SEA

Navigating the digital wave: opportunities & growth explored in EBANX’s Beyond Borders 2024 report

For global companies, rising economies represent an enormous growth opportunity, especially for digital businesses. Digital industries across the world have reached a plateau, with high levels of competition and user penetration.

Delivery Hero ends talks on potential sale of selected SEA foodpanda business

Delivery Hero SE, Germay-based local delivery platform, has on Wednesday announced that it has terminated discussions with the main negotiating counterpart regarding a potential sale of its foodpanda business in selected Southeast Asian markets covering Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmar and Laos.

Thailand approves incentives for companies transitioning to electric trucks & buses – report

By 2030, Thailand aims to convert 30 percent of its annual production of 2.5 million vehicles into EVs, according to a government plan.

Singapore’s Carousell Co-Founder Lucas Ngoo to step down

Ngoo said he will continue to have full vested interests in the success of Carousell as a co-founder, board director and shareholder, and have full confidence in our business and leadership team.

Netherlands-based Orient Growth Ventures completes final closing of second fund at $90M for Southeast Asia and India

Netherlands-based Orient Growth Ventures said Thursday it has completed final closing of second fund at $90 million for Southeast Asia and India.

Foodpanda’s parent Delivery Hero denies sale talks have collapsed – report

“There are market rumours that the negotiations for the potential sale have collapsed,” Deliver Hero said in a statement, according to the report. “We confirm that the negotiations for the potential sale are ongoing.”

Vingroup plans to invest in Philippine market, starting with establishment of VinFast’s network of EV & motorcycle dealerships

VinFast will lead the way for Vingroup's investments in the Philippines in 2024, commencing with the establishment of a network of electric car and motorcycle dealerships.

Southeast Asia’s digital economy will contribute 56% to its GDP by 2027 : Una Financial

Southeast Asia’s digital economy will contribute 56 percent to its gross domestic product (GDP) by 2027, with digital payments taking the lead (61.5 percent), said UnaFinancial on Tuesday. In 2027, the gross value added (GVA) of the digital economy in Southeast Asia is expected to reach $2.35 trillion, increasing by 45 percent (+$732 billion) compared to…

Southeast Asia’s total food delivery spend on platforms grow 5 percent on year to $17.1B in 2023

Southeast Asia’s total food delivery spend on platforms grew a modest 5 percent year on year to reach $17.1 billion in 2023, mirroring the growth rate observed in 2022, Momentum Works said Tuesday. The growth was driven primarily by the region’s smallest food delivery market, Vietnam (+27 percent), followed by Malaysia (+9 percent).

ASEAN Foundation and Microsoft launch AI TEACH for ASEAN Program to shape the region’s tech future

Recognizing the crucial role of artificial intelligence (AI) skilling in fostering inclusive economic growth by empowering workers and job seekers to supercharge their careers and businesses, the ASEAN Foundation and Microsoft have launched the AI TEACH for ASEAN program aimed at shaping the region's tech future where AI proficiency is a cornerstone of…