis points to 4.210 per cent, while the 30-year yield slipped 1.1 basis points to 4.780 per cent. That split tells a story of its own, hinting at confusion over where interest rates and inflation might head next, especially with talk of a Federal Reserve rate cut picking up steam.

Speaking of the Fed, the US Dollar Index, or DXY, is hanging out near recent lows, closing slightly down at 98.78 after last Friday’s non-farm payrolls report. A softer dollar could give US exports a boost, but it also means imports might get pricier, which could stoke inflation just when the economy looks shaky. Gold, always a go-to when things feel uncertain, climbed 0.2 per cent, riding the wave of that weaker dollar and bets on a Fed rate cut coming soon.

On the flip side, Brent crude took a 1.3 per cent dive to US$67 a barrel, thanks to news that the Kremlin might pause air strikes to dodge Trump’s threat of secondary sanctions. That’s a geopolitical chess move that could steady oil prices or shift the conversation with the US, depending on how it plays out.

Also Read: Crypto UX is evolving with intents and AI agents at the core

While the US markets nursed their wounds, Asian stock markets caught a second wind on Tuesday. Investors over there are feeling optimistic, pricing in a 90 per cent chance of a Fed rate cut at the September FOMC meeting. That kind of monetary easing could pump some life into global growth, and Asian markets opened higher this morning, shrugging off the gloom stateside. US equity index futures suggest a mixed open back home, so it’s clear the world’s not moving in lockstep on this one.

The crypto angle: Bitcoin, altcoins, and market mood

Now, let’s zoom in on the cryptocurrency market, where things are just as messy but with a twist of their own. Bitcoin recently slid to US$112,000, and normally, you’d expect altcoins to perk up when the big dog stumbles, maybe even kick off an altcoin season. That hasn’t happened this time. Solana’s down 9.45 per cent over the past week, XRP’s off 5.48 per cent, and Dogecoin’s taken a 10.80 per cent beating. The altcoin crowd isn’t catching a bid, and that’s got people wondering what’s up.

Over the last 30 days, Bitcoin’s dominance, its share of the total crypto market cap, has slipped by nearly 5.5 per cent. Meanwhile, Ether’s been on a tear, jumping 40 per cent. You’d think that might mean traders are diving into riskier assets, but the broader altcoin slump tells a different story. It looks more like folks are cashing out Ether’s gains rather than piling into the next big thing.

The OTHERS index, which tracks altcoins outside the top 10 by market cap, crashed 18.7 per cent in just 10 days before bouncing back a bit. That’s a clear sign of investors running from the high-risk, high-reward corners of the market, mirroring the cautious vibe globally.

Bitcoin itself is holding the spotlight, though, and not without reason. Its price just retested a key weekly uptrend line, a level that’s sparked big moves before. Back in early 2023, it broke out of a downtrend after a similar retest and shot up over 95 per cent. In 2024, it did it again, climbing 171 per cent past US$73,000.

Now, in August 2025, it’s bounced off that same ascending support, and analysts are eyeing a short-term target of US$123,300, with a longer-term goal of US$150,000. There’s even talk of an inverse head and shoulders pattern on a 2-day chart, a bullish setup that could push Bitcoin to US$170,000 if it plays out. Volume’s backing the breakout, moving averages are turning up, and the neckline at US$110,000 is holding as support. That’s a 40-50 per cent upside from where we sit, which is no small potatoes.

Adding fuel to the fire, a whale has placed a massive leveraged long bet on Bitcoin, and parabolic chart projections are floating around, hinting at another wild ride. Big bets like that can juice the market, but they also bring volatility, and a wrong move could spark liquidations. Still, the technicals are lining up for a potential rally, and history suggests this trendline retest could be the start of something big.

Piecing it together: What’s driving all this?

So, what’s the bigger picture here? The global risk retreat ties straight back to the US economy, showing cracks. The services sector slowdown and job cuts signal weaker growth ahead, and Trump’s tariff plans are stirring the pot, threatening to disrupt trade and hike costs. Stock markets in the US are feeling the heat, while Asia’s betting on a Fed lifeline to keep things humming. Gold’s up, oil’s down, and the dollar’s soft, all classic moves when uncertainty reigns.

Also Read: Laundering, layered: The strategy, psychology, and mistakes of crypto thieves

In crypto, the story’s a bit split. Altcoins are floundering, suggesting investors are playing it safe or pocketing gains rather than chasing the next moonshot. Bitcoin, though, looks poised for a breakout, backed by solid technicals and some heavy hitters betting big. It’s a tale of two markets, caution on one side, opportunity on the other.

My take: Risks and rewards in a shaky world

Here’s where I weigh in. The US data is worrisome, no doubt, and those tariffs could make a challenging situation worse, hitting consumers and businesses alike. But the Fed’s got room to step in, and if they cut rates, it could cushion the blow and give markets a lift, especially outside the US. Asia’s already banking on that, and they might be onto something.

