SEA

The funding round, led by Vynn Capital, attracted several new investors, including MOAJ Holding, a Saudi investment company; Frank Phuan; TNB Aura, a Singapore-based venture capital firm participating through its Scout Initiative; and Ciri Ventures, a climate tech-focused venture capital firm.

Malaysia's state-owned oil and gas firm Petroliam Nasional Berhad (Petronas), alongside Southeast Asia’s other leading energy companies, have called for progressive approach to methane emissions reduction.

AppWorks has contributed to the success of the frontier startups in Taiwan and Southeast Asia such as 91APP, 17LIVE, ShopBack, Cubo.ai and Instill AI. The partnership with Google Cloud will further support early stage startups as they grow and scale.

The early-stage sector remains the most active, suggesting continued investor interest in emerging companies across the region.

Maybank Investment Bank said Thursday that it foresees ASEAN internet players such as Sea, Grab and GoTo to lead growth ahead of global peers.

The round was led by Wavemaker Ventures, the early-stage fund of Wavemaker Partners.

The new facility is anchored by HSBC through its ASEAN Growth Fund and is also supported by DBS Bank Ltd, Sumitomo Mitsui Banking Corporation (SMBC) Singapore branch and Brunei’s Baiduri Bank.

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.