Singapore has reinforced its position as Southeast Asia's tech funding powerhouse in the first half of 2024, securing a commanding 68% share of the region's total funds raised. Data from Traxcn reveals that Singaporean tech companies attracted approximately US$1.1 billion in investments during this period.
However, this impressive feat is accompanied by a decline compared to the second half of 2023, when investments reached US$1.4 billion. The reasons behind this decrease could be attributed to various factors, such as economic fluctuations or a shift in investor preferences. Despite this dip, Singapore remains the most attractive destination for tech investments in Southeast Asia.
Other major cities in the region also experienced significant funding activity, albeit at much lower levels compared to Singapore. Jakarta secured US$185 million, Bangkok received US$150 million, Taguig raised US$57.1 million, and Ho Chi Minh City secured US$36.3 million.
This disparity highlights Singapore's exceptional appeal as a tech investment hub, significantly outperforming its regional rivals. Notable recipients of this funding surge in Singapore include ANEXT Bank, Capillary, and DCS Card Centre (formerly Diners Club Singapore).
As Singapore continues to lead the charge in tech funding within Southeast Asia, it serves as a model for other cities looking to strengthen their own tech ecosystems. The city's performance in the latter half of 2024 will be closely monitored to determine if it can maintain or even expand its current dominance in the region's dynamic and competitive tech landscape.
I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to
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understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia.
I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine.
I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan"
I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy
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