SEA
Carsome appoints former PwC Singapore chairman as first independent director
Southeast Asia’s largest integrated car eCommerce platform Carsome Group Inc. has on Monday announced the appointment of Yeoh Oon Jin to its board as its first Independent Director, effective from June 30, 2023.
Southeast Asia’s IPO market remains investor favorite amid global economic uncertainties, Deloitte says
Southeast Asia's (SEA) initial public offering (IPO) remains steady despite global economic uncertainties, according to Deloitte recent report. In the last six months, the region's market saw 85 IPOs raising $3.3 billion in proceeds, with an IPO market capitalization of $20.1 billion. This versus the 73 IPOs in the same period last year which raised $3.1…
Malaysia PM Anwar to meet Elon Musk to discuss investment – report
"Next week, Elon Musk asked to discuss with me the possibility and his commitment to increase his investments in Malaysia," Anwar was quoted as saying.
Former Fave Execs launches pre-seed fund to support consumer-focused startups in Southeast Asia
Former Fave Execs Joel Neoh and Audra Pakalnyte have launched First Move, a founder-led early-stage fund, to empower consumer-focused startups across Southeast Asia. The fund provides vital pre-seed funding of up to $100,000, and has a current portfolio of seven companies spanning Singapore, Malaysia, and Indonesia.
TechNode Global hosts forums in Singapore and Seoul, focusing on China Market Access and the Greater Bay Area
Both forums also showcased the Hengqin region's potential as a springboard for startups to access the vast opportunities in Greater China. Liang Ying, Chief Information Officer of Zhuhai Da Hengqin Development Co., Ltd., gave presentations on Hengqin's strategic location within the Guangdong-Hong Kong-Macao Greater Bay Area, its unique advantages, and…
Interest in lending products in SEA has risen by 15 percent since 2020, says Robocash
Interest in lending products in Southeast Asia (SEA) has risen by 15 percent since 2020, according to an investment platform Robocash Group. The fastest growing segment of lending in the region is related to online loans.
Malaysia’s Iskandar Investment provides funding access, opens doors for tech startups through Match@Medini pitching program
Iskandar Investment Bhd aims to be the bridge between Malaysian start-ups and local and regional investors to facilitate access to fundings.
Funding Societies introduces Shariah-compliant Guaranteed Islamic Investment Note in Malaysia
Following the launch of its comprehensive Islamic financing solutions recently, Funding Societies, the Singapore-based unified small and medium sized enterprise (SME) digital finance platform, has introduced its Guaranteed Islamic Investment Note (GN-i) in Malaysia.
Singapore’s Grab cuts 1,000 jobs to manage costs and stay competitive, says CEO
Grab's Anthony Tan said with or without the exercise, Grab is on track to hit group Adjusted EBITDA breakeven this year.
