SEA

The panelists, from corporate venture capital, venture capital firm and venture builder, shared their views on the criteria and support needed to build a conducive tech ecosystem.

Companies in the Southeast Asia (SEA) tech space has raised $1.6 billion in the first half of 2024, a substantial 65 percent drop compared to the $4.5 billion raised in the first half of 2023, and 37 percent lower than $2.5 billion raised in the second half of 2023, Tracxn says Friday.

The Monetary Authority of Singapore (MAS) and the National Bank of Cambodia (NBC) have on Tuesday announced the start of the Financial Transparency Corridor (FTC) initiative between Singapore and Cambodia.

“Southeast Asia: The Bright Spot For VC Investing Amidst Global Uncertainties?” was a panel that featured Thomas G. Tsao of Gobi Partners, Roderick Purwana of East Ventures and Angela Toy of Golden Gate Ventures, moderated by James Kwan, Founder & Executive Chairman, Jumpstart Media at the ORIGIN: Asia Tech Conference. ​​

The expo attracted over 20,000 participants from more than 70 countries and territories and over 820 exhibitors, representing various industries and sectors. This confluence underscored the event’s stature as a preeminent tech symposium, offering a myriad of innovation displays, industry-leading discussions and networking opportunities.

According to Maybank IBG Research, the broadening global electronics demand, spurred by the AI boom, has supported a modest economic recovery in the first half of 2024 and is brightening the second half outlook for the ASEAN-6 markets (Malaysia, Singapore, Thailand,Indonesia, Vietnam and the Philippines).

Despite current global economic headwinds and private funding in the region declining to its lowest levels in six years, the startup ecosystem in Southeast Asia and India remains resilient, demonstrating significant signs of maturity, a study showed Tuesday.

ORIGIN: Asia Tech Conference was held in Macao this year as part of the BEYOND Week partner event. This year’s theme is ‘Unleashing Potential, Reimagine Future’.

The private equity (PE) deal value in Southeast Asia (SEA) fell 39 percent to $9 billion last year compared to the previous five-year average (2018-2022), while deal volume dropped 24 percent in the same period, Bain & Company said Thursday.

Soft Space, a Malaysia-based fintech-as-a-service (FaaS) provider, and Inflight Dublin, a prominent provider of inflight entertainment (IFE) solutions, have announced a strategic collaboration aimed at transforming the airline inflight experience, from ordering to paying for goods and services.