SEA

Society Pass Inc’s (Nasdaq: SOPA) 9 Mths 2023 Financials : Revenues Increased 117% yoy; Gross Profit Margin Improved to 28.1%; Cash Operating Expenses Declined 32.6% yoy

Retrieved on: 
Wednesday, November 15, 2023
Security (finance), Telecommunications, SOPA, Ecosystem, Sopa, Travel, Cryptocurrency, Clothing, Beauty salon, SEA

• 9 months 2023 gross profit margin grew to 28.1% in 9 months 2023 from 9.8% in 9 months 2022.

Key Points: 
  • • 9 months 2023 gross profit margin grew to 28.1% in 9 months 2023 from 9.8% in 9 months 2022.
  • • 3Q 2023 gross profit margin declined to 24.8% in 3Q 2023 from 26.4% in 2Q 2023.
  • • While 3Q 2023 revenues grew 10.7% year on year, 3Q 2023 cash operating expenses declined 54.6% year on year (from $7,426,684 in 3Q 2022 to $3,368,443 in 3Q 2023).
  • • While 3Q 2023 revenues grew 3.7% quarter on quarter, 3Q 2023 cash operating expenses increased 15.1% quarter on quarter (from $2,927,505 in 2Q 2023 to $3,368,443 in 3Q 2023).

Society Pass Inc (Nasdaq: SOPA) Applies to Extend An Additional 180 Days to Meet the $1.00 Minimum Bid Price Requirement

Retrieved on: 
Tuesday, November 14, 2023
Sopa, SOPA, SEA, Ecosystem, Cryptocurrency, Security (finance)

NEW YORK, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Society Pass Incorporated (Nasdaq: SOPA) (“SoPa”), Southeast Asia (SEA)’s next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that it has applied to The Nasdaq Stock Market (“Nasdaq”) requesting an additional 180 days to comply with the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2).

Key Points: 
  • NEW YORK, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Society Pass Incorporated (Nasdaq: SOPA) (“SoPa”), Southeast Asia (SEA)’s next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces that it has applied to The Nasdaq Stock Market (“Nasdaq”) requesting an additional 180 days to comply with the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2).
  • With the exception of the bid price requirement, SoPa believes it meets the continued listing requirements for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market including stockholders’ equity, publicly held shares, public holders and market makers.

Coins.ph Joins Forces with Licensed Exchanges in Southeast Asia, Advancing Compliant Services in the Region's Digital Asset Industry

Retrieved on: 
Friday, December 15, 2023
SEA, Ecosystem, Partnership, Growth, Cryptocurrency, Medical device

The Alliance stands as a strategic partnership, signifying a notable advancement in unifying licensed exchanges across SEA.

Key Points: 
  • The Alliance stands as a strategic partnership, signifying a notable advancement in unifying licensed exchanges across SEA.
  • It aims to enhance regulatory advocacy by harnessing the collective expertise and experience of the four founding exchanges.
  • Furthermore, the Alliance is committed to educating users about the benefits of trading on licensed exchanges and the importance of following regulatory guidelines.
  • The partnership between Coins.ph, Coinhako, Indodax, and Bitkub highlights the pivotal role of licensed exchanges in the global cryptocurrency landscape.

Coins.ph Joins Forces with Licensed Exchanges in Southeast Asia, Advancing Compliant Services in the Region's Digital Asset Industry

Retrieved on: 
Friday, December 15, 2023
SEA, Ecosystem, Partnership, Growth, Cryptocurrency, Medical device

The Alliance stands as a strategic partnership, signifying a notable advancement in unifying licensed exchanges across SEA.

Key Points: 
  • The Alliance stands as a strategic partnership, signifying a notable advancement in unifying licensed exchanges across SEA.
  • It aims to enhance regulatory advocacy by harnessing the collective expertise and experience of the four founding exchanges.
  • Furthermore, the Alliance is committed to educating users about the benefits of trading on licensed exchanges and the importance of following regulatory guidelines.
  • The partnership between Coins.ph, Coinhako, Indodax, and Bitkub highlights the pivotal role of licensed exchanges in the global cryptocurrency landscape.

01Fintech Invests US$20 Million in Validus to Drive SME Financing in the Southeast Asia Region

Retrieved on: 
Thursday, December 14, 2023
Norinchukin Bank, SME, GDP, Asian Development Bank, Citibank, Risk, FMO, Algorithm, SEA, Partnership, Ant Group, Growth, VNG, Ministry of Co-operation, Bank, GCash, Fatal Five, KakaoPay

SINGAPORE, Dec. 13, 2023 /PRNewswire/ -- 01Fintech, a growth stage private equity firm founded by former Ant-Group executive and specialising in financial technology in Southeast Asia, today announced a significant US$20-million investment in Validus, a market-leading small-and-medium-enterprises (SME) supply-chain financing platform with operations in Indonesia, Singapore, Thailand and Vietnam.