Crypto’s trickier. Altcoins look stuck, and I wouldn’t hold my breath for a sudden rally there. Too many folks are sitting on the sidelines or cashing out. Bitcoin’s another story. The setup feels legit, and if it breaks out, US$150,000 or even US$170,000 isn’t crazy talk. That said, the macro risks, like a deeper US slowdown or a trade war flare-up, could derail it. Leverage in the mix makes me nervous, too. Volatility cuts both ways.

For anyone playing these markets, it’s about balance. Keep an eye on the Fed, watch how those tariffs land, and don’t sleep on Bitcoin’s next move. Diversifying’s smart, there’s too much up in the air to go all-in anywhere.

—

Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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The post The perfect storm: Jobs plunge, tariffs hit, and crypto volatility soars appeared first on e27.

Truelight Capital, a Singapore-based investment firm, today announced the launch of its new angel fund, dedicated to investing in early-stage media and media-tech companies poised to redefine the industry.

The firm is backed by a British businessman and media veteran, Michael de Waal-Montgomery, who will serve as its founder and Managing Partner.

The launch arrives at a pivotal moment for the media sector, which is undergoing significant changes driven by the decline of traditional business models and the rapid emergence of artificial intelligence (AI).

Also Read: Thriving in the age of AI: What the media industry must do next

Truelight Capital’s investment thesis is founded on the belief that this disruption provides fertile ground for developing entirely new models for content creation, distribution, and monetisation.

A new playbook for media investment

Michael de Waal-Montgomery said: “We are on the cusp of a paradigm shift where AI, decentralisation, and the creator economy aren’t just buzzwords—they are the foundational building blocks of the next generation of media enterprises.”

“Our mission is to find and empower the most ambitious founders who are building those new models. We believe the most successful media companies of the next decade will look nothing like those of the last,” he added.

Truelight Capital aims to provide patient, long-term capital, with an investment horizon typically spanning five to ten years. The firm will write cheques at the angel, pre-seed, and seed stages, offering capital, deep industry expertise, and strategic counsel to its portfolio companies.

Founder-first philosophy and strategic insight

A central tenet of Truelight Capital’s philosophy is a founder-first approach. Waal-Montgomery stated, “A brilliant concept can still fail under the wrong leadership. We are investing in people first and foremost.”

He further elaborated, “We’re looking for resilient, visionary founders who possess an unshakeable belief in their mission and the grit to execute on it. Our role is to be their trusted first partner on that journey.”

Waal-Montgomery brings extensive hands-on industry experience to the firm. He is a co-owner of Ellerton & Co. Public Relations, a Singapore-headquartered agency, a role he will continue to hold.

Also Read: The news wars: Will tech giants soon be coughing up big bucks for media content?

His investment philosophy has also been shaped by direct experience, including a family investment in Scoutbots, a Hong Kong-based ocean-cleaning hardware startup in 2015. Although that venture ultimately did not succeed, it provided a formative lesson. “That experience instilled in me a deep appreciation for business models that have a clear and rapid path to generating revenue and and positive cash flow,” he reflected.

Truelight Capital is actively seeking to connect with founders who are building the future of media.

—

Disclaimer: De Waal-Montgomery is a former employee of e27.

The post Truelight Capital launches angel fund to back early-stage media startups appeared first on e27.

At Echelon Singapore 2025, this panel explored the future of urban mobility in Asia, emphasising the interplay between technology, regulation, and evolving consumer needs.

Speakers highlighted the potential of electric mobility as a lifestyle brand, underscoring how brand identity can drive adoption beyond functional benefits. They stressed the need for a forward-looking mindset that integrates diverse technologies into a unified, compelling narrative.

The discussion examined advances such as AI-powered dynamic routing algorithms and the strategic pivot from consumer-focused (B2C) to business-oriented (B2B) services.

Panelists also addressed the complexities of regulatory environments, noting the necessity of collaboration between innovators and policymakers to ensure both progress and public safety.

The conversation touched on the promise and challenges of autonomous vehicles, with calls for a balanced approach that prioritises innovation while safeguarding communities. Overall, the session offered a comprehensive view of the forces shaping mobility’s next chapter in Asia.

The post Echelon Singapore 2025 – Reimagining movement: The next wave of urban mobility in Asia appeared first on e27.

In a world of infinite content, it’s easy to believe the loudest person wins.

But after wrapping the second cast of my Speakers Society Accelerator, I’ve come to realise something else: It’s not about how much noise you make. It’s about how clearly your voice carries, and how smartly it scales.

Cast two: From pitch decks to presence

When I first designed the Accelerator, it was meant to balance both business and stage mastery. Cast one leaned more toward monetisation — how to pitch, position, and package your message into a scalable brand.

