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Southeast Asian tech startups raised $909 million in Q1 2025, marking a 30.79% increase from Q4 2024 but a 9.10% decline from Q1 2024. Late-stage funding surged to $700 million, while seed and early-stage funding saw significant drops. Singapore led with $865 million, accounting for 95% of total funding.
HSBC's restructuring of its Asia division has resulted in a significant loss of senior roles for women, with only two out of 15 new positions going to female executives. Notable departures include Christina Ma and Amanda Murphy, while the majority of top roles in key markets were filled by men. Despite this, HSBC maintains that diversity remains a priority, with women holding 34.6% of senior leadership roles in 2024, a slight increase from the previous year.
In Myoko, Japan, a $1.4 billion mega-resort by Singapore's Patience Capital Group is set to create 1,000 jobs but raises concerns among locals about overdevelopment and cultural erosion. As foreign investments increase, many local businesses struggle, with only a fraction operating year-round, leading to fears of rising property prices and inflation similar to Niseko. Local leaders are cautiously optimistic but acknowledge the need for regulations to address community concerns.
HSBC's restructuring has resulted in a significant loss of senior roles for women in Asia, with only two out of 15 positions filled by female executives. Notable departures include Christina Ma and Amanda Murphy, while the bank's CEO emphasizes diversity as a priority despite the recent appointments favoring men. Overall, women hold 34.6% of senior leadership roles at HSBC, a slight increase from the previous year.
HSBC's recent restructuring in its corporate and institutional banking division has led to a decline in women's representation in senior roles across Asia, with only two out of 15 appointments going to women. Notable female leaders, including Christina Ma and Amanda Murphy, lost out in the reorganization, prompting internal discussions about diversity. Despite this, HSBC maintains a commitment to diversity, with women holding 34.6% of senior leadership positions overall, slightly up from the previous year.
Funding Societies, a digital finance platform for SMEs in Southeast Asia, has secured an equity investment from Gobi Partners, reflecting ongoing investor confidence despite fintech sector challenges. The funding will enhance its technology-driven financing and payment solutions, focusing on AI and automation to improve processes and risk management.
BNP Paribas has appointed Eric Tran as the chief sustainability officer for global banking APAC, relocating him from Hong Kong to Singapore. In his new role, Tran will drive the ESG strategy across APAC, engage with clients on sustainability, and ensure the integration of sustainability topics into advisory services. He will report to key executives within the organization and represent APAC global banking on sustainability matters.
Temasek has divested a 2.2% stake in a recent selling spree, marking a significant move in its investment strategy. This decision reflects the firm's ongoing adjustments in its portfolio management as market conditions evolve.
Citigroup is enhancing profits by utilizing the London Metal Exchange's rent-sharing deals, strategically positioning lead in Singapore warehouses. With a 15% increase in lead stockpiles, the bank is capitalizing on market dynamics, earning significant rental income while anticipating a growing lead surplus that could impact pricing and market volatility.
UBS is contemplating the sale of Swiss real estate assets valued at under $1 billion as part of a strategic overhaul of its asset management unit. This move aims to enhance profitability and streamline operations following the acquisition of Credit Suisse, with a goal of achieving $13 billion in cost reductions by 2026. The asset management division, contributing 6.5% to total revenues, is being restructured to focus on core functions while integrating Credit Suisse's businesses.
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southeast asian tech startups raise 909 million in first quarter of 2025
09:12 20.03.2025
hsbc restructuring leads to loss of senior roles for women in asia
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06:01 20.03.2025
foreign investment sparks concern over myoko's cultural and economic future
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hsbc faces criticism as women lose senior roles in restructuring effort
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05:26 20.03.2025
hsbc leadership changes reduce women's representation in senior banking roles
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Ashish Sharma
Kenneth Hon
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Luanne Lim
Danielle Johnson
Noor Adhami
Doris Wong
Amanda Murphy
Selene Chong
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05:23 20.03.2025
Funding Societies receives investment from Gobi Partners to enhance SME financing solutions
05:04 20.03.2025
bnp paribas appoints new sustainability officer for apac in singapore
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Krishnan Venkatesh
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03:31 20.03.2025
temasek reduces stake by 2.2 percent in recent sell-off
17:45 19.03.2025
citigroup profits from strategic lead stockpiling at london metal exchange
15:34 19.03.2025
ubs explores sale of swiss real estate assets amid strategic overhaul
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14:06 19.03.2025
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