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Asset managers are retreating from climate-related investments following the inauguration of President Trump, who has dismissed climate change and withdrawn the US from the Paris Agreement. Major firms like BlackRock and leading US banks have exited climate-focused alliances, impacting global financing for climate initiatives, particularly in vulnerable regions like Southeast Asia. This shift has led to a significant decline in support for climate resolutions and a notable withdrawal of funds from climate-focused investments, highlighting the challenges facing the sector.
RedDoorz achieved its first profitable year in 2024 by focusing on operations in Indonesia and the Philippines, withdrawing from Singapore and Vietnam, and diversifying its offerings to include upscale accommodations. Meanwhile, Indian startup Nivara secured $28 million in funding to enhance its tech platform and expand its market reach. In other news, Microsoft CEO Satya Nadella plans a visit to South Korea, and Zomato faces an insolvency petition over unpaid dues.
Coffee prices are expected to rise further, with the FAO predicting an increase in green coffee prices due to supply constraints from Vietnam, Indonesia, and Brazil. The Brazilian harvest forecast has been downgraded, and analysts anticipate Arabica coffee could exceed $4/lb, potentially reaching $5/lb. Global coffee demand, particularly from China, continues to surge, contributing to a projected supply deficit for the fifth consecutive year.
Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has launched the "Super Profit" tool, offering customers a competitive fixed return of 3.5% per year on idle funds. This automatic profit solution allows daily earnings while ensuring liquidity and easy access to funds, with full transparency through the VPBank NEO application. Customers can manage their accounts flexibly, with the ability to terminate or adjust settings at any time, all while enjoying secure and risk-free capital management.
Vietnam Prosperity Joint Stock Commercial Bank (VPBank) has launched the "Super Profit" tool, offering customers a fixed return of 3.5% per year on idle funds. This automatic profit generation feature allows daily earnings with full transparency and flexibility, enabling easy withdrawals and management through the VPBank NEO app. Customers can register in just a minute, ensuring their money remains secure and accessible while generating profits effortlessly.
VPBank has launched the Super Profit tool, allowing customers to earn a fixed return of 3.5% per year on idle cash while maintaining high liquidity and flexibility. This automated feature processes daily interest, enabling users to manage their funds easily through the VPBank NEO app, ensuring security and efficiency in personal finance management.
Southeast Asia's payments landscape is rapidly evolving, with non-digital payment methods declining to just 13% of ecommerce transactions in 2023, projected to drop to 6% by 2028. The region's ecommerce market, valued at $137 billion, is expected to grow to $325 billion, driven by cross-border commerce and new payment methods like digital wallets and buy now, pay later options. However, merchants face challenges in navigating cross-border payments, including integration, fraud prevention, and transaction fees, necessitating the use of payment service providers for effective solutions.
GoTo Group reported a 93% increase in net revenue for 2024, achieving positive annual adjusted EBITDA for the first time, despite remaining loss-making. The fintech segment, including lending and GoPay, drove growth with a 95% revenue increase, while outstanding consumer loans surged 2.7 times. The company is in merger talks with Grab, aiming for greater market share amid Indonesia's economic challenges.
As the US climate tech funding landscape cools under the Trump administration, startups in Asia face challenges in securing investments. Funding in the sector dropped 40% in 2024, with India and Southeast Asia also seeing declines. Investors are now looking to family offices and corporations to bridge the funding gap, as domestic companies recognize the urgency of investing in climate solutions to remain competitive. The EU's new policy requiring large companies to address environmental risks in their supply chains may further influence investment strategies in Asia, emphasizing the importance of compliance and sustainability.
Razorpay is targeting group-wide profitability as it prepares for a potential IPO within three years, with a reported net income of US$4 million in FY24. While its core payments business is profitable, losses arise from neo-banking and lending. The company has expanded to Singapore and aims to enter Thailand, Vietnam, the Philippines, and the Middle East, targeting US$5 billion in payment volume from these markets.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
asset managers retreat from climate investments amid political and economic pressures
United States Dollar
BlackRock, Inc.
Citigroup Inc.
Vanguard S&P 500 ETF
JPMorgan U.S. Research Enhanced Large Cap ETF
State Street Corporation
Morgan Stanley
Wells Fargo & Company
The Goldman Sachs Group, Inc.
Bank of America Corporation
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USA
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THA
CAN
PHL
MYS
Joe Biden
Donald Trump
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15:50 19.03.2025
RedDoorz achieves profitability by focusing on core markets and upscale offerings
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Microsoft Corporation
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IND
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SGP
Satya Nadella
Amit Saberwal
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10:30 19.03.2025
coffee prices expected to rise amid supply shortages and increasing demand
06:53 19.03.2025
vpbank introduces super profit tool for automatic daily earnings
10:47 17.03.2025
vpbank launches super profit tool for automatic daily earnings on idle cash
09:59 17.03.2025
vpbank launches super profit tool for maximizing idle cash returns
06:28 17.03.2025
southeast asia's evolving payments landscape opportunities and challenges for merchants
Indonesian Rupiah
Vietnamese Đồng
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Thai Baht
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SGP
THA
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Agnes Chua
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03:00 17.03.2025
GoTo reports strong revenue growth while navigating Indonesia's economic challenges
10:00 13.03.2025
Asia's climate tech sector seeks new funding amid US capital decline
05:00 13.03.2025
Razorpay aims for profitability and expands operations to Singapore
08:12 12.03.2025
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