SEA

American technology firm Microsoft has on Tuesday announced a commitment to equip 2.5 million people in member states of the Association of Southeast Asian Nations (ASEAN) with artificial intelligence (AI) skills by 2025.

Over the past years, JETOUR said it has demonstrated exceptional growth and a burgeoning dominance in the SUV segment. The company boasts the seventh position in China's automotive export volume and ranks second in growth rate, indicating its undeniable global impact.

Chery aims to use Thailand as a production base to meet the domestic demand for right-hand drive EVs, as well as export the vehicles to Asean countries, Australia and the Middle East, the report added.

The government of New Zealand has committed $25 million to the Asian Development Bank’s (ADB) Energy Transition Mechanism Partnership Trust Fund (ETMPTF) to support the shift toward clean, sustainable energy in Southeast Asia.

Southeast Asia has emerged as top growth market for Asia Pacific (APAC) region, FedEx Express (FedEx) said Wednesday. Its survey reviewed that 68 percent of respondents see the greatest potential for growth in Southeast Asian countries such as Thailand, Vietnam, and Indonesia.

The Southeast Asia (SEA) finTech sector secured funding worth $530 million in the first quarter of 2024, a 13 percent lower than the $607 million raised in the corresponding quarter last year, Tracxn said in a a report on Tuesday.

Carro is raising capital during one of the hardest possible times for fledgling firms. The Southeast Asia technology industry has been plagued by job cuts, CEO resignations and falling startup valuations, making it difficult for companies to debut on public markets.

Bain & Company, GenZero, Standard Chartered and Temasek have in their recent report highlighted top 13 decarbonization investment ideas in Southeast East Asia which present $150 billion green economy market opportunities.

British International Investment (BII), the United Kingdom's development finance institution and impact investor, and FMO, the Dutch entrepreneurial development bank, have on Monday announced a joint loan commitment of $50 million to BECIS, a leading energy-as-a-service (EaaS) provider in South-East Asia.

Maybank Investment Bank said Monday that it believes ASEAN electric vehicle (EV) adoption will continue to increase due to favorable regulations, local brands and China’s EV makers launching new models at low price points.