SEA
Clime Capital hits first close of second Southeast Asian clean energy fund at $127M
Clime Capital, the Singapore-based fund manager focused on accelerating the low carbon transition, has on Monday announced the first close of the South East Asia Clean Energy Fund II (SEACEF II), with $127 million committed. SEACEF ll is the first blended investment fund established in Southeast Asia to provide early-stage high-risk capital to support…
Grab Malaysia claims it sees delivery-partners benefitting from new earning structure during peak-demand periods amid riders’ protest
Their main demand is for Grab to reinstate the previous base fare of MYR5 ($1.06) for deliveries within the Klang Valley, which was reduced to MYR4 ($0.85) earlier this week, the report added.
Singapore’s The Parentinc acquires mum, baby, and kids’ products premium retailer Motherswork
Singapore-based parent community platform The Parentinc has entered the offline retail market by acquiring Motherswork, a premium retailer of mum, baby, and kids' products in Singapore and China. The acquisition of Motherswork signifies a pivotal moment for The Parentinc as it positions itself firmly on the trajectory towards an initial public offering by…
Warren Buffet-backed China’s EV giant BYD debuts in Indonesia – report
BYD is also accelerating its overseas footprint by setting up production facilities in Brazil and Thailand (with an annual production capacity of 150,000 units each) and expanding its sales network in Europe, according to DBS Group Research.
A closer look at Warren Buffett-backed Chinese EV giant BYD’s plan in Malaysia
Besides BYD, several Chinese car makers such as Great Wall Motor, SAIC Motor and Geely have been expanding their footprint in Southeast Asia.
Tony Fernandes’s global empire to be broken up into five listed companies “utlimately”
“So in the end, my dream is when I retire, five listed companies, one in America and four in other parts of Asean,” Tony Fernandes said.
Tracxn : Total funding into SEA FinTech startups plunge 65 percent to $2B in 2023
South East Asian (SEA) countries took the most hit in 2023 following the global economic crisis as the total funding for FinTech fell to $2 billion, the lowest in comparison to the last five years in this region, said Tracxn Technologies Ltd. on Tuesday.
Asia Partners’ Southeast Asia tech fund hits final close at $474M
Singapore-based Asia Partners Fund Management announced Tuesday that it has closed its Southeast Asia second tech fund at $474 million. Including the $384 million close of its debut fund in 2021, Asia Partners now has $1 billion in assets under management.
AirAsia Aviation Group strengthens leadership team with two executive appointments
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).
