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Stablecoins could unlock US$6.2T for ASEAN SMEs: Metacomp study

A new report from Metacomp, a Singapore-headquartered digital assets provider, reveals that systemic inefficiencies in global fund flows are creating a staggering US$6.2 trillion opportunity gap, severely hindering the growth and survival of small and medium enterprises (SMEs) across Southeast Asia.

The firm, regulated by the Monetary Authority of Singapore (MAS) and focused on cross-border FX and digital assets infrastructure, published its whitepaper, Cross-Border Payments for SMEs: Voices in ASEAN and the Rise of Stablecoins, which diagnoses critical structural flaws in current settlement systems. Crucially, the study argues that stablecoins have moved beyond marginal status and must now be integrated as essential infrastructure to provide faster, fairer settlement.

Also Read: How stablecoins are quietly reinventing the global dollar system

The findings are set to reshape the dialogue around how tech solutions can address the disadvantages faced by SMEs. These companies play a central role in regional trade but remain excluded from efficient global infrastructure.

The US$6T problem: Costing ASEAN SMEs survival

The whitepaper identifies five key inefficiencies, pointing out that daily global FX trading volumes exceed US$7.5 trillion, yet blockchain-based settlements account for less than five per cent annually. This imbalance defines the US$6.2 trillion opportunity gap where SMEs are systematically excluded from fast settlement rails.

The financial toll on smaller businesses is acute, with delays proving more destructive than explicit fees. Key data points highlight the immediate threat to SME margins:

  • Delay costs erase value: Each day of settlement delay costs SMEs between 0.6 per cent to 2.1 per cent of the transaction value.
  • Revenue collapse: SMEs profiled reported lost contracts and devastating revenue drops of up to 50 per centwhen essential funds failed to arrive on time.
  • Disproportionate fees: Smaller firms routinely pay 15 to 30 per cent in fees on cross-border transactions–a punitive cost when large corporates benefit from negotiated, preferential pricing.

“Every day of delay erodes SME value,” stressed Eddie Hui, Co-President and COO of MetaComp. “This is not about marginal cost savings, it is about survival and growth”.

Stablecoins transition from margin to mainstream finance

The report provides unique insight into how digital payment rails already carry systemic financial implications, noting that stablecoin flows are no longer marginal. These flows can now influence US Treasury yields by 2 to 8 basis points, underscoring their growing importance to global financial markets.

Dr Ben Charoenwong, Associate Professor of Finance at INSEAD, commented on the gravity of the structural disadvantages facing businesses: “SMEs face challenges that go beyond transaction fees. Settlement delays erode working capital, regulatory fragmentation creates uncertainty, and volume-based barriers exclude growing businesses from efficient infrastructure. These structural issues must be addressed if SMEs are to participate fully in global trade”.

The study frames the evolution of cross-border payments in three distinct phases:

  • Stage I (traditional/SWIFT): A USD-centric model with significant settlement delays of two to seven days.
  • Stage II (Web 2.5/today): The current transition phase marked by the emergence of stablecoins and the development of hybrid infrastructure that blends regulatory compliance with blockchain programmability. MetaComp operates within this stage.
  • Stage III (Future/sovereign stablecoins): A future decentralised ecosystem where national stablecoins exchange directly via blockchain, ensuring point-to-point transfers in a multi-polar world while maintaining regulatory oversight.

Adding complexity, scale barriers and fragmented regulatory regimes–such as the varying travel rule thresholds (from €0 in the EU, SGD 1,500 in Singapore, to US$3,000 in the US)–further exclude SMEs from accessing necessary efficient infrastructure.

Closing the gap with hybrid infrastructure

MetaComp maintains that the immediate solution lies in developing a hybrid infrastructure capable of delivering “Stage II” settlement today, while building the foundations for “Stage III”.

Also Read: How stablecoins are disrupting traditional financial systems

To address these inefficiencies, MetaComp has launched StableX. StableX is an institutional-grade cross-border FX and liquidity routing platform designed to bridge digital and traditional finance. It leverages stablecoins and USD to optimise multi-currency conversions and settlements intelligently.

Crucially for SMEs operating in ASEAN, StableX delivers same-day (T+0) settlement across 30 currencies and six major stablecoins.

Tin Pei Ling, Co-President of MetaComp, concluded that reliable infrastructure is key for regional growth: “SMEs remain at the heart of ASEAN’s economies, yet too often they face barriers that slow growth and limit opportunity. What they need is confidence that payments will be fast, compliant, and reliable across borders. At MetaComp, our focus is on closing this gap with solutions such as StableX that combine innovation and regulation to deliver faster, fairer settlement.”

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Circular capital: Inside the closed-loop ecosystem propelling (and distorting) the AI boom

The artificial intelligence sector is experiencing an unprecedented surge, driven by what many observers describe as an arms race among tech giants and startups alike. Major players like Microsoft, Amazon, Nvidia, and Oracle are pouring billions into promising AI ventures such as OpenAI, Anthropic, and Scale AI, creating intricate funding ecosystems that blur the lines between investment and self-serving commerce.

These startups, in turn, funnel much of that capital back into the investors’ own products, including cloud computing services, specialised chips, and data infrastructure. This circular flow of money strengthens the positions of a handful of dominant companies while raising serious questions about competition and the efficient use of resources in a field still in its early stages.

Circular capital loops

This setup resembles a high-stakes poker game where the house always wins, potentially stifling innovation from smaller players and inflating valuations beyond sustainable levels. The industry appears to operate on the belief that AI could evolve into a winner-take-all market, justifying these closed loops as a necessary hedge against being outpaced.

Recent reports indicate OpenAI’s valuation has climbed to around 324 billion dollars, with Anthropic not far behind at 178 billion dollars, figures that underscore the rapid escalation in private market enthusiasm. Scale AI, meanwhile, maintains a valuation near 29 billion dollars, often tied more to projected spending on infrastructure than to immediate revenue streams.

