SEA
Singapore’s Oneteam raises $2.6M seed round to revolutionise SME succession through employee ownership
The round was led by Wavemaker Ventures, the early-stage fund of Wavemaker Partners.
Singapore’s Atome Financial secures up to $200M syndicated facility to support financial inclusion in Southeast Asia
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.
Deloitte: Southeast Asian IPO market remains tepid in 2024 with capital raised falling to the lowest in nine years
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.
New Economist Impact study finds ASEAN enterprises leading in data intelligence
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 upgrades Grab’s CFR to B1; outlook remains positive
Moody's Ratings has upgraded the corporate family rating (CFR) of Grab Holdings Inc to B1 from B2 and maintained the positive outlook.
US-based Hemisphere Ventures expands into Southeast Asia
Hemisphere Ventures, a United States-based venture capital, has announced the opening of a new office in Singapore, marking its first expansion into Southeast Asia.
Maybank raises Grab’s earnings forecast after solid results in third quarter
Maybank Investment Bank has raised Grab Holdings 2024-2026 adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) estimates by 23 percent to 27 percent.
ASEAN-6 B2C e-commerce export revenue seen to reach $30.4 billion in 2028 : Amazon Global Selling
ASEAN-6 (Singapore, Malaysia, Thailand, Vietnam, Indonesia, and the Philippines)'s business to consumer (B2C) e-commerce export revenue for is expected to reach $30.4 billion in 2028, a report commissioned by Amazon Global Selling showed Wednesday.
Singapore’s Sea revenue up 30.8 pct on year in third quarter
Singapore's consumer internet firm Sea announced Tuesday that its total revenue rose 30.8 percent year on year to $4.3 billion in the third quarter ended September 30, 2024, underpinned by higher e-commerce growth.
BlackRock, MAS, IFC, MUFG, NEXI, AIA team up to boost decarbonization investment in Asia
BlackRock, Monetary Authority of Singapore (MAS), International Finance Corporation (IFC), Mitsubishi UFJ Financial Group (MUFG), NEXI, and AIA Group have teamed up to boost decarbonization investment in Asia with a focus on Southeast Asia.