We focused on funnels, offers, and backend workflows — how to turn your story into revenue. And it worked. Participants from cast one went on to launch coaching programs, get booked for panels, and build lead magnets that brought in clients.

But cast two felt different. Smaller group. Different energy. The vibe wasn’t funnel-first – it was fear-first. People weren’t unsure of what to sell — they were unsure of how to speak.

So I adapted. I don’t teach like a robot. I read the room.

Same slides. Same framework. Completely different delivery.

What they needed wasn’t more strategy. They needed confidence. They needed space to experiment. They needed someone to tell them, “You’re not boring. You just need a better entry point.”

We spent more time on storytelling, vocal techniques, gestures, and even breathing. And the transformation wasn’t subtle. By the final three minute speeches, participants were commanding attention. No notes. No slides. No AI.

Just presence. It was the kind of change that stays with you, and yes, it was all caught on video.

AI is my co-founder, but I’m still the voice

I use AI every day. Seraphina AI, my digital twin, is part of nearly everything I build. My operations run on People’s Inc. 360 Unify, an integrated system that streamlines tasks like onboarding, follow-ups, feedback loops, and booking automation.

Let me break down how it works:

• Seraphina thinks. She replicates my tone, voice, responses, and structures. She’s not just a bot — she’s trained on how I think and speak.
• Unify does. All my workflows live here – onboarding forms, trigger-based emails, audience segmentation, calendar syncing.
• Pabbly connects. It pulls data from external platforms like WhatsApp, so everything talks to each other.

This setup lets me run a hybrid coaching and community program with real-time responsiveness, without being glued to a dashboard 24/7.

Also Read: Learn how this Echelon speaker got his startup acquired by Grab

But let me be clear: I’m not a GPT speaker-trainer.

I don’t recite scripts. I don’t run slide decks with pre-recorded templates.

I coach from lived experience — the mistakes I made, the pivots I took, the way my voice changed when I stopped hiding behind copywriting and started speaking.

AI can help scale a message. But it cannot replace the clarity or emotional intelligence of someone who has been there.

And it certainly cannot read the room.

You can’t automate what you don’t understand

One of the biggest misconceptions I’ve seen, especially from creators entering the speaker space, is the belief that automation is the shortcut to growth.

But here’s what I often remind people: You can’t automate what you don’t understand.

That’s why I encourage everyone to do it manually, at least once.

Write the welcome email yourself. Schedule the first few posts manually. Follow up with your first five leads personally.
Because once you feel the friction, you’ll know what to systemise. And more importantly, what not to.

This is the quiet power of automation: It gives you back time, but only if you know how to use it wisely.

Otherwise, you’re just automating overwhelm.

The myth of “attract, don’t chase”

Let’s address something that’s been floating around in the content-creator-turned-coach world: The idea that you should “only attract, never chase.”

I get where it comes from — positioning is powerful. But here’s the reality: Founders chase KPIs all the time. We do outreach. We build pipelines. We run ads. We follow up.

Also Read: As the creator economy matures, it’s time to build for speakers

There’s a Chinese proverb — 守株待兔 (shǒu zhū dài tù) — about a farmer who waits by a tree stump, hoping another rabbit will run into it like one did before. He waits and waits… and nothing comes.

The lesson? If you only wait, nothing happens.

So yes, attract — build your brand, create your content. But also: Offer. Pitch. Follow up. Speak.

Because the real secret is this: Speaking does both. It attracts and closes. A great talk turns passive listeners into active leads, especially when it’s followed up with structure and intention.

Structure meets confidence — that’s the unlock

Most people don’t lack value. They lack structure.

We’ve been taught how to write. We haven’t been taught how to speak, at least not in a way that moves people.

I use a simple structure: Hook, bridge, core, CTA. It’s flexible enough to work on panels, webinars, reels, even TikToks but powerful enough to keep your message grounded.

In cast two, we layered this with confidence drills. Mirror work. Vocal warm-ups. Reframing beliefs like “I’m not good at public speaking” into “I haven’t trained this skill… yet.”

By the end, students didn’t just sound better — they felt better.

Confidence isn’t loud. Confidence is grounded. Confidence knows the message, the moment, and the meaning.

What the new growth playbook really looks like

We’re seeing a shift in what “growth” means in 2025. It’s not just follower count or reel reach.

It’s:

• Knowing your signature message.
• Building a replicable structure for sharing.
• Using AI to free up energy, not replace effort.
• Creating assets that compound, like talks, not just threads.

You don’t need to go viral. You need to be valuable consistently.

That’s what voice gives you. That’s what speaking builds.

Also Read: Speaking before you scale: Your voice is your most powerful asset

What I’m exploring next

As I prepare for the next round, the focus is sharpening:

• How can we balance authenticity and automation?
• Can storytelling frameworks be taught and systemised?
• What happens when a founder learns to sell on stage, before they scale online?