Also Read: Singapore tops global AI hiring charts: One in six jobs now reference AI

Regulatory scrutiny mounts

Regulatory scrutiny is intensifying as these dynamics unfold, with authorities expressing growing alarm over market concentration and potential antitrust issues. Nvidia, commanding over 80 per cent of the AI chip market, faces investigations from the US Department of Justice regarding its acquisition of Run:ai, a move that could further entrench its dominance.

The Financial Stability Board has issued warnings about the systemic risks posed by AI’s heavy reliance on a limited number of infrastructure providers, highlighting vulnerabilities in areas like cybersecurity and model governance that could cascade through the financial system. In my view, these concerns are well-founded, as the concentration of power in a few hands echoes past tech bubbles where over-dependence on key suppliers led to widespread disruptions.

Capital allocation risks

The circular capital loops exacerbate this, as seen in deals where OpenAI commits to massive spending on Oracle’s cloud services following investments from similar tech behemoths. While analysts remain optimistic about AI’s transformative potential in the long term, they caution against short-term returns hampered by regulatory hurdles and inefficient capital allocation.

The risk of overvaluation looms large, with private AI firms’ worth often predicated on future infrastructure expenditures rather than proven profitability, a pattern that could precipitate corrections if growth expectations falter.

Macro market backdrop

Shifting to broader economic indicators, global risk sentiment stays subdued as markets await new developments amid worries ranging from labor market slowdowns to persistent inflation. Investors are closely monitoring upcoming US initial jobless claims data, with estimates around 233,000 following last week’s 231,000, a figure that could sway perceptions of the Federal Reserve’s policy direction.

The Swiss National Bank recently held its policy rate at 0.00 per cent, aligning with expectations and reflecting a cautious approach to monetary easing in the face of stable inflation. Wall Street closed lower on Wednesday, with the Dow Jones Industrial Average down 0.37 per cent at 46,121, the S&P 500 off 0.28 per cent at 6,638, and the Nasdaq declining 0.34 per cent to 22,498, driven by retreats in technology stocks amid valuation concerns.

Also Read: With AI comes huge reputational risks: How businesses can navigate the ChatGPT era

Wall Street and commodities

Treasury yields edged higher, with the 10-year note at 4.147 per cent and the 2-year at 3.604 per cent, signalling mixed expectations for interest rate paths. The US dollar index strengthened by 0.6 per cent to 97.873, while gold prices dipped 0.7 per cent to 3,736 dollars per ounce, pulling back from recent highs as the dollar gained ground. Brent crude rose 2.5 per cent to settle at 69.31 dollars per barrel, buoyed by supply concerns from ongoing geopolitical tensions in Ukraine impacting Russian oil facilities.

Asian equities showed mixed performance, with Chinese markets buoyed by AI and tech optimism, though early trading today indicated continued variability. US equity futures point to a higher open, suggesting some rebound potential. In my opinion, this muted sentiment reflects a market grappling with uncertainty, where AI hype provides sporadic lifts but broader economic signals like job data and yields temper enthusiasm, potentially setting the stage for volatility if inflation proves stickier than anticipated.

Crypto under pressure

Turning to cryptocurrencies, contrary to chatter among some circles that altcoins are outperforming Bitcoin, the data paints a different picture of weakening momentum for alternatives. The CoinMarketCap Altcoin Season Index stands at 68 out of 100, still in altcoin territory but down 4.23 per cent over the past 24 hours from last week’s 77, indicating a cooling trend.

Bitcoin’s dominance has risen to 57.97 per cent, up 0.25 points in the last day, as capital shifts toward the flagship cryptocurrency amid altcoin retreats. Ethereum, a bellwether for the sector, has fallen 11.6 per cent weekly, with Chainlink down 11.2 per cent and Cardano dropping 12.0 per cent, underscoring broader underperformance.

Derivatives markets reinforce this caution, with altcoin funding rates turning negative at -0.00035835 per cent and open interest declining 4.1 per cent in 24 hours, compared to Bitcoin’s more resilient metrics.

Investor takeaway

From my standpoint, this shift signals a risk-off environment in crypto, where Bitcoin’s perceived safety draws inflows during uncertainty, much like gold in traditional markets. Historically, Altcoin Season Index readings dipping below 70 often herald Bitcoin dominance rebounds, and current social discussions around Ethereum’s high fees and upcoming upgrades like Pectra in Q4 2025 add to the drag.

Traders unwinding leveraged positions faster in altcoins than in Bitcoin further erodes confidence in near-term rallies for alternatives, suggesting investors should prioritise Bitcoin amid this rotation.

Overall, the interplay between AI’s frenetic funding cycles, emerging regulatory pressures, subdued macro conditions, and crypto’s Bitcoin-centric tilt illustrates a financial landscape fraught with opportunity and peril.

I believe the AI arms race, while fuelling innovation, risks over-investment that could echo the dot-com era’s excesses if not tempered by competition and oversight. Investors would do well to diversify beyond concentrated bets, monitoring systemic risks and market signals closely to navigate what may prove a pivotal juncture for technology-driven growth.

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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Inside the e27 x IMI Venture Studio roundtable with Southeast Asia’s leading VCs

On April 10, 2025, IMI Venture Studio and e27 hosted an exclusive Venture Capital Roundtable lunch at LeVeL33 in Singapore. The session convened partners and investment leaders from some of the region’s most forward-thinking funds—spanning agnostic, deep-tech, climate-focused, B2B, and growth-stage strategies, all actively investing globally.

Why this collaboration mattered

The venture capital ecosystem in Asia continues to mature, with B2B startups facing unique challenges in fundraising, market entry, and scaling. IMI Venture Studio, committed to building ventures aligned with IMI plc’s long-term strategy in industrial and energy sectors, partnered with e27 to design a roundtable that enabled frank, peer-level discussions among active investors.

The session addressed pressing questions for both founders and investors: How can B2B startups grow capital-efficiently? What defines a strong founder-market fit? And what role do strategic partnerships play in scaling ventures sustainably?

