Sunday, October 24, 2021
Audience Analytics, a publisher and awards organiser, is looking to raise S$5.5 million in an initial public offering (IPO) on the Catalist board as it seeks to expand its business in overseas markets and grow its product team. Audience Analytics organises awards such as the SME100 Awards and the HR...
Fintech and e-commerce companies in Southeast Asia are raising hefty amounts of capital as global investors bet on post-pandemic technology plays, bankers and investors said, a trend that is also stoking concerns about frothy valuations. Public equity capital raising by Southeast Asian firms has surged to a four-year high of...
Huawei announced its plan to invest US$100 million in startup support at the inaugural HUAWEI CLOUD Spark Founders Summit, which took place simultaneously in Singapore and Hong Kong. Huawei said the investment would go towards its Spark Program in the Asia Pacific region, which aims to build a sustainable startup...
SoftBank Group (SBG) is stepping up investment in startups in Southeast Asia again. Many of these startups are unicorns -- a company valued at over $1 billion -- or soon-to-be unicorns. SBG aims to repeat the success it made with Grab, a Singapore-based ride-hailer, whose corporate value shot up after...
Companies in South-east Asia raised a record US$4.9 billion through initial public offerings (IPOs) in the first six months of this year, according to Bloomberg's equity capital markets data. With a further US$4.1 billion raised through additional and rights offerings, the total amount raised by these newly listed firms via...
South Korea's trade ministry said on Tuesday (Jul 27) it has launched talks with ASEAN to update their free trade agreement (FTA) and further lower trade barriers, as the country seeks to diversify its trade portfolio and expand its presence in Southeast Asia. Officials from the two held a virtual...
Deeper cooperation between China and the Association of Southeast Asian Nations (ASEAN) in the digital economy will benefit Wuhan, Central China's Hubei Province, which was hit hard by the COVID-19 pandemic, and accelerate its economic transformation and industrial upgrade amid a post-pandemic recovery, analysts said on Sunday (Jul 18). At...
Covid-19 infections are surging in several major Southeast Asian economies, and that has led Goldman Sachs to cut its 2021 growth forecasts for most of the region. The spread of the more transmissible delta variant has pushed daily Covid cases to record highs in Indonesia, Malaysia and Thailand in recent weeks....
Vietnam, Malaysia and Thailand are the most attractive expansion destinations for European corporates, according to a recent survey conducted by Standard Chartered Bank. The survey said 88 percent of respondents expect business to go up in the next 12 months, on drivers such as a growing consumer market; free trade agreements; and...
Vietnam's economic hub Ho Chi Minh City began a two-week lockdown Friday (July 9) in the hope to contain the country's worst Covid-19 virus outbreak. The city of nine million had previously been subjected to travel restrictions for a month but infection rates were steadily rising - with more than 9,400...
On June 21, Vietnam and Singapore agreed to set up a joint technical working group on Digital Partnership, examining the potential for developing a bilateral digital economy agreement. This initiative took place right before the High Level Opening of the Asia Europe Meeting (ASEM) High Level Policy Dialogue, indicating its importance...
The prolonged Covid-19 pandemic is clouding economic projections for Southeast Asia, with most countries not expected to return to pre-pandemic growth levels for several years. The Philippines will see the largest decline in average annual gross domestic product growth in the three years ending 2022 -- more than five percentage...

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