SEA

Southeast Asian initial public offering (IPO) market remains tepid in 2024, but momentum builds towards a 2025 rebound, Deloitte said in a statement on Tuesday.

ASEAN enterprises are leading in data intelligence with 74 percent training their large language models (LLMs) with enterprise data, a study showed Monday.

Moody's Ratings has upgraded the corporate family rating (CFR) of Grab Holdings Inc to B1 from B2 and maintained the positive outlook.

Hemisphere Ventures, a United States-based venture capital, has announced the opening of a new office in Singapore, marking its first expansion into Southeast Asia.

Maybank Investment Bank has raised Grab Holdings 2024-2026 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) estimates by 23 percent to 27 percent.

ASEAN-6 (Singapore, Malaysia, Thailand, Vietnam, Indonesia, and the Philippines)'s business to consumer (B2C) e-commerce export revenue for is expected to reach $30.4 billion in 2028, a report commissioned by Amazon Global Selling showed Wednesday.

Singapore's consumer internet firm Sea announced Tuesday that its total revenue rose 30.8 percent year on year to $4.3 billion in the third quarter ended September 30, 2024, underpinned by higher e-commerce growth.

BlackRock, Monetary Authority of Singapore (MAS), International Finance Corporation (IFC), Mitsubishi UFJ Financial Group (MUFG), NEXI, and AIA Group have teamed up to boost decarbonization investment in Asia with a focus on Southeast Asia.

Intudo Ventures announced the closing of $125 million across two investment funds—Intudo Ventures IV, LP, a $75 million venture fund, as well as a $50 million fund that will invest in downstreaming natural resources and renewable energy.

The funds will support the local market access team and operational expansions across five Southeast Asian countries, including Malaysia, Thailand, Singapore, Indonesia, and Vietnam, with headquarter in Shenzhen and offices across Beijing, Shanghai, the Greater Bay Area and Kuala Lumpur.