SEA

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.

As we usher into 2024, with the hope for a better year, here are some of the top tech news in 2023.

Japan-based investment firm Mercuria Holdings Co., Ltd. has partnered Singapore financial services group Overseas-Chinese Banking Corporation Limited (OCBC) to launch a fund to finance sustainability projects in ASEAN.

“We’re advising some clients to issue tokens for fundraising,” Kasikornbank’s co-president Pipit Aneaknithi said in an interview with Bloomberg on Monday.

The global wave of layoffs hitting US tech companies like Meta, Amazon, and Twitter has also come to Southeast Asia amid a slowdown in fundraising activities for tech startups. Tech companies including venture capital-backed startups in Southeast Asia have also announced layoffs and austerity measures to cope with the uncertain macroeconomic situation.

To help Cambodia address climate change impacts and create a conducive environment for the uptake of green finance, the National Bank of Cambodia (NBC) and World Bank's unit IFC signed a cooperation agreement to boost financing for climate-friendly projects, supporting the country's transition towards a green economy.