Chinese chip foundry CanSemi’s IPO oversubscribed 2,360 times as investors chase AI boom

South China Morning Post - Sep 28, 2026

Chinese chip foundry CanSemi Technology’s Shenzhen initial public offering (IPO) is emerging as one of mainland China’s most sought-after tech listings this year, as investors bet on its push into silicon photonics and its role in domestic artificial intelligence infrastructure. The Guangzhou-based company’s retail tranche was oversubscribed by more than 2,300 times after clawback, according to a stock exchange filing late on Sunday, as investors scrambled for a piece of the domestic...

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US President Donald Trump’s recent endorsement of a trade corridor connecting India to Europe via the Middle East has renewed focus on the three-year-old project, but analysts warn it must expand to withstand ongoing geopolitical conflicts. The India-Middle East-Europe Economic Corridor (IMEC) was first unveiled at the G20 summit in 2023 as an alternative to existing routes and China’s Belt and Road Initiative. Backed by India, the United States, Saudi Arabia, the United Arab Emirates, Israel...

Philippine coastguard battles funding cuts amid bigger South China Sea role
Sep 29, 2026
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The Philippines is preparing to give its coastguard more responsibilities in the contested South China Sea even as the agency faces a more basic problem: whether it has enough ships, aircraft and personnel to carry them out. The proposed overhaul comes as the coastguard is being stretched by increasingly demanding operations around Philippine-claimed waters, while funding constraints threaten to limit its ability to keep its existing assets at sea. That tension is evident in the 2027 budget. The...

Man charged over AI image of crocodile at Singapore reservoir that led to search
Sep 29, 2026
Man charged over AI image of crocodile at Singapore reservoir that led to search

A 30-year-old man was charged on Tuesday over an AI-generated image of a crocodile at Pandan Reservoir in Singapore that prompted authorities to search for the reptile and suspend water activities there. Ye Lin, a Myanmar national, was handed two charges – one count of communicating a false message and one count of obstructing the course of justice. Speaking through an interpreter, he told the court that he intended to plead guilty, and would not be engaging a lawyer. On August 20, Ye Lin...

Singapore or bust: how Indonesian student’s crowdfunding plea shows degree of desirability
Sep 29, 2026
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For 28-year-old Indonesian professional Evelyn Clarissa Siregar, asking strangers to help fund her MBA in Singapore was a gamble: she knew the request was unconventional but hoped putting her dream out in public might open a door. Instead, her appeal for more than S$100,000 (US$78,000) to fund her business programme at Singapore Management University (SMU) drew fierce online criticism, with some labelling her entitled and questioning her plans. “I never expected the backlash to become this big,”...

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Sep 29, 2026
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As Siti Hasmah Mohamad Ali, wife of former Malaysian prime minister Mahathir Mohamad, was laid to rest on Monday, one poignant image stood out. Footage of her family members sobbing served as a reminder that before the 100-year-old was “Ibu Negara” (Mother of the Nation), she was first a mother of seven, grandmother to 18 and great-grandmother to four. Her latest great-grandchild, Eden Zakaria, was born just last month to granddaughter Meera Alyanna Mukhriz, better known as Ally. In a social...

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The governor of an Indonesian prison has been suspended after authorities uncovered a suspected luxury compound for VIP inmates within the grounds, prompting a parliamentary inquiry. However, Director General of Corrections Mashudi denied the accusations during a House of Representatives commission hearing on Monday. Cibinong Prison in Bogor, West Java, came under investigation after inspectors from the Ombudsman’s office discovered a fenced-off compound behind the prison chief’s house during a...

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The Philippines has 20,000 teaching vacancies to fill, a budget hearing has revealed, with sector insiders warning that the gap signals a mounting education crisis. Those in the industry are calling for transparency in the teacher hiring process, including clear figures on budget allocation and positions filled amid problems of mismatch and improper targeting of job applicants. At a House of Representatives plenary session last week, Antonio Tinio from the Alliance of Concerned Teachers (ACT)...

Malaysia’s Forest City wants a rebirth. Scams, crime stand in the way
Sep 29, 2026
Malaysia’s Forest City wants a rebirth. Scams, crime stand in the way

Behind the unmarked door of a shoplot along a quiet commercial stretch of Forest City in Malaysia’s Johor state, four customers sat tapping away, playing slot-style games on tablets. A stern-looking man stood guard at the entrance, his eyes darting around. The customers could place bets starting from around 20 ringgit (US$4.89). Instead of handing over cash, they paid for gambling credits using Malaysia’s Touch ’n Go e-wallet. They were then issued tablets from behind the counter with...

Japanese firms pull back from China amid geopolitical tensions, supply chain shifts
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Japanese firms pull back from China amid geopolitical tensions, supply chain shifts

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