News
TNGlobal Tracker: Southeast Asia (SEA) monthly funding snapshot – Aug 2025
The SEA Monthly Funding Tracker for August 2025 highlighted a steep decline in funding across the region. Total funding in August stood at $84.1 million across 22 rounds, reflecting a 76.44 percent drop from July 2025 ($357 million) and a 65.04 percent fall year-on-year compared to August 2024 ($240.6 million).
Malaysia’s Wellous, Korea Ginseng Corporation ink partnership to drive health, wellness growth in Asia
Wellous said the collaboration covers consumer insight-sharing for target markets, co-development of new business approaches, brand reputation building, as well as authorised sales and promotion of Jung Kwan Jang products by Wellous in designated countries.
Malaysia’s Tapway partners with three Thai firms to expand Vision AI presence
Tapway Sdn. Bhd., Malaysia’s developer of Vision AI software, announced Monday the appointment of Advantech Co., Ltd., Appomax Co., Ltd., and S I Media Co., Ltd., as its official channel partners in Thailand.
SME Corp. Malaysia collaborates with microLEAP to offer $8.29M grant-convertible financing for SMEs
SME Corp. Malaysia has collaborated with microLEAP to offer MYR 35 million ($8.29 million) grant-convertible financing for small and medium-sized enterprises (SMEs) in Malaysia.
VinFast India partners Axis Bank for EV financing solutions
VinFast Auto India, a subsidiary of the Vietnam-based electric vehicle (EV) brand VinFast, has signed a memorandum of understanding (MoU) with Axis Bank, one of the largest private sector banks in India, to provide auto and inventory financing for its exclusive dealer network.
Indonesia detains Gojek founder and former minister as suspect in graft case – report
Makarim was accused of misusing his authority as minister to enrich himself or a company, Nurcahyo said, in violation of Indonesia's anti-corruption laws.
Scanfil invests $3.75M to expand Johor Bahru manufacturing facility
Scanfil, Europe’s largest listed electronics manufacturing company, has invested MYR 15.8 million ($3.75 million) to expand and modernize its SRX Global (Malaysia) Sdn. Bhd. facility in Johor Bahru, Malaysia.
IG Group appoints Fintech veteran Gavin Chia to accelerate growth across Singapore and emerging Asian markets
Global fintech firm IG Group Holdings plc has named Gavin Chia as Chief Executive Officer (CEO) of IG Singapore and Emerging Markets.
VinFast remains in the red in Q2 despite higher revenue
Vietnamese electric vehicles (EV) maker VinFast has remained in the red despite increased revenue in the second quarter ended June 30, 2025.
Proton launches first EV assembly plant in Malaysia with 20,000 annual capacity
Automaker Proton has launched the first assembly plant exclusive for electric vehicle (EV) production in Malaysia at Proton Tanjung Malim.