These are the questions I’m exploring with every cohort, every iteration. And here’s what I’m learning: You don’t need a million followers. I don’t have a million followers. Neither does Kelly. Nor Ben.

But we’ve spoken. We’ve sold. We’ve scaled. You don’t need mass. You need momentum. You don’t need virality. You need a voice.

If you’re building something — a movement, a message, a business — and you feel your voice hasn’t caught up with your vision yet, that’s the space I’m exploring next.

Because your voice might just be your next growth lever.

—

The post The automated speaker: Why voice, not volume, is the next growth lever appeared first on e27.

Vijay Anand, a well-known figure in the Indian startup ecosystem and a film enthusiast, used to host monthly “rooftop film festivals” at his office at The Startup Centre in Chennai. These gatherings brought filmmakers and technicians together to watch, dissect, and discuss the craft of filmmaking.

Over time, Anand observed a stark imbalance: while massive investments poured into content creation tools and post-release analytics, almost no effort was directed at closing the gap between production and audience insight–an oversight that could prevent a film’s failure before release.

“There was a glaring absence of tools that help creators understand whether their stories connected with audiences,” he recalls. “Coming from the startup world where lean frameworks allow constant testing, feedback, and iteration, the lack of quantitative audience feedback in the film industry felt like both a gap and an opportunity.”

Also Read: Canvas Space allows you to micro-monetise your content in fiat, cryptocurrencies

This realisation led him to found Quanten Media, a Singapore- and India-based startup offering tools that test content quantitatively using physiological data captured via subtle, wearable hardware. The goal: to help creators predict audience engagement before release.

The US$247 billion problem

Global spending on content reached US$247 billion in 2024. The industry has grown exponentially, from 40,000 pieces of content two decades ago to more than 250,000 TV shows and films today. Yet, Quanten’s internal data suggests that 93 per cent of content fails to meet minimum engagement thresholds, a failure rate unacceptable in most other sectors.

“Filmmakers still rely heavily on intuition and gut feeling, even in an era of ever-evolving audience preferences,” says Anand. “There are no practical tools that empower studios, distributors, and streaming platforms with actionable audience intelligence.”

Even in established industries like Hollywood, content testing is limited. While early-stage screenings with rough cuts are common, feedback typically comes from focus groups, where politeness skews responses. Participants may outwardly praise a film, yet rate it a “6” or “7” in anonymous surveys.

Other traditional tools, like audience dials, may work for short-form content, but they quickly lead to fatigue during longer formats, and users often struggle with how to respond in real time.

A lightweight solution for deep engagement

Quanten tackles this challenge through a blend of hardware and data science. Its lightweight wearables, shaped like 3D glasses, capture physiological data (eye movement, heart rate, and other metrics) during standard test screenings.

“The glasses are completely unobtrusive and enable precise, moment-by-moment measurement of viewer engagement,” Anand explains. This real-time data can approximate what audience ratings might look like upon release.

The platform also tests for meta-storytelling effects, such as how engagement shifts on second viewings, and helps distributors identify optimal demographics for targeted release strategies.

The science of attention

Surprisingly, Quanten’s biggest hurdle wasn’t technological; it was psychological.

“The main challenge was removing observer bias. We needed to ensure the audience didn’t feel like they were being watched,” says Anand.

The next steps involved ensuring data fidelity and developing algorithms that could interpret data through the lens of genre, scene type, and more.

For Anand, attention emerged as the most important metric.

“In entertainment, it all comes down to attention. The human mind is easily distracted. For someone to truly pay attention, the content has to engage—and that is the essence of visual storytelling.”

The grammar of genres

By analysing attention data across genres, Quanten uncovered striking patterns, claims Anand. “I could tell whether something was a horror film, action film, drama, or documentary just by looking at the attention graph without knowing the title or genre. Each has a unique ‘attention fingerprint’.”

Also Read: 5 AI trends to watch in the next 12 months: Intelligent agents, cost reductions and compute power

Beyond genre-specific structures, the platform also reveals universal patterns and cultural differences in viewer response.

Anand sees this as the foundation for “attention shaping,” akin to music theory for composers. This framework could guide storytellers in crafting emotional arcs and structural elements that resonate more deeply with audiences. “Much like music theory, it opens a world of possibility. These models don’t constrain creators—they support them in telling better stories.”

A diagnostic, not a directive

Quanten positions itself as a creative aid, not a replacement for artistic judgement. “It’s like taking a blood test. It may say you’re in perfect health or flag anomalies, but it’s still your choice how to act on the data,” says Anand.

Success hinges on identifying the right stakeholders. In production, producers are Quanten’s ideal customers. For distribution, marketing teams responsible for theatrical releases benefit most. Streaming platforms engage across both fronts—showrunners for production and marketing leads for audience insights.

