SEA
ASEAN exchanges commit to advance ASEAN as an attractive region
Six major ASEAN stock exchanges have committed to several initiatives to advance ASEAN as an attractive region.
Malaysia’s Carsome secures $21M financing facility from Ambank
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.
Southeast Asia e-commerce up 15 pct on year to $114.6B GMV in 2023
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 partners Nexus Technology, PT Secure Pasifik Technologi, Spectrum Edge to strengthen security, verification in Southeast Asia
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 partners Gentari to streamline EV charging across 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.
Tracxn : SEA FinTech startups funding drops 25 percent in first half
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.
Malaysia & Indonesia emerge as prime beneficiaries in Asean amid data center boom
“We identify Malaysia and Indonesia as prime beneficiaries of the spur in data center investment due to their location advantage, which makes them the ideal gateway for international connectivity,” the strategy note wrote.
India, Malaysia & 3 other Asean countries plan instant retail cross-border payments
The central banks of India, Malaysia, Thailand, Singapore and the Philippines are working together to start an instant cross-border retail payments platform.
Igloo shares strategies for insurers to attract Gen Z and boost insurance penetration
Singapore-based regional insurtech Igloo has shared strategies for insurers to attract Gen Z and boost insurance penetration.
ORIGIN: Asia Tech Conference: Outsiders’ Insights – Capturing the Southeast Asian Tech Wave
The panelists shared their views on the most promising sectors in Southeast Asia, the future development of the tech ecosystem, among others. These investors also shared their views on several issues related to the tech ecosystem in Southeast Asia from a foreign investor's and a regional investor's point of view.