Key themes that emerged

The closed-door exchange surfaced rich insights, including:

  • The importance of capital-efficient growth models in navigating competitive funding environments.
  • Identifying founder qualities that inspire investor confidence and resilience.
  • Adapting to evolving market trends and aligning with industrial and energy innovation opportunities.
  • Leveraging strategic partnerships to accelerate sustainable scale.

Together, these discussions highlighted not only what makes a B2B startup investable but also how VCs evaluate long-term growth potential.

The e27 x IMI approach

e27 and IMI Venture Studio worked hand-in-hand to design the agenda, secure a diverse mix of participants, and ensure the conversation reflected the realities of today’s VC landscape. The result was a seamless, high-impact roundtable that connected global investment perspectives with IMI’s venture-building vision.

As Michelle W. of IMI Venture Studio shared: “The e27 team quickly understood our goals, guided us from strategy to execution, and delivered a seamless, high-impact roundtable with top-tier VC leaders. Their professionalism, foresight, and ability to create meaningful dialogue made for a successful session. We’re grateful for the collaboration and look forward to working together again.”

A powerful gathering of investors

We were proud to welcome investment leaders from: Adaptive Capital Partners, BEENEXT, Cocoon Capital, Eurazeo, Gobi Partners, iGlobe Partners, Insignia Ventures Partners, Tembusu Partners, Purpose Venture Capital, Qualgro Partners, Rakuten Capital, The Radical Fund, Tin Men Capital, Vickers Venture Partners, and TRIREC.

This collaboration showcased how ecosystem partnerships spark meaningful exchange. By combining IMI Venture Studio’s focus on long-term venture building with e27’s ability to convene the region’s most respected investors, the roundtable created a platform for honest conversations that strengthen Southeast Asia’s innovation landscape.

Interested in creating impact with us? Contact Innovate here.

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The e27 team produced this article

We can share your story at e27 too! Engage the Southeast Asian tech ecosystem by bringing your story to the world. You can reach out to us here to get started.

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Ramadan Ready for SMBs: TikTok for Business partners with e27 in Kuala Lumpur

On January 16, 2025, TikTok for Business and e27 hosted the highly anticipated Ramadan Ready for SMBs: Elevate Your Brand’s Story on TikTok at Hotel Maya in Kuala Lumpur. More than 400 business owners, marketers, and advertisers came together for a day of insights, practical workshops, and networking, all designed to help small and medium-sized businesses make the most of one of the most important cultural moments in Southeast Asia.

Why this collaboration mattered

For SMBs, Ramadan is more than just a sales season—it’s a cultural and community moment that shapes consumer behavior. By understanding how audiences engage during Ramadan and Hari Raya, businesses can create more authentic connections that drive impact well beyond the festive period.

TikTok for Business, known for enabling creativity and community-driven marketing, partnered with e27 to create an immersive experience that combined data-driven insights with hands-on learning opportunities. Together, we designed an event where SMBs could discover how to tell stories that resonate, leverage TikTok’s ad solutions, and optimize campaigns across every phase of Ramadan.

Key themes that emerged

The day’s program featured TikTok SMB Account Managers Michelle Lau and Eric Chen, who shared strategies for using TikTok’s innovative ad formats to craft authentic, engaging campaigns. Real-world case studies demonstrated how brands boosted awareness, engagement, and sales during Ramadan through TikTok’s ecosystem.

A highlight of the event was the panel discussion with Nestlé and Applecrumby, where speakers emphasized how aligning brand messaging with values such as reflection, generosity, and community strengthens audience connection. Panelists also highlighted the growing importance of short-form, visually compelling content and the role of influencer collaborations in fostering trust and engagement.

Workshops further equipped attendees with practical knowledge on campaign optimization and success measurement, ensuring participants left with actionable tools to implement immediately.

The e27 x TikTok approach

e27 partnered with TikTok for Business to ensure the event achieved both scale and impact. From planning through execution, the focus was on creating a seamless attendee experience that maximized participation and engagement.

TikTok’s Daniel R. commended the collaboration, noting that the event was flawlessly organized and showcased exceptional project management. From meticulous planning to seamless execution, every detail was handled professionally and efficiently. He highlighted the e27 team’s role in ensuring high attendance through timely and effective reminders, which significantly contributed to the event’s success. The experience, he emphasized, reflected the professionalism, proactivity, and capability of the team throughout the partnership.

This collaboration demonstrated how thoughtful planning and community outreach can transform a corporate event into a vibrant platform for learning and connection.

Looking ahead

The success of Ramadan Ready for SMBs underscored TikTok for Business’s commitment to empowering SMBs with tools to thrive during high-impact seasons, and highlighted e27’s role in enabling knowledge exchange across Southeast Asia’s innovation ecosystem.

As brands prepare their 2025 Ramadan campaigns, the insights from this event will continue to guide them in creating authentic, resonant, and results-driven strategies on TikTok.

Interested in creating impact with us? Contact Innovate here.

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The e27 team produced this article

We can share your story at e27 too! Engage the Southeast Asian tech ecosystem by bringing your story to the world. You can reach out to us here to get started.

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Funding challenges and strategies for B2B tech in 2025

Today’s investors aren’t just cautious; they’re forensic. Where due diligence once took two months, it now routinely takes six. Limited partners (LPs) are pausing, opting for safe fixed-income returns over higher-risk bets. Add the geopolitical overlay—wars, tariffs, and strategic tech decoupling—and you get a global investment climate defined by hesitation.

At Salamander Advisory, we work closely with B2B tech startups trying to scale in this environment. What we’re seeing is both sobering and hopeful. The startups that survive, even thrive, are doing so because they’re adapting fast. They’re running lean. They’re managing their cash flow with rigour and building investor-ready documentation well in advance of need.

The new pitch room reality

The shift has also changed the pitch room dynamic. Investors are asking tougher questions earlier. “What problem are you solving?” is still the first ask, but they now expect a clear, urgent market need, not a hypothetical one. Repeat founders (those with prior exits or failures) are favoured.