“Our first paid engagement with Neon, the distributor behind Oscar winning movies such as Parasite and Anora. Neon engaged us to test their upcoming film using our platform,” he shares.

Beyond the silver screen

Quanten’s implications stretch well beyond entertainment, observes Anand. The attention economy is reshaping industries from advertising and education to live performances, politics, and gaming.

“We’ve had companies ask to test virtual product launches to see which visuals spark excitement, and then tailor follow-up messaging accordingly,” he shares.

This signals a broader shift in how visual communication is evolving with digital formats such as vertical shorts, YouTube narratives, and episodic storytelling.

“The best creators don’t treat platforms in silos. They use shorts for context, YouTube for character intros, and film for social watching. It’s all connected.”

The future of storytelling

With global content hubs now flourishing in London, Korea, Vancouver, and beyond, Anand believes the future lies in blending creative intuition with scientific audience insights.

“Just like music theory enhances—not limits—musical creativity, attention science can help storytellers intentionally craft meaningful experiences.”
In a market spending nearly a quarter-trillion dollars annually on content—and with audiences more fragmented than ever—the ability to understand and shape attention is no longer a luxury. It’s becoming a necessity.

Quanten is betting that this blend of artistry and science will define the next era of storytelling.

The post Quanten wants to help filmmakers predict failure before it happens appeared first on e27.

At Echelon Singapore 2025, Jeremy Tan joined e27 co-founder Thaddeus Koh for a candid fireside chat exploring his journey from business to politics.

Tan underscored the value of public trust and the role of capitalist policies in sustaining Singapore’s progress. Drawing from his campaign playbook—including a dog mascot and unconventional themes such as Bitcoin—he stressed the power of niche positioning. He shared lessons in setting boundaries, managing feedback, and mastering TikTok as a key engagement tool.

Tan also touched on the operational side of campaigning, from volunteer coordination to navigating regulatory frameworks. Looking ahead, he aims to build infrastructure supporting independent candidates, likening political strategy to startup building: bold yet grounded in integrity.

The post Echelon Singapore 2025 – Leadership, messaging, and conviction: Startup story from the campaign trail appeared first on e27.

The arrest of Gibran Huzaifah, founder of eFishery, marks a sobering moment for Southeast Asia’s startup ecosystem. Once hailed as a poster child for Indonesia’s agritech and inclusive fintech potential, eFishery’s alleged US$600 million revenue overstatement and leadership misconduct cast a long shadow—not just on the company, but on regional investor confidence.

This isn’t merely a case of one startup faltering; it raises urgent questions around corporate governance, financial oversight, and due diligence in high-growth ventures. With backers like SoftBank and Temasek, eFishery’s downfall is a wake-up call for both investors and ecosystem builders who have championed scale at speed.

Startups often operate under intense pressure to deliver exponential growth, especially in emerging markets. But this case underscores that the path to sustainability must run through transparency and integrity. As Southeast Asia continues to mature as a tech and innovation hub, the balance between ambition and accountability needs urgent recalibration.

For founders, this is a cautionary tale. For investors, a reminder to dig deeper. And for the ecosystem, a moment to reflect: progress must be built not just on promising stories, but on verifiable facts and responsible leadership.

REGIONAL

eFishery founder held by Indonesian police over alleged embezzlement
Former CEO Gibran Huzaifah, along with two former VPs, is detained for allegedly inflating revenues by US$600M to mislead investors.

SixSense nets US$8.5M to bring AI-driven precision to chipmaking
Investors include Surge, Alpha Intelligence Capital, and Febe Ventures | SixSense’s AI helps chipmakers detect defects, boost yields, and cut errors—now expanding globally with fresh backing from Surge.

Vaudit lands US$7.3M seed financing to tackle ad spend fraud with AI
Investors include Mucker Capital, Ascend Vietnam Ventures, and AppWorks | Vaudit’s AI platform audits ad campaigns in real time, detecting waste, overcharges, and fraud to maximise marketing ROI.

SG tech firm Omni HR acquires MajuHR
MajuHR offers HR software that lets employees manage tasks like leave requests and payslip checks via chat apps such as WhatsApp | Omni’s backers include Picus Capital and Alpha JWC Ventures.

Malaysia plans US$150B US tech spend as tariffs ease
Malaysia plans to spend the amount over five years on equipment from US multinationals for its semiconductor, aerospace, and data centre industries.

SG Enviro bags US$5.92M to tackle Southeast Asia’s wastewater challenge
Emerald Technology Ventures is the lead investor | SG Enviro will expand regionally, integrating global climate-tech solutions to address industrial wastewater with tailored, high-impact technologies.

EV car-sharing startup BlueSG to pause service on Aug 8
This is to upgrade its fleet and systems | The company plans to relaunch in 2026 | Some of its workforce will be laid off, with severance pay provided.

