SEA

Southeast Asia’s superapp Grab to implement cost cuts, cites uncertain macroeconomic situation – report

Tan said the company has been cautious with how it has spent money over the past two years, streamlining some businesses, tapering down incentives as well as slowing down hiring. These measures had helped Grab get closer to its profitability goals

Malaysia’s Wellous to list on NASDAQ in merger with Malaysia-based SPAC Kairous Acquisition

Founded in 2016, Wellous is a health food and nutrition company that develops, manufactures, markets and distributes trusted and beneficial health and wellness products. The company said it offers only the best of nature, the most precious ingredients from a wide sourcing network. Based in Malaysia, Wellous’s products and services are distributed through…

Inflation is impacting digital spending in Southeast Asia, Blackbox-ADNA survey shows

The pandemic, rising cost of living, energy crisis, geopolitical unrest, and the climate crisis have all taken a toll on consumers, and with people moving from crisis to crisis in recent years, interesting shifts in consumer shopping behaviors have been observed in Southeast Asia (SEA).

Singapore’s talent recruitment firm Glints lays off staff, founder says ‘truly sorry’

Glints' announcement also came after Singapore-based recommerce platform Carousell said it is laying off 10 percent of its total headcount last week.

Vietnam’s EV maker VinFast files for US IPO

VinFast intends to list its ordinary shares on the Nasdaq Global Select Market under the symbol “VFS”.

Singapore’s Carousell Group cuts 10% of total headcount, Co-Founder says ‘deeply sorry’

Quek announced several initiatives and arrangements for the impacted regular employees which include monetary compensation, tools for job search, extended medical benefits and insurance coverage, among others.

Nine in ten companies in ASEAN face challenges in recruiting, nurturing and retaining tech talent, a survey shows

Nine in ten companies in ASEAN face challenges in recruiting, nurturing and retaining tech talent, while 91 percent of tech talent are open to leaving their companies, according to the Growth & Scale Talent Playbook launched by Southeast Asian venture capital firm Alpha JWC Ventures with global consultancy firm Kearney and technology recruiting platform…

Funding Societies crosses $27.8M in loan disbursements to SMEs in Thailand

Funding Societies | Modalku, the Singapore-based small and medium enterprise (SME) digital financing platform, has on Wednesday announced that its Thai business (Funding Societies Thailand) has reached THB1 billion ($27.8 million) in loan disbursements to small businesses in the country for year-to-date 2022.