SEA

Southeast Asia primed for investments to bridge sustainability opportunities, says Bain & Co, Temasek report

SEA needs to move from promises to action and bridging the gap between opportunities and results will be a key milestone. We remain bullish on the $1 trillion economic opportunities in SEA, but we need to step up as a region to strengthen the investable market and increase green capital flows,” said Dale Hardcastle, Partner and Director of the Global…

Gobi Partners publishes inaugural Sustainability Report

"It is especially poignant for Gobi to publish our first Sustainability Report during Pride Month and on World Environment Day, and we look forward to further advancing and promoting environmental stewardship, social progress, and good governance through our work highlighted in this report and our sustainability initiatives in the future," Gobi said.

Indonesia’s J&T Express invests $136M for logistics center in Malaysia

JT Express, an Indonesia-based international express logistics company, announced Tuesday it has invested MYR600 million ($136.46 million) to purchase a 30-acre parcel of land in Bandar Rimbayu, Selangor, Malaysia, to build a logistics center. The land will be used to build an integrated logistics center for express distribution, logistics and…

Singapore’s used car platform Carro buys 50% stake in Indonesian rental firm MPMRent – report

MPMRent is one of Indonesia's leading car rental firms with a fleet of more than 13,000 cars and provides financing services.

Vietnam’s Society Pass acquires Singapore blockchain/Web3 mobile virtual network operator Gorilla Networks

Society Pass Incorporated (SoPa), Vietnam-based data driven loyalty and ecommerce ecosystem, announced Monday that it has acquired Singapore-based Gorilla Networks Pte Ltd (Gorilla), a next generation Web3-enabled mobile virtual network operator (MVNO). SoPa said it will incorporate Gorilla Networks’ proprietary blockchain/Web3 technology onto the rest of…

Indonesia’s GoTo expands its sustainability commitments

PT GoTo Gojek Tokopedia Tbk (GoTo Group), the largest digital ecosystem in Indonesia, announced Friday that it has expanded its ‘Three Zeros’ commitments (Zero Emissions, Zero Waste, Zero Barriers) across its ecosystem, forming a consolidated approach and strategy for the company, united behind common sustainability goals.

Indonesia’s Traveloka nears $200M funding after SPAC talks – report

Traveloka had been valued at $3 billion, according to CB Insights, but Bloomberg reported in 2020 that it was seeking funds at a lower valuation.

Applications are now open for TiE SEA Women’s Pitch Competition 2022

Shortlisted candidates will be judged by a panel of regional VC’s, entrepreneurs, ecosystem leaders and tech corporate executives, and will also get networking opportunities with regional and international VC’s. The top winner of the Southeast Asia start-up founders will be flown to Dubai by TiE for the global finale.

Malaysia’s home services platform Kaodim to cease operations next month

The prolonged COVID lockdowns and their “knock on” effects in the form of operational disruptions, labor shortages and higher running costs have significantly impacted its business and the quality of service.

Thai startup ZTRUS aims to double revenue as it expands in home country & regionally

ZTRUS hopes to scale in Thailand within two years and shall explore some clients in Southeast Asia.