Yimie Yong
China’s BYD to build EV plant in Indonesia, groundbreaking expected in July – report
China-based electric vehicle producer BYD announced plan to build an automotive assembly plant in Indonesia's West Java, with groundbreaking scheduled for July.
JETOUR showcases hybrid off-road innovation at Beijing Auto Show; prepares entry into right-hand drive, European markets
Over the past years, JETOUR said it has demonstrated exceptional growth and a burgeoning dominance in the SUV segment. The company boasts the seventh position in China's automotive export volume and ranks second in growth rate, indicating its undeniable global impact.
Chinese EV manufacturer Chery to invest in Thailand – report
Chery aims to use Thailand as a production base to meet the domestic demand for right-hand drive EVs, as well as export the vehicles to Asean countries, Australia and the Middle East, the report added.
Malaysia introduces incentives to lure global unicorns – report
Earlier on Monday, Prime Minister Anwar Ibrahim launched the KL20 Action Plan paper in conjunction with the inaugural KL20 Summit 2024.
Softbank-backed Carro seeks valuation above $2B as it prepares for IPO- report
Carro is raising capital during one of the hardest possible times for fledgling firms. The Southeast Asia technology industry has been plagued by job cuts, CEO resignations and falling startup valuations, making it difficult for companies to debut on public markets.
Nvidia, Indosat plan $200M AI centre investment in Indonesia – report
Nvidia and Indonesia's telco PT Indosat Ooredoo Hutchison plan to build an AI center in Central Java in 2024, worth $200 million.
B Capital sees opportunities in late-stage growth investing despite fundraising woes [Q&A]
In the interview, B Capital General Partner Sami Ahmad also shared B Capital's strategy and plans for the latest fund, among others.
Thailand’s biggest crypto exchange Bitkub hiring advisers for 2025 IPO – report
Bitkub plans to go public on the Stock Exchange of Thailand in a bid to boost the company’s profile and raise money.
Capital A’s digital arm forms strategic partnership with Ant International
The partnership covers various areas, exploring to integrate more payment methods and providing acquiring services to Capital A’s platforms, work on digital marketing and sponsorship opportunities to drive business growth, and to cooperate in enhancing access to sustainable finance while transitioning to a low carbon economy for the Micro, Small & Medium…
Malaysia to introduce new tax incentive for digital status companies – report
MDEC chief executive officer Mahadhir Aziz said the tax incentive, to be announced in May, will be for digital initiatives in intellectual property (IP) and non-IP, and also in the form of investment tax allowance incentives, the report added.
