SEA
EY : Southeast Asia’s IPO deals down to $1B in first quarter
Southeast Asia's initial public offering (IPI) activity slowed down in the first quarter, with a total of 38 deals raising$1 billion, down from 51 deals raising $1.4 billion in the first quarter of 2023.
Brunei and Laos formally join regional payment connectivity initiative
Brunei Darussalam Central Bank (BDCB) and Bank of the Lao PDR (BOL) have officially joined the Regional Payment Connectivity (RPC) after previously expressing their interest in joining the initiative, the Monetary Authority of Singapore (MAS) said Wednesday.
ADB readies ASEAN Climate Finance Policy Platform
The Asian Development Bank (ADB) plans to launch an ASEAN Climate Finance Policy Platform, which will support Southeast Asian finance ministry leaders in advancing collective action in the battle against climate change, ADB President Masatsugu Asakawa announced Wednesday.
EV charging operators from Singapore and Malaysia combine networks through roaming
Electric vehicle (EV) charging operators Charge+ from Singapore and ChargeSini (Chargehere EV Solution Sdn Bhd) from Malaysia have signed a roaming collaboration agreement that grants EV drivers from both parties access to each other’s charging networks.
Shopee doubles down on operational and logistics investments in Malaysia
Shopee, the Singapore-based e-commerce platform, is doubling down on operational and logistics investments in Malaysia as it maintains its #1 marketplace position by average monthly active users and total time spent in-app.
Capital A’s digital arm forms strategic partnership with Ant International
The partnership covers various areas, exploring to integrate more payment methods and providing acquiring services to Capital A’s platforms, work on digital marketing and sponsorship opportunities to drive business growth, and to cooperate in enhancing access to sustainable finance while transitioning to a low carbon economy for the Micro, Small & Medium…
Tracxn : SEA tech startups see 13 pct decline in funding in first quarter
The Southeast East Asia (SEA) tech startup ecosystem secured a total funding of $816 million in the first quarter of 2024 to date (till March 15, 2024), the lowest-funded quarter in the past five quarters in the SEA tech sector, Tracxn said Wednesday.
HSBC launches $1B ASEAN Growth Fund; introduces Venture Debt Fund
Global lender HSBC has on Wednesday announced the launch of a $150 million Venture Debt offering in Singapore, and a $1 billion ASEAN Growth Fund, targeting new economy businesses.
GrabAds expands self-serve offerings on mobile to help SEA small and medium businesses boost sales
GrabAds, the advertising arm of Southeast Asian superapp Grab, has on Tuesday announced that Marketing Manager is now available on mobile to empower micro, small and medium-sized enterprises (MSMEs) in Southeast Asia.
Japan, ASEAN to integrate QR code payments by 2025 – report
Five ASEAN member countries, namely Singapore, Indonesia, Thailand, Malaysia and Philippines, signed a memorandum of understanding on payment integration between the countries in 2022 and began interaction in several areas.
