SEA

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

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 said Thursday it has completed final closing of second fund at $90 million for Southeast Asia and India.

“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.”

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 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 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).

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…

Airasia MOVE (formerly known as airasia superapp) continues to set new milestones, achieving a peak of close to 17 million in its average monthly active users (MAU) during the fourth quarter of 2023, a 48 percent year on year growth. The app maintained an average of 15 million MAU throughout the year 2023, a 42 percent year on year surge.

“We see promising secular growth opportunities in India and ASEAN, riding on the structural tailwinds from strong foreign and domestic private investments, young demographics, the technology boom, and green transformation," James Cheo, Chief Investment Officer, Southeast Asia and India, Global Private Banking and Wealth, HSBC said.