EXEO Global invests in Evercomm to drive scalable decarbonisation across critical infra
The partnership enables real-time carbon tracking, regulatory compliance, and operational efficiency through AI-powered tools across EXEO’s global operation.

Osome and Aspire partner to automate finance for entrepreneurs in Singapore, Hong Kong
The integration streamlines bank reconciliation, reduces manual work, and helps startups save time, cut costs, and boost financial efficiency.

REPORTS, FEATURES & INTERVIEWS

Quanten wants to help filmmakers predict failure before it happens
Quanten uses AI and physiological data to measure real-time audience engagement, helping creators identify weak points before release.

#StudentsSpeakonAI: High usage, low understanding—The double-edged sword of AI in education
Students worldwide are rapidly adopting AI for learning, but many lack basic understanding—fuelling misinformation, confusion, and future anxiety.

Student behaviour has changed, perhaps forever: A global shift in education with AI
Students globally are turning to AI for learning, with ChatGPT leading a shift in study habits, search behaviour, and expectations.

MetaComp finds 3-tool KYT setup reduces crypto compliance blind spots by over 99 per cent
MetaComp study shows a three-tool KYT setup sharply improves crypto risk detection, balancing speed and accuracy for AML compliance.

Gaming in SEA: Understanding the growing opportunity for SMEs and payment providers
The growth of the gaming industry in SEA signals a larger shift in digital behaviour—one that merges entertainment, commerce, and identity.

ECHELON SINGAPORE 2025

Leadership, messaging, and conviction: Startup story from the campaign trail
Jeremy Tan aims to build infrastructure supporting independent candidates, likening political strategy to startup building.

INTERNATIONAL

Musk’s US$29B Tesla pay plan to replace disputed US$56B deal
The plan would grant Musk 96M shares that will vest all at once after two years if he remains in a senior leadership role and holds the stock for five years, with a US$23.34-per-share purchase price.

US watchdog warns banks of crypto ATM fraud, cartel ties
The US Financial Crimes Enforcement Network referenced Drug Enforcement Administration reports that criminal groups, including Cartel Jalisco Nueva Generación, are increasingly using crypto ATMs to move suspected drug profits.

Ant Group to sell remaining Paytm stake for US$434M
Paytm has seen several major shareholders exit in the past two years, including Berkshire Hathaway and SoftBank | The group previously sold a 4% stake in May and a 10.3% stake in August 2023.

VinFast opens its first EV plant in India
The plant targets an annual production capacity of up to 150,000 vehicles | Cars from the new facility are expected to arrive in Indian showrooms later this month.

SEMICONDUCTOR

Chipmaker Onsemi Q2 revenue falls 15% to US$1.5B
The Arizona-based semiconductor company posted a GAAP gross margin of 37.6%, and a GAAP operating margin of 13.2% | Net income attributable to Onsemi was US$170.3M.

AI

Trust, tools, and team culture in the age of AI
AI adoption reshapes workplace dynamics as teams shift from fearing automation to co-creating trust-driven human-AI collaboration.

AI at work: Moving forward with employee engagement
While AI can revolutionise employee engagement, it requires thoughtful implementation, ethics, and a human-centric approach.

THOUGHT LEADERSHIP

When markets falter: US jobs, Russia, and Bitcoin’s moment to shine
Markets reel from weak US jobs data and geopolitical tensions, but Bitcoin defies the risk-off trend with gains driven by institutional demand.

The reality of representation within Singapore’s Straits Times Index
The STI’s financial-heavy weighting misrepresents Singapore’s real economy, limiting investor exposure to key growth and employment sectors.

Decisions made in the dark: Why founders can’t afford flawed financial data
Incomplete financial data is undermining strategic decisions, making clean, timely metrics essential for confident business growth.

How SEA startups turned remote-first into a scalable culture
Southeast Asian startups are embracing remote-first culture as a strategic model to scale teams, cut costs, and boost productivity.

Why startups fail at offshore expansion (and how to fix it)
Startups often fail at offshoring by treating it as a cost-cutting tactic instead of designing it as an integrated operational system.

Adapt, innovate, impact: The new entrepreneurial playbook
Launching quickly, mastering your niche, and staying strategic are key to navigating the complexities of modern business.

What are the benefits of a culture based leadership style?
Organisations with a people-first culture often see improvements in customer satisfaction, sales, profitability, and workplace survey results.

A new insights attitude for SMEs in the era of the ‘insights engine’
Adopting an all-hands-on-deck insights attitude, SMEs can reach new horizons with sails as effective as insights engines.

Balancing ambition and well-being: A founder’s take on sustainable company building
Scaling founders can protect well-being by redefining ambition, building resilient teams, and prioritising long-term sustainability.

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Global markets are currently riding a wave of optimism, with risk sentiment surging as investors appear to shrug off a host of economic and political uncertainties. This buoyant mood stems mainly from two key drivers: the anticipation of earlier-than-expected Federal Reserve rate cuts and growing excitement about the potential for artificial intelligence to fuel economic growth.

