SEA

BYD is also accelerating its overseas footprint by setting up production facilities in Brazil and Thailand (with an annual production capacity of 150,000 units each) and expanding its sales network in Europe, according to DBS Group Research.

Besides BYD, several Chinese car makers such as Great Wall Motor, SAIC Motor and Geely have been expanding their footprint in Southeast Asia.

“So in the end, my dream is when I retire, five listed companies, one in America and four in other parts of Asean,” Tony Fernandes said.

South East Asian (SEA) countries took the most hit in 2023 following the global economic crisis as the total funding for FinTech fell to $2 billion, the lowest in comparison to the last five years in this region, said Tracxn Technologies Ltd. on Tuesday.

Singapore-based Asia Partners Fund Management announced Tuesday that it has closed its Southeast Asia second tech fund at $474 million. Including the $384 million close of its debut fund in 2021, Asia Partners now has $1 billion in assets under management.

AirAsia Aviation Group has announced two key leadership appointments - Chester Voo as Deputy Group Chief Executive Officer (Airline Operations) and Farouk Kamal as Deputy Group Chief Executive Officer (Corporate).

The new reorganisation plan will be announced by Jan 15, sources said.

Asean initial public offering (IPO) proceeds down 20 percent year on year to $5.6 billion in 2023, EY said Friday. According to the firm's EY Global IPO Trends 2023, ASEAN IPO market remained robust in 2023, with a total of 157 deals, up 3 percent from 152 deals in 2022.

Junior and senior employees from multiple departments, including the commercial and marketing teams, were affected.