Startups with vague GTM plans or flimsy financials? They don’t make it past slide three. Even early-stage investors now want to see realistic unit economics, proof of customer intent, and a credible path to revenue within 18 to 24 months. The era of funding on vision alone is over.

Also Read: Funding the future: Why purpose-driven investing is the only smart bet

Geopolitics as a gatekeeper

There’s also a new wrinkle: geopolitics now shapes investment strategy.

Founders are quietly learning that taking money from one region can lock them out of others. For example, Chinese capital might raise eyebrows for startups hoping to expand into the US. This is forcing founders to pick a lane far earlier than they used to. The savvier ones are seeking regional investors with cross-border networks, effectively using capital not just as cash but as a passport to new markets.

Innovation under pressure

Despite all this, innovation in the region isn’t slowing. If anything, it’s maturing. Today, we’re seeing true grassroots innovation in Southeast Asia, not just adaptations of Western models. Startups need to strike a balance between creativity and operational discipline, financial governance, and a narrative that they can effectively convey in 12 slides or less.

Ready from day one

Funding is still possible in 2025, but investors prioritise startups that show they’re ready to operate with the maturity of a scale-up from day one. Those who prepare early, stay disciplined, and align with the right partners will continue to find opportunities even in a cautious climate. In many ways, this moment is less about scarcity of capital and more about clarity of execution.

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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AI integration field notes for tech startups and scale-ups: Software engineering, product, and beyond

You don’t need “AI” in your product name. Soon it’ll be the default anyway. The real edge is integrating it across your business. But only where it has real value. Please don’t be driven by fear of missing out. We’re all still figuring things out.

AI’s impact on operations got real, fast. As tools matured, the world around us shifted, so we adapted. High-performing lean teams became cool again after a phase of seemingly endless venture capital, headcount inflation and talent wars.

Yes, there’s a lot of hype, and the full potential isn’t realised yet. I saw a similar cycle with data mining and especially blockchain, which I still practice and teach, focusing on cases where blockchain doesn’t make any sense.

That said, real benefits are already here (along with a lot of wasted money and computing power). I’m also very aware of the open questions: long-term maintainability, information security, IP (intellectual property) handling, risk tolerance for large enterprises vs startups and scale-ups, and ensuring that people don’t skip learning fundamental skills when using these tools.

One thing is clear: code is cheaper (at least when it comes to non-critical systems). The spotlight in software engineering moves to solution design, systems integration, security, quality assurance, and cost optimisation.

Humans focus on system design, architecture, security, QA (quality assurance), and cross-domain decisions. Our virtual colleagues handle drafts, cookiecutter templates (starter code), analysis, and routine checks.

Below are practical use cases for startups and scale-ups, from software engineering and product to beyond. I use 👍 for positive outcomes, 👍👎 for mixed results, and 👎 for negative outcomes.

Product

  • Product specs (and tickets) 👍

When your colleague drops a semi-structured idea in Slack, it’s now easy to turn it into a proper product specification with an LLM (large language model, an AI trained to understand and generate human-like text) and a few clarifying questions. Product owners no longer have to heroically translate someone’s shower thoughts into something tangible.

You can also request a business analysis, and your AI companion will outline tasks with rough estimates as a bonus. Some tools even auto-generate a basic demo. These days, it’s often faster to vibe-code (quickly hack something together) than to create clickable mocks.

  • Rapid prototyping 👍

Feature ideas, internal automations, presales demos, and so on. You can go from idea to demo in no time, regardless of the foundation model (base AI model, like OpenAI, Claude, Llama, Qwen, DeepSeek, Grok, Mistral, and others). As of now, that prototype is inherently insecure, but let’s save that chat for another time.

Also Read: The rise of agentic AI: What CFOs and Founders need to know

Software Engineering

  • Coding co-pilots 👍

Massive speed-up, if your team has strong fundamentals. As with any abstraction, juniors should still know where the efficiency comes from and what’s happening under the hood.

  • Code reviews 👍👎

Great as a complement, not a replacement for humans. We’re not yet at the AI maturity level where one AI can reliably review another.

AI excels at enforcing conventions, spotting duplicate logic, and automating routine validations within a single PR (pull request, a way to propose changes to shared code so others can review and approve them). Humans focus on system design, architectural trade-offs, legacy compatibility, and understanding components beyond a single code repository.

Any form of memory or reinforcement-learning-like feedback loop (training the system by trial and error) can boost review quality and filter noisy comments.

  • Systems design 👍👎

Systems design goes far beyond code. It’s about the entire architecture. No matter your context window (the amount of text an AI can “keep in mind” at once when responding), the number of integrations with external knowledge-base resources, or the model’s reasoning capabilities, humans still have to put the puzzle together and make the final call.

  • Technical docs 👍

LLMs can make technical documentation easier to understand and streamline third-party integrations by interpreting them in the context of your platform.

  • Generating frontends 👍

Vibe-coding internal frontend interfaces (like back-office admin tools) is a great use case for LLMs. Always keep an experienced human in the loop for scalability, solid API checks (making sure systems talk to each other correctly), and an information security review before anything goes live to customers.

Long-term maintainability is still TBD. We’ll learn as we go, and as our tools evolve.

  • Scalability 👍👎

As mentioned several times above, the long-term maintenance, stability, resilience, and security of solutions co-piloted by LLM-based agents remain open questions. We have anecdotal evidence suggesting that debugging and refactoring AI-generated code can be quite daunting, and that AI is not yet able to maintain the codebase itself with minimal human intervention. The seniority and domain expertise of the person guiding the AI matter greatly and are clearly reflected in code quality.

Will AI truly support reliable long-term maintenance and consistent quality, or will we eventually find ourselves discarding large portions once AI-generated code dominates? Time will tell.

Also Read: How can Malaysia leverage AI for growth and not see it as a threat?

