SEA
Gen AI could unlock $131B annual value in Southeast Asia’s Ecommerce by 2030: Momentum Works & Lazada report
High adoption of generative artificial intelligence (AI) could unlock $131 billion annual value in Southeast Asia’s ecommerce ecosystem, according to a new report jointly released by Momentum Works and Lazada.
S&P affirms Grab Holdings ‘BB-‘ rating with stable outlook
S&P Global Ratings has affirmed Singapore-based mobility, delivery, and digital financial services provider Grab Holdings 'BB-' rating with stable outlook as it sees the firm can absorb $1.5 billion bond issuance.
Analyst sees ASEAN digital spending remains strong
ASEAN internet sector is set for sustained elevated growth amid steady digital spending, Maybank Investment Bank said last Friday.
Maybank : Grab’s convertible issuance boosts net cash position to $7.7B
With Grab’s announcement to raise $1.5 billion through a convertible note, its net cash position is expected to rise to $7.7 billion, Maybank Investment Bank said Tuesday.
Standard Chartered-backed Audax eyes opportunities in SE Asia & Gulf Nations’ Islamic digital finance ecosystem [Q&A]
In the interview, Indra also insights on Malaysia’s strategic position in revolutionising Islamic finance. With deep expertise in the evolving needs of today’s financial institutions, Indra was instrumental in forging audax’s strategic partnership with Maybank Islamic, driving innovation and expanding digital banking capabilities in the Islamic finance…
Serikandi and Solarvest secure Brunei’s largest national solar PV project
Malaysia-based clean energy infrastructure developer, Solarvest Holdings Berhad, through its wholly-owned subsidiary, Atlantic Blue Sdn Bhd, has secured Brunei’s largest national solar project via a joint venture company, Seri Suria Power (B) Sdn Bhd, in partnership with Serikandi Oilfield Services Sdn Bhd and Khazanah Satu Sdn Bhd.
Malaysia’s Carsome records EBITDA of $4.3M in the first quarter
Carsome Group Inc, Southeast Asia’s largest integrated car e-commerce platform starts 2025 strong, posting earnings before interest, taxes, depreciation, and amortization (EBITDA) of $4.3 million in the first quarter, and continuing the positive momentum from its profitable close to FY2024.
Grab prices upsized $1.5B convertible notes offering
Grab Holdings Limited announced Wednesday the pricing of an upsized offering of $1.5 billion aggregate principal amount of zero coupon convertible senior notes due 2030.
NASDAQ-listed Grab denies reports of talks with Indonesia’s GoTo for a potential deal
Grab has held on-and-off talks with GoTo for years, according to earlier media reports. But a merger never materialized, partially due to antitrust concerns likely to arise from combining Southeast Asia’s two dominant ride-hailing and food-delivery groups.
Atome secures $75M asset-backed facility from Lending Ark to expand financial access in the Philippines
Atome, Singapore-based buy now pay later (BNPL) provider and part of Advance Intelligence Group, announced Monday that it has secured a $75 million asset-backed financing facility from Lending Ark, to accelerate financial inclusion in the Philippines.
