SEA

Favorable regulations, local brands and penetration of Chinese carmakers will drive electric vehicle (EV) sales higher in ASEAN, Maybank Investment Bank said Thursday.

Funding Societies, the Singapore-based unified digital finance platform for small and medium sized enterprises (SMEs), has successfully disbursed MYR 300 million ($64.22 million) in Islamic business financing to more than 2,500 micro, small, and medium enterprises (MSMEs) in Malaysia since launching its comprehensive suite of Islamic products in June 2023.

Chope is free to use and is available in seven cities: Singapore, Jakarta, Bali, Bangkok, Phuket, Hong Kong, and Shanghai.

This year, the Summit returns with the theme ‘The World of Tomorrow With AI,’ offering comprehensive insights into the key aspects of an AI-driven world.

Six major ASEAN stock exchanges have committed to several initiatives to advance ASEAN as an attractive region.

Malaysia-based integrated car e-commerce platform Carsome Group has secured MYR 100 million ($21.39 million) in financing facility from AmBank Group to expand its liquidity and bolster its capacity for future growth.

Total gross merchandise value (GMV) of Southeast Asia’s 8 leading ecommerce platforms rose to $114.6 billion in 2023, up 15 percent from 2022, according to Momentum Works “Ecommerce in Southeast Asia 2024” report released on Monday.

Sumsub, a global full-cycle verification provider, has partnered Nexus Technology, PT Secure Pasifik Technologi, Spectrum Edge to strengthen security, verification in Southeast Asia.

Hubject, the Germany-based electric vehicle (EV) firm, has partnered Gentari Green Mobility Sdn Bhd, the wholly-owned subsidiary of clean energy solutions provider Gentari Sdn Bhd (Gentari), to streamline electric vehicle (EV) charging across Southeast Asia.

Total funding into Southeast Asia (SEA) FinTech startups fell 25 percent to $899 million in the first half of 2024 from $1.2 billion a year ago, Tracxn said Friday.