News

The Southeast Asia (SEA) region experienced a year on year rise in initial public offering (IPO) volume of 26 percent and value of 31 percent in the first half amid slowing global market, EY said in a statement on Tuesday.

Bosch, a global supplier of technology and services, has officially opened one of the Asia’s most advanced semiconductor backend sites in Penang of Malaysia for the final testing of its automotive chips and sensors. Until the middle of the 2030, Bosch intends to invest around EURO 350 million ($384.35 million) in the site.

Indonesian e-commerce company Bukalapak is more confident in delivering its long-term mission of turning profitable by the fourth quarter of 2023 after having posted six sequential quarters of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) improvement.

HD, the healthcare and surgery marketplace based in Thailand, has announced a significant investment from FEBE Ventures, a prominent venture capital firm based in Vietnam. This strategic partnership further strengthens HD’s position as the go-to platform for accessible and affordable healthcare services and elective surgeries in the Southeast Asia……

Google Cloud has on Tuesday announced strategic collaborations with Malaysian airports operator Malaysia Airports Holdings Berhad and mobility technology startup Asia Mobiliti, who are now adopting Google Cloud’s open data cloud to deliver sustainable, digital-first travel experiences.

Deliveroo and Gojek have on Tuesday announced that they have signed a long-term partnership agreement delivering increased value for users in Singapore and enhancing experiences across both platforms.

Malaysia’s prescription pharmacy chain Alpro Pharmacy has launched its door-to-door prescription medication delivery in partnership with GrabExpress, Grab Malaysia’s on-demand delivery service. The collaboration aims to provide the much-needed support for stay-alone elderlies, chronic-illness patients and parents of young children, who might find leaving…

Standard Chartered and Ant Group have entered into an agreement to deepen their partnership in driving green and inclusive finance, global fund management and sustainable development. Both parties will jointly contribute to tackling global issues such as climate change and ocean protection.

Vietnamese automaker VinFast Auto Pte. Ltd. (VinFast) and special purpose acquisition company Black Spade Acquisition Co (Black Spade) have announced that the U.S. Securities and Exchange Commission (SEC) has declared effective the registration statement of their proposed business combination.

X-PITCH, an annual startup contest for global deeptech startups in Singapore, is open for application. Ten awards will be presented at the November 10 Grand Finale, with the top three teams receiving investments totaling at least $1 million.