Author: Yimie Yong

Sea Ltd’s Shopee to close down India operations – report

Shopee reportedly said in its statement it would work "to support local seller and buyer communities and our local team to make the process as smooth as possible".

FinTech continues to be a hot sector in Southeast Asia after a booming 2021

FinTech will continue to be one of the hottest sectors in Southeast Asia after investors pumped record amounts into the region’s FinTech firms last year.

Indonesia planning to relax foreign investment policies for local tech startups

Indonesia readying tough new curbs for online platforms – report

Indonesia is one of the world top-10 markets by the number of users for social media firms including Youtube, TikTok, Facebook, Twitter, Instagram and Whatsapp. Indonesia is also the world's fourth most populous country.

Malaysia’s drone tech hub ambition: Opportunities & Challenges [Part 2]

In Part 2, we focus on the challenges faced by drone tech startups, the Malaysia government’s initiatives to support the industry and some suggestions from drone tech companies.

Singapore’s PropertyGuru to debut on NYSE on Friday

The merger proposal was passed on Tuesday (March 15) at the extraordinary general meeting of Bridgetown 2.

Malaysia’s Carsome buys 51% stake in Singapore used car dealer CarTimes for $60M – report

The news comes as Carsome is said to be preparing for an initial public offering in the US later of the year.

Grab’s top execs extend stock lock-up period as share price tumbles

Grab said it believes that "this extension is a reflection of the continued, collective belief by the members of the Executive Committee in the business fundamentals and prospects of Grab".

[Updated] Indonesia’s GoTo to raise $1.25B in local IPO – report

GoTo, a merger of ride-hailing giant Gojek and e-commerce firm Tokopedia, said it plans to sell up to 52 billion Series A shares and set a price range of 316 to 346 rupiah per share.

Singapore’s MedTech startup Stratificare plans to raise $12M Pre-Series A round

The Pre-Series A funding round came after its Seed round in October last year. StratifiCare has secured close to S$1 million ($734,634) in an oversubscribed Seed round from investors including Asian Development Bank Ventures, Sprout, PatSnap CEO Jeffrey Tiong, and Carousell CEO Quek Siu Rui.

Singapore skyline SGX SPAC

Income tax will apply to NFT transactions, says Singapore Finance Minister – report

This will apply to individuals who derive income from NFT transactions or from trading in NFTs.