Technology domains

  • Ad-hoc data analysis (chat window) 👍

Since multimodal (capable of handling both text and multimedia) chatbots can spin up, for example, a Python interpreter (Python is a widely used programming language) to perform simple calculations, you should definitely provide non-technical teammates with a self-service environment for getting data insights so that engineers can focus on more complex problems. This approach works especially well for spreadsheet-like data and simple data analysis or business intelligence tasks.

  • AI + databases (APIs, middleware, and RAGs) 👍👎

Given the costs of building and maintaining AI tools that connect to databases through APIs and middleware components (software that lets different systems talk to each other) within a Retrieval-Augmented Generation workflow (a method where AI first looks up facts in its knowledge sources before generating an answer), it’s still too early to know whether they will deliver a positive return on investment. But the vision is exciting. Non-technical users can get insights without having to ask the Business Intelligence, Data Analytics, and Data Engineering teams to tweak the pipelines or build custom dashboards.

Be mindful of hallucinations (confident but wrong answers). Use hardcoded SQL queries for the most common inquiries, post-query validation (double-checking results), well-tuned prompts, and safe fallbacks like “We don’t have that info in our database.”

  • Data management 👍

Give LLMs your schema (the structure of your database tables), API specs (a description of how your software component interacts with others), and historical requests and responses. You’ll save yourself a lot of time when enriching your data, generating mock data for quality assurance, turning unstructured data into structured data, and detecting and fixing data quality issues.

  • QA (quality assurance) testing 👍👎

AI is great for generating automated tests, including unit, regression, load, malformed-input, unhappy-path (failure-case), and basic security checks.

As of now, human QA testers do a better job at identifying edge cases, system integration issues (including end-to-end testing), UI/UX problems (such as compatibility and usability), and runtime errors (problems that occur while the program is running).

Looking ahead, a promising direction is to integrate LLMs into the CI/CD pipelines (automated build, test, and deployment processes) to catch runtime errors automatically.

  • Internal technical support 👍

Basic “Google it” or “Ask ChatGPT”-style guidance works even without perfect documentation. It’s a solid first line of support before a human steps in.

  • External technical support 👍👎

External support always requires a human in the loop and depends heavily on documentation quality (garbage in, garbage out). When reusing past answers, ensure any sensitive client-specific data is removed from training or tuning sets.

  • Information security compliance 👍

Auto-draft responses to vendor questionnaires based on your policies. Have humans review and tweak them instead of doing repetitive manual work. LLMs can also help consolidate and suggest improvements to your information security policies.

  • Information security execution 👍👎

LLMs and AI agents can digest logs and alerts, summarise insights, assist with incident reports, and translate natural language into configurations. However, don’t give them full access to live systems or allow autonomous actions in production. An internal LLM can easily become the weakest link in your stack, as it may be tricked into leaking data or performing unintended actions (current LLM safeguards are far behind those of any other components in your technical infrastructure).

Also Read: Is the future of AI decentralised? Cloud computing holds the key

Business domains

  • Contract management 👍👎

Map vendors, extract service-level agreements, detect risks, track renewals and deadlines, ensure compliance. As with any fact-checking, combine LLM outputs with classic entity recognition (identifying names, dates, and amounts, etc.) to cross-check factual correctness and maintain strong manual controls

  • Educational content (incl. edutainment) 👍

Use your virtual colleagues to create ELI5 (Explain Like I’m 5) explanations of technology for non-technical audiences or finance topics for non-business audiences. Create fun and insightful quizzes to make your employee training documents more digestible.

I’m sure you already have more ideas. Educational use cases are where LLMs shine.

  • Daily productivity 👍

This is a no-brainer. Note-taking, email catch-ups, integrations with your messaging tools, document processing, initial desk research, troubleshooting, and more. You’re probably already using LLMs this way in both your personal and professional life.

  • Digital twin (AI avatar of you) 👎

It’s tempting, setup costs are falling and latency is improving. But your virtual AI clone still typically struggles with complex conversations and tasks (especially if you avoid giving it sensitive data, which limits its adaptability). It may also make people uncomfortable, particularly when you lend your digital twin your voice and face, as is the case with some of the more advanced tools.

  • Content creation (and marketing) 👍

Polish and expand drafts, beat writer’s block, turn notes into case studies, blogs, videos, podcasts, for both tech and non-tech audience.

Just make sure to put plenty of yourself and your original thoughts into it so humanity isn’t endlessly rehashing public internet content. Most people can still tell when something is entirely AI-generated, although this might change in the near future.

  • B2B lead generation (and B2B sales) 👎

B2B (business-to-business) sales remains an art. If you’re B2C (business-to-consumer) or have shorter sales cycles, your mileage may vary. We’ve seen some cringe and spammy behaviours, more unsolicited emails and LinkedIn pings.

In an ideal world, customers talk more than salespeople (virtual or human). Maybe one day chatbots will handle both sides until a human needs to step in. We’re not there yet.

Also Read: The digital lag: How traditional consulting is failing to grasp the agentic AI revolution

Tooling

These tools cover ~80 per cent of our use cases, and they’ll work just fine for you if you’re not sure where to start.

  • CustomGPTs and the OpenAI API for RAGs
  • Gemini or Copilot (depending on whether you’re integrated with Google’s or Microsoft’s ecosystem)
  • GitHub Copilot, Cursor, and Claude Code (AI companions for your software engineers)
  • Hugging Face (great for experimenting with various models)
  • Perplexity and ChatGPT apps (a daily productivity boost)

And here’s the extended list. Fingers crossed it doesn’t become outdated overnight.

Foundation models

Development Deployment Automation Voice Image, video Apps
GPT, OpenAI GitHub Copilot Hugging Face
n8n ElevenLabs
Midjourney MS Copilot
Gemini, Google Cursor LangChain Make Murf AI
Google Veo 3
Perplexity
LLaMA, Meta Replit LlamaIndex Zapier Kling AI
(kling.ai)
 
DeepSeek Claude Code Ollama Crew AI Runway  
Claude, Anthropic AWS AutoGen
Grok, xAI Google Cloud    
Qwen, Alibaba Microsoft Azure
 
Mistral

 

Outro

Personally, I’m extremely excited about this whole domain. I believe not only startups and scale-ups can benefit big-time from integrating AI into software engineering, product, and beyond. This skill is also necessary to future-proof companies and individuals.

