April 1, 2024 at 09:08PM
Singapore’s Monetary Authority launched “COSMIC” application with major banks to combat money laundering & terrorism financing, being mindful of customer privacy. China-linked cyber espionage targets ASEAN entities. Japan plans to introduce its first domestic passenger jet by 2035, rebounding from the failed SpaceJet project. Google Cloud’s ANZ boss, Alister Dias, departs. Notable regional alliances and deals reported. Chinese commerce minister discusses semiconductor export sanctions with Dutch trade minister.
Key takeaways from the meeting notes are:
1. Singapore’s Monetary Authority launched “COllaborative Sharing of Money Laundering/TF Information & Cases” (COSMIC) in partnership with major banks to combat money laundering and terrorism financing.
2. Chinese advanced persistent groups targeted ASEAN countries and their entities for cyber espionage.
3. Japan is developing its domestic passenger jet by 2035 after Mitsubishi’s failure in producing a regional jet.
4. Google Cloud’s ANZ boss, Alister Dias, announced his departure from the company to focus on family and personal projects.
5. Recent alliances and deals in the APAC region, including FAW Group piloting Alibaba Cloud’s large language model, Huawei Cloud’s AI weather forecasting model adoption, Singtel signing MOUs with Cisco, Fortinet, and Nokia, and collaborations between Alibaba’s fintech arm, Ant Group, and the parent company of AirAsia.
6. Spire Space Services will build and operate two satellites for HANCOM InSpace, and China is nudging the Netherlands over export sanctions for lithography machines used in semiconductor manufacturing.
These takeaways cover important developments in finance, cybersecurity, aviation, technology, and international trade across the Asia-Pacific region.