Beneath this surface of confidence, there are substantial risks that could easily unsettle this delicate balance. From escalating trade tensions to shifting monetary policies and fluctuating commodity prices, the global financial landscape is anything but stable. Adding to the complexity is the cryptocurrency market, where Bitcoin’s price volatility has recently hit its lowest point in over a year, offering a curious contrast to the broader market dynamics.

Let’s begin with the economic and political risks that, despite being overlooked by many market participants, remain critical to understanding the current sentiment. One of the most prominent issues is the resurgence of trade tensions, highlighted by former President Donald Trump’s recent threat to raise tariffs on Indian goods substantially. His reasoning ties to India’s continued purchases of Russian oil, a move that has irked US policymakers amid geopolitical strains.

This isn’t just a bilateral spat between the US and India. It has the potential to ripple across global trade networks, disrupting supply chains and increasing costs for businesses worldwide. India plays a vital role in the global economy, particularly in technology and manufacturing, so any escalation in tariffs could dampen corporate earnings and slow economic momentum. This is a reminder that geopolitical posturing can quickly translate into economic consequences, and investors ignoring this risk might find themselves caught off guard if tensions boil over.

Turning to monetary policy, the Federal Reserve’s next moves are shaping up to be a linchpin for market sentiment. San Francisco Fed President Mary Daly recently indicated that the Fed might need to implement more than two rate cuts this year if the labour market weakens further and inflationary pressures from tariffs fail to materialise.

Also Read: Echelon Singapore 2025 – Leadership, messaging, and conviction: Startup story from the campaign trail

This comment caught my attention because it suggests a willingness to adopt a more supportive stance, which could bolster markets by lowering borrowing costs and encouraging investment. However, it also underscores the Fed’s challenging position. Cutting rates too aggressively risks reigniting inflation, especially if trade disruptions push up prices. On the other hand, holding back could stifle growth if the labor market deteriorates. Fed is walking a tightrope, and its decisions will likely amplify market swings in the coming months. For investors, this means staying attuned to economic data like employment figures and inflation readings, which will heavily influence the Fed’s path.

AI hype changes things

Meanwhile, the optimism around AI-driven growth is injecting a dose of excitement into the markets, and I can see why. Advances in artificial intelligence are no longer just theoretical. They’re starting to reshape industries. Companies are pouring resources into AI, betting that it will streamline operations, boost productivity, and open new revenue channels.

This enthusiasm is most evident in the tech sector, which has powered a recent rebound in US stock markets. The S&P 500 climbed 1.5 per cent, the NASDAQ jumped 2.0 per cent, and the Dow Jones rose 1.3 per cent, reflecting a clear risk-on attitude. I find this rally encouraging because it signals confidence in innovation as a growth driver. I also think it’s worth tempering expectations.

AI’s economic impact is still unfolding, and while the long-term potential is immense, short-term gains might be overstated. If other risks like trade disputes or policy missteps intensify, the AI narrative could lose its luster, leaving tech-heavy indices vulnerable.

The bond market offers another lens into investor sentiment, and here I see a mix of caution and opportunism. US Treasuries consolidated their gains on Monday after a strong showing the previous Friday, when renewed expectations of Fed rate cuts drove demand. The 10-year Treasury yield dropped 2.4 basis points to 4.192 per cent, inching close to its support level at 4.185 per cent.

Also Read: Quanten wants to help filmmakers predict failure before it happens

Lower yields typically suggest investors are seeking safety, which seems at odds with the equity market’s rally. To me, this divergence hints at underlying unease; some investors are hedging their bets even as others pile into stocks. The US Dollar Index fell 0.4 per cent in response to these lower yields, while gold edged up 0.3 per cent to US$3,373 per ounce. Gold’s modest gain reinforces my view that safe-haven assets still hold appeal, despite the risk-on vibe dominating headlines. It’s a subtle but telling sign that not everyone is fully convinced by the current optimism.

The case with commodities

Commodities, too, are part of this intricate puzzle. Brent crude oil slipped 1.3 per cent to US$68 per barrel after OPEC+ agreed to increase production by over 500,000 barrels per day starting in September.

This move surprised me a bit, given the group’s usual caution, but it could ease inflationary pressures by keeping oil prices in check. For consumers and businesses, cheaper oil is a welcome relief, potentially supporting spending and investment. However, it also raises questions about global demand. If OPEC+ feels confident boosting output, does that mean they see economic growth slowing? I lean toward the idea that this is a strategic play to maintain market share, but it’s a development worth watching. Lower oil prices might give central banks like the Fed more room to cut rates without stoking inflation, indirectly supporting the risk sentiment driving markets.