At the same time, I’d like to leave you with the following thoughts.

  • Maintainability is unproven: We can’t review code faster than AI generates it, and AI still needs human reviewers. Information security is at stake here. Having one AI review another without oversight is risky.
  • AI is great for building internal tools: I can strongly recommend AI for back-office apps, provided your APIs have robust validation. Customer-facing features are harder because making them secure and reliable is tricky. (Opinions will vary on this, and AI is improving. My view is that, as of now, LLM-based tools are inherently insecure.)
  • Humans matter more, not less: As systems get smarter and more automated, people become more essential for troubleshooting. But staying sharp is harder when you’re less involved, less hands-on. (Someone called this the paradox of automation.)
  • Go step by step with agentic AI: You’ve probably read about it and you’re already excited about having it, but it’s yet another layer of abstraction on top of potentially shaky layers in your specific environment. Meet prerequisites first. First and foremost, your database layer and documentation need to be ready for AI. And only then ask yourself whether AI makes sense for the use case at hand. 

Also Read: From promise to payoff: AI’s test amid global trade tensions

Bottom line

As I’ve mentioned elsewhere, when building products, stay focused on customer and business value, with requirements driving technology rather than chasing tech for tech’s sake.

Use AI, LLMs, and multi-modal agents first for rapid prototyping, and then as one option (at times complementary) among many. Once you know what you want, your engineers will choose the right tool for the job, possibly an off-the-shelf non-AI solution or a piece of code. That helps you achieve your goals in a secure, scalable, and cost-effective way, rather than treating your ChatGPT chat window or OpenAI API key as a catch-all solution.

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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EV adoption in the Philippines gains momentum, but challenges in financing and technicalities remain

The Philippines is at a critical juncture in its transition to cleaner transport. With climate goals pressing and global electrification trends accelerating, the country’s adoption of electric vehicles (EVs) has gained momentum but still faces significant challenges. Dr Jose Bienvenido Manuel M. Biona, Executive Director of the Electric Vehicle Association of the Philippines (EVAP), shared his insights on EVs’ barriers, opportunities, and future in the Philippines.

The obstacles vary across different segments of the market. For public transport, financing remains the most pressing issue. “Adoption of electric vehicles in the public transport sector is mostly limited by access to financing,” Biona said in an email interview with e27.

Public transport is mainly private and operated by low-income and informal groups, making integrating electrification with broader sector reforms challenging.

Meanwhile, logistics, corporate fleets, and households face challenges due to limited charging infrastructure and a lack of familiarity with the technology. Despite tariff and excise tax exemptions, high upfront costs continue to deter consumers.

“It could be said that with the tariff and excise tax exemptions, it is already nearing cost parity with conventional vehicles except for e-motorcycles and e-trucks, which remain quite more expensive,” Biona noted.

Other hurdles include expensive electricity — the Philippines has the second-highest power rates in Asia — and the influx of second-hand imported trucks, which weakens the business case for new electric trucks. In addition, misinformation about EV safety, reliability, and climate impact hampers public confidence.

Also Read: SGX tightens climate reporting rules, expands green products as sustainable finance demand grows

Solutions on the horizon

Despite these challenges, opportunities are emerging to accelerate the sector’s growth. One key measure is battery leasing, which lowers operators’ upfront costs. “Battery leasing services should significantly reduce the upfront cost of vehicles, greatly pushing their market attractiveness,” explained Biona, who recently participated in the 3rd ASEAN Battery Technology Conference in Phuket, Thailand.

While such services exist in limited form today, scaling them could reshape adoption.

Green loans and climate finance initiatives also hold promise, particularly for public transport providers. The logistics and corporate sectors may benefit from mandates under the Energy Efficiency and Conservation Law, which compels companies to cut energy use. Biona argued that including electrification mandates for trucks and commercial vehicles under this framework could further drive adoption.

Dr. Jose Bienvenido Manuel M. Biona

Policy developments are also helping. New fuel economy labelling and potential standards could limit second-hand imports, paving the way for electrification. Meanwhile, the Department of Energy recently exempted power for EV charging stations from VAT when sourced through the green energy option programme, helping to offset high electricity prices.

Still, progress is not guaranteed. Biona warned that “the main threat to the electrification efforts is coming from some segments in the automotive industry which seek to slow down BEV and PHEV adoption.”

With strong lobbying power, these groups can influence government decisions and stall momentum.

Also Read: Soil, smoke, and solutions: Farming meets climate action

Additionally, many financing schemes depend on multilateral loans. While repayment may not be an issue, rising government debt has made officials cautious, potentially delaying access to much-needed capital.

Battery technology is advancing rapidly globally, but local innovation in the Philippines has focused on integrating the Internet of Things (IoT) and intelligence into battery packs and vehicles. According to Biona, this enables “innovative business models which were not possible previously” and may ease adoption in specific markets.

Legislatively, the country has made significant progress. “The first major milestone was the signing into law of the Electric Vehicle Industry Development Act, which greatly boosted EV adoption in the past three years,” Biona said, adding that this created a framework for coordination among government agencies.

Further, the long-awaited Electric Vehicle Incentive Strategy will be announced this year. It promises generous investment support, subsidies, and tax breaks — incentives that could attract battery and EV manufacturing to the Philippines.

The road ahead

The future of EVs in the Philippines hinges on aligning financing, infrastructure and policy while countering misinformation and industry pushback. The economic case for EVs is strengthening, particularly as incentives bring them closer to cost parity with petrol vehicles. Yet, high power costs and fragmented adoption remain barriers.

