The State of the ASEAN Technology Ecosystem Report CY2024 by January Capital reveals stabilising capital deployment but a decline in overall deal volume, with fundraising challenges for founders. Funding by stage shows a scarcity of seed capital, while later-stage financing rounds see improvements in deal size. Geographically, Singapore and Indonesia remain active markets, with emerging opportunities in Malaysia, Thailand, and the Philippines. Fintech dominates sector-specific funding, with AI investments lagging behind. The founder journey highlights fundraising challenges and investor priorities in the region.
Full Article
UN averts drastic food aid cuts for Rohingya in Bangladesh
The United Nations food agency avoided drastic food aid cuts for Rohingya refugees in Bangladesh by maintaining monthly rations at $12 for those in Cox’s Bazar and $13 for those on Bhashan Char island. The U.S. announced $73 million in new funding through the WFP to support over 1 million Rohingya refugees, preventing a humanitarian crisis but highlighting ongoing needs for continued support. Human rights advocates expressed concerns about the refugees' plight, emphasizing the importance...
Read more