Now, let’s shift gears to Bitcoin, where an intriguing story is unfolding. The cryptocurrency’s price volatility has plummeted to its lowest level in over a year, a stark contrast to its historically wild swings. According to Blockforce Capital, Bitcoin’s annualised 60-day volatility fell to 28.53 per cent on July 30, the lowest since August 28, 2023. Its 30-day volatility hit 25.26 per cent on July 23, the calmest since October 15, 2023. This happened as Bitcoin’s price oscillated between US$105,000 and US$122,750 in July, per Coinbase data from TradingView.

I find this stability fascinating, especially given the broader market turbulence. Part of it stems from regulatory progress, including the passage of three US House bills on crypto and the enactment of regulations in July, with the GENIUS Act signed into law by President Trump. These steps likely reassured investors, reducing uncertainty.

Also Read: eFishery founder held by Indonesian police over alleged embezzlement

But there’s more to this story. Institutional players are flexing their muscles, and I see this as a game-changer. Strategy, formerly known as MicroStrategy, acquired US$2.46 billion worth of Bitcoin between July 28 and August 3, increasing its holdings to 628,791 tokens, valued at over US$71 billion. That’s a massive bet, averaging $117,526 per token, and it shows how Michael Saylor has turned his company into a Bitcoin juggernaut.

Similarly, Japan’s Metaplanet grabbed 463 BTC for US$53 million, pushing its stash to 17,595 BTC, worth about $2.02 billion. These firms are treating Bitcoin like a treasury asset, buying even as retail enthusiasm wanes. I think this institutional muscle could steady Bitcoin through choppy waters, though it also ties the crypto’s fate closer to corporate strategies.

My view? Enjoy the ride, but keep your eyes wide open. The next few months could be a wild one.

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Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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Razer, the global lifestyle brand for gamers, has unveiled its new AI Center of Excellence in Singapore, kicking off the first phase of a multi-region strategy to develop advanced AI technologies for gaming. Backed by Digital Industry Singapore—a tripartite initiative by the Singapore Economic Development Board, EnterpriseSG, and the Infocomm Media Development Authority—the new facility will act as a hub for innovation, talent cultivation, and product development aimed at shaping the next generation of immersive, AI-powered gaming experiences.

The Singapore launch serves as the foundation for a global network of AI hubs, with future centers slated for Europe and the US. In an email to e27, Li Meng Lee, Chief Strategy Officer, Razer, said that the AI Centers of Excellence in other regions will allow Razer to tap on AI talent in those regions. “It also puts us close to US- and Europe-based game developers, as many studios are founded and based there.”

Razer’s strategic move comes as AI gaming surges in both innovation and investment, with the sector projected to hit US$28 billion by 2033, according to industry forecasts.

Razer’s decision to anchor its AI gaming efforts in Singapore reflects the city-state’s rising stature as a global hub for AI innovation. The new centre will be one of the largest of its kind in the country, housing 150 AI specialists in engineering, data science, and game development. The company has introduced a “skills-first” hiring approach designed to attract and retain top-tier AI talent with high-engagement recruitment processes.

Through partnerships with AI Singapore and local universities under programmes such as the AI Apprenticeship Programme (AIAP(I)), Razer aims to build a sustainable talent pipeline. These collaborations will allow aspiring engineers and data scientists to apply AI to real-world gaming challenges, aligning with Singapore’s national AI strategy.

Also Read: What’s shaping the markets right now: AI hype, Bitcoin’s calm, and the Fed’s next move

“Razer’s global AI Centers of Excellence are a strategic investment in AI gaming. By advancing research, talent, and product innovation, we aim to lead the future of gaming,” said Lee. “Our Singapore centre will be a key driver of this mission, alongside our hubs in Europe and the US.”

The centre will focus on developing AI tools that increase production efficiency, improve game quality, and deepen player engagement. Two flagship products already in development include:

Razer Game Co-AI: A generative AI copilot offering real-time tactical coaching based on player behavior, enhancing gameplay personalization.

QA Companion (QA Co-AI): An automated quality assurance tool that can halve testing times and reduce production costs. Currently in beta with AAA to indie studios, QA Co-AI is expected to launch globally via AWS Marketplace soon.

For Singapore, the initiative bolsters its ambition to become a leading AI innovation hub in Asia.

“Razer’s launch of their AI Centre of Excellence highlights Singapore’s appeal as a location for AI development within digitally advanced sectors,” said Philbert Gomez, Executive Director and Head of Digital Industry Singapore. “It also presents opportunities for talent to build flagship AI gaming products from Singapore.”

With plans to expand globally, Razer’s initiative also signals growing opportunities for startups and studios. The company’s upcoming developer platform WYVRN, spearheaded by its European hub, will unify access to Razer’s AI tools, haptic feedback technologies, RGB lighting systems, and spatial audio features via a single SDK. This integration could significantly streamline game development and open doors for smaller players to create more immersive, cutting-edge games.

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