Also Read: Zijian Khor on climate, policy, and the power of geopolitical awareness

For Biona, the momentum is clear: EVs are not just a climate necessity but a chance to modernise public transport, improve logistics and spur local manufacturing. The path forward may be uneven, but with the right mix of policy, finance and innovation, the Philippines can charge ahead.

Image Credit: Hannah Sibayan on Unsplash

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Professionalised crypto crime: 2025 becomes third-worst year on record

Nine months into 2025, the cryptocurrency landscape has proven to be one of the most perilous on record, characterised by a worrying paradox: while the volume of attacks has plummeted, the financial damage caused by criminals and hackers has soared.

According to recent data, illicit activities in 2025 have already caused more economic damage than the totals recorded in 2023 or 2024.

Also Read: Crypto-security race: Sysdig believes real-time visibility is non-negotiable

CryptoPresales.com reports that the number of crypto scams and thefts halved in 2025, yet total losses climbed to US$2.34 billion. This unprecedented loss figure is 35 per cent higher than the total recorded in 2024.

The paradox of professionalised crime

The stark trend suggests that crypto scams are becoming fewer in number but significantly more sophisticated and larger in scale.

Despite improved blockchain tracking tools and tightened regulatory rules, crypto crime is climbing again, following a sharp drop in 2023 and a flat performance in 2024. In just nine months, the US$2.34 billion stolen marks a 35 per cent increase compared to the combined losses of 2023 and 2024, cementing 2025 as the third-worst year for this type of crime ever recorded. Only 2021 (US$2.73 billion) and 2022 (US$3.54 billion) saw more money drained from the crypto ecosystem.

This massive theft total was achieved in only half the number of scams. The data indicates that criminals are executing fewer but bigger and more professional hits, often specifically targeting decentralised finance (DeFi) protocols, centralised platforms, or major investor pools.

The US$1.46B catalyst: A single record heist

The sheer scale of 2025’s losses is primarily attributable to a few massive breaches, demonstrating the vulnerability of major financial hubs.

Since the start of the year, only 83 reported cases have occurred, 2.2 times less than the total figure for 2024 and the lowest recorded figure since 2020. However, a single, successful attack dramatically boosted the total to US$2.34 billion.

Nearly 60 per cent of the entire year-to-date value was stolen in just one major incident. In February, the Dubai-based centralised exchange Bybit was struck by an attack that stole a record-breaking US$1.46 billion from its Ethereum (ETH) cold wallets. This attack is now the largest crypto crime on record. It is rumoured to have been carried out by North Korea’s Lazarus Group.

For context, in 2024, criminals stole US$1.74 billion across 187 crypto heists. In 2023, while the total stolen amount was the same (US$1.74 billion), it was achieved across 283 heists—the highest number recorded to date.

Cumulative theft exceeds US$15B

With US$2.34 billion stolen year-to-date in 2025, cumulative crypto theft has reached staggering heights.

Statistics indicate that crypto criminals have accumulated an eye-watering US$15.1 billion across 1,102 reported heists. Furthermore, nearly 80 per cent of all these losses, amounting to approximately US$12.1 billion, have occurred within the last five years.

Also Read: Singapore hit by 6.4M cyberattacks in 2024 as AI supercharges threats

In a hypothetical scenario, if hackers had retained all the stolen cryptocurrencies and cashed them out at today’s prices, they would possess a fortune worth US$53.1 billion.

According to a Chainalysis report, projections indicate that stolen funds from services could eclipse US$4 billion by the year’s end if current trajectories persist.

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Singapore tops global AI hiring charts: One in six jobs now reference AI

Singapore has solidified its position as a global artificial intelligence (AI) hub, according to new hiring data from Indeed. In August, the country recorded the world’s highest proportion of job postings referencing AI.

This unprecedented adoption rate sees roughly one in six local job postings, including direct references to machine learning, generative AI, and agentic AI tools.

Also Read: How AI and automation are shaping the future of work

The rapid adoption reflects the island nation’s status as a premier tech hub within the Asia Pacific region, driven by the relative size of its technology sector.

Callam Pickering, Indeed’s APAC Senior Economist, stated: “We can see that the adoption of AI technologies continues to be rapid throughout Singapore, with one-in-six job postings mentioning these tools in August.”

He noted that usage is becoming more broad-based, with the share of AI postings exceeding 10 per cent in approximately half of all occupations during the month.

Sectoral deep dive: Where AI mentions dominate

The distribution of AI references highlights intense focus areas within the Singaporean economy. Roles in data & analytics led the adoption charge, featuring AI mentions in 57 per cent of postings. This was closely followed by roles in software development (39 per cent), scientific research (35 per cent), and industrial engineering (33 per cent).

However, this high adoption rate and signs of market normalisation exist in the underlying tech sector. While AI is increasingly featured, hiring for IT infrastructure, operations & support dropped by 17.6 per cent in the past three months, and postings for data and analytics decreased by 15.9 per cent during the same period. This suggests that while companies are integrating AI rapidly, the explosive post-pandemic tech hiring boom is correcting.

Resilience amid normalisation

Despite the slowdown in tech hiring, the overall decline in Singapore’s job market showed significant moderation in August. Job postings continued to fall, but the pace eased considerably, registering a drop of just 1.3 per cent. This decline was roughly one-third of the steeper 4.8 per cent drop observed in July, signalling a modest recovery in overall hiring activity.

While the volume of job postings is 16.2 per cent lower than the same time a year prior, the local job market demonstrates underlying resilience. Indeed data shows that the overall volume of opportunities remains 35 per cent above the pre-pandemic baseline established in February 2020. Furthermore, 92 per cent of all occupations still maintain posting levels above their respective pre-pandemic figures.

Pickering commented on the market dynamics, stating: “The post-pandemic job boom in Singapore was so large that even with three years of falling postings, job creation is strong enough to keep unemployment low. August’s figures show that while hiring demand is normalising, the overall volume of opportunities continues to reflect a healthy, resilient labour market.”

The essential services surge

While the tech sector adjusts, demand for certain essential services and care roles has increased sharply over the past three months.

Job postings in food preparation and service led this surge with a 10.7 per cent spike. Other non-tech sectors also recorded strong growth: legal roles rose by 8.8 per cent, personal care & home health increased by 8.1 per cent, and cleaning & sanitation saw a 6.6 per cent rise in postings.

Also Read: AI and automation in Southeast Asia: Which jobs are at risk and which will thrive?

Conversely, significant declines were reported in specific care and specialist fields, including childcare (a substantial 46.5 per cent drop), veterinary roles (down 27.7 per cent), and dental opportunities (falling by 24.9 per cent).

Concluding his outlook, Pickering warned that although job creation is currently strong enough to maintain a low unemployment rate, “if job postings don’t begin to stabilise soon then further declines could lead to softer labour market conditions going forward.”

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What Echelon Philippines taught me about building real moats in 2025

Optimism was loud in Manila, but the corridor chats revealed what founders, funds, and operators must fix next if momentum is going to translate into durable outcomes.

Manila was buzzing. Echelon Philippines 2025 felt like the ecosystem gathering for a status check — founders comparing scars, investors calibrating theses, operators trading what actually works. I’ve built across Southeast Asia for over a decade (including an early chapter in the Philippines), and this trip felt different: Less “pitch theatre”, more “show me the workflow”. That’s a good thing.

Below is the candid version of what I heard on and off stage — the good, the bad, the ugly — and the build: Practical moves teams can ship on Monday.

The good: Speed, hunger, and a wider circle of builders

  • Operator energy over optics. Conversations tilted from “raising” to unit economics, funnel discipline, and hiring for the next 12 months. The strongest teams ran lean, instrumented funnels, and had crisp answers to: What breaks at 3×? What breaks at 10×?
  • Cross-pollination is real. Manila isn’t building in a vacuum. Founders are cross-learning with Singapore, Jakarta, KL, and Ho Chi Minh City — borrowing playbooks, sharing mistakes, even co-selling. Markets differ; operational primitives rhyme.
  • Enablers are levelling up. Incubators and founder networks were visible and useful. One example: Brainsparks, whose founder-first ethos (mentoring, coaching, pragmatic incubation) showed up in the quality of questions: “What’s the minimum process that unlocks the next milestone?” Not “How do I look investable?” That posture compounds.

Also Read: Exhibit smart, spend lean: Your Start Up Booth at Echelon 2026

The bad: Fragile backends and narrative debt

  • “Automation later” thinking. Too many teams treat automation as a nice-to-have once growth arrives. Reality: If CRM hygiene and lifecycle messaging aren’t instrumented at the seed/angel stage, CAC balloons when you step on paid. You don’t need an enterprise stack — just one you will maintain.
  • Narrative debt. Beautiful one-liners are undermined when product and pricing say otherwise. Rewrite promises in terms of current capabilities and a near-term roadmap. Credibility is an asset; don’t mortgage it.
  • Talent is spread too thin. Multi-hyphenates are common, but diffusion kills excellence. Early teams need focus with force. If everyone is “part-time PMM + part-time growth + part-time product,” nobody owns the critical metric.

The ugly: AI theatre, data spaghetti, and founder burnout

  • AI theatre. “Agents” on top of leaky workflows are expensive theatre. The question isn’t “Do you use AI?” — it’s “Can a new teammate repeat your process tomorrow with the same quality?” If humans can’t, AI won’t. Codify first; automate second.
  • Data spaghetti. Disconnected landing pages, orphaned forms, zombie lists, and a retargeting bill that makes everyone nervous. Pick one funnel spine, one CRM of record, and a primary messaging channel. Everything else is an integration, not a parallel universe.
  • Burnout disguised as hustle. The grind is romanticised until a key decision gets made at 3am and costs a quarter. Teams that last are boringly consistent: Weekly metrics, written decisions, recovery in the calendar. Burnout isn’t a badge; it’s a bug.

Also Read: Echelon Singapore 2025: 10 powerful sessions now available to stream

So, what now? A practical build for PH founders (and frankly, anyone)

  • Codify before you “AI”. Write the workflow — lead capture → qualification → demo → close → onboarding → success for each stage: Input, definition of done, owner, and SLA. Add AI once the process is explicit.
  • One spine, many ribs. Choose one system as your spine (CRM/marketing automation). Every page, form, and message connects to it. Add ribs — analytics, billing, support – deliberately.
  • Tight loops over long plans. Replace quarterly big ideas with two-week operating loops: Ship a test (offer/pricing page/webinar/outbound list), then instrument, review, keep what compounds, kill what doesn’t.
  • Guardrail the story. Positioning = promise × proof. Keep both current. If the product doesn’t yet do X, don’t imply it. If you have proof, surface it above the fold: Retention, cohort revenue, case studies, or what failed and how you fixed it.
  • Community as distribution. Treat the community as pre-and post-sales infrastructure where you educate, qualify, and retain. Partner with credible locals (e.g., Brainsparks or vertical guilds) and show up with useful specificity — teach the spreadsheet, not the slogan.

What Echelon got right (and where to go further)

  • Right: The agenda leaned into operator-level talks. Panels moved beyond “AI will change everything” to “Here’s what we automated; here’s what stays manual; here’s the ROI.” That honesty drives real progress.
  • Room to grow: An explicit Failure Track — short, surgical post-mortems from teams who tried, measured, and pivoted — would accelerate regional learning and normalise documented failure.

A personal note on the Philippines

A decade ago, I was the scrappy founder in Manila, shipping experiments and learning the hard way. Coming back as a speaker is surreal, but the emotion underneath is simple: This market is capable of world-class outcomes when ambition meets boring excellence.

The next chapter won’t be written by the loudest booth or flashiest deck; it’ll belong to teams who can answer, calmly and repeatedly: “What did we ship this week that moved the metric?”

That’s the work. And it’s enough.

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.

Enjoyed this read? Don’t miss out on the next insight. Join our WhatsApp channel for real-time drops.

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