Key Points: 
  • 01Fintech recognizes the tremendous potential of Validus' unique approach to SME financing which has led to its rapid growth and partnerships with the world's largest financial institutions such as Citibank and other major global banks.
  • Since its inception in 2015, Validus has disbursed more than US$3 billion[1] in loans to small businesses across Southeast Asia.
  • Southeast Asia represents a tremendous US$490 billion SME financing gap opportunity for specialized digital lenders with strong credit assessment capabilities.
  • With the support of 01Fintech, we aim to cement our leadership as the number one digital SME financing company in the region.

SEA Selects Razorleaf Corporation Ltd as Project Lifecycle Management Tool Implementation Partner

Retrieved on: 
Wednesday, December 6, 2023
Engineering, PLM, SEA, Map, Partnership, Aras, Video game

BECKINGTON, England and DAVENTRY, England, Dec. 6, 2023 /PRNewswire/ -- SEA has awarded a contract to Razorleaf Corporation Ltd to be the implementation partner for Aras Innovator, Aras' next generation product lifecycle management (PLM) platform.

Key Points: 
  • BECKINGTON, England and DAVENTRY, England, Dec. 6, 2023 /PRNewswire/ -- SEA has awarded a contract to Razorleaf Corporation Ltd to be the implementation partner for Aras Innovator, Aras' next generation product lifecycle management (PLM) platform.
  • The core functionality of the Aras platform is to provide a single digital thread through all SEA products, from conception and requirements through to delivery and beyond.
  • SEA will work collaboratively with Razorleaf Corporation to roll out this PLM platform over the next 18 months.
  • We are excited to partner with SEA and be a part of their success in meeting digital transformation goals."

SEA Selects Razorleaf Corporation Ltd as Project Lifecycle Management Tool Implementation Partner

Retrieved on: 
Wednesday, December 6, 2023
Engineering, PLM, SEA, Map, Partnership, Aras, Video game

BECKINGTON, England and DAVENTRY, England, Dec. 6, 2023 /PRNewswire/ -- SEA has awarded a contract to Razorleaf Corporation Ltd to be the implementation partner for Aras Innovator, Aras' next generation product lifecycle management (PLM) platform.

Key Points: 
  • BECKINGTON, England and DAVENTRY, England, Dec. 6, 2023 /PRNewswire/ -- SEA has awarded a contract to Razorleaf Corporation Ltd to be the implementation partner for Aras Innovator, Aras' next generation product lifecycle management (PLM) platform.
  • The core functionality of the Aras platform is to provide a single digital thread through all SEA products, from conception and requirements through to delivery and beyond.
  • SEA will work collaboratively with Razorleaf Corporation to roll out this PLM platform over the next 18 months.
  • We are excited to partner with SEA and be a part of their success in meeting digital transformation goals."

WHAT'S NEW IN THE BAHAMAS IN DECEMBER 2023

Retrieved on: 
Thursday, November 30, 2023
Holiday, Aviation, HERO, Baha Mar, Boxing, Residence, Seattle–Tacoma International Airport, FXE, Los Angeles International Airport, Travel, Golden jubilee, Maroon 5, Atmosphere of Earth, Gold, Lynden Pindling International Airport, Calendar, Dean's Blue Hole, SML, Family, Letter, Transport, NAS, Fort Lauderdale Executive Airport, Four Seasons Resort Hualalai, Out Islands, LAX, Alaska Airlines, Culture, Island, Hidden Worlds, Black Friday, World Challenge, Boxing Day, Investment, SEA, Emmy Awards, International airport, Tourism, Airline, Nightclub, Hotel, Junkanoo, The Bahamas

NASSAU, Bahamas, Nov. 30, 2023 /PRNewswire/ -- Travellers can opt for sunshine this holiday season by visiting one or more of the 16 distinct destinations across The Islands of The Bahamas.

Key Points: 
  • NASSAU, Bahamas, Nov. 30, 2023 /PRNewswire/ -- Travellers can opt for sunshine this holiday season by visiting one or more of the 16 distinct destinations across The Islands of The Bahamas.
  • The Islands of The Bahamas Surpasses Record-Breaking Arrivals in 2023 — The year 2023 has been a milestone year for The Bahamas.
  • The event takes place from 27 November to 3 December 2023 at Albany's par-72 Championship Golf Course in The Bahamas.
  • The Bahamas' People-to-People Programme Wins at City Nation Place Awards 2023 — The Bahamas' " People-to-People Programme " won within the 2023 City Nation Place Awards ' "Citizen Engagement" category.

Green Gold - India and Southeast Asia's Climate Tech Sector Projected to Hit $350 Billion by 2030: Report

Retrieved on: 
Wednesday, November 29, 2023
Carbon, Economics, Policy, Essence, Financial analyst, Water, COP28, GDP, Recycling, Cobalt, Silicon, Mining, Eastside Locks, Farmer, Food security, Nickel, Growth, Paris Agreement, Agriculture, Renewable energy, SEA

SINGAPORE, Nov. 29, 2023 /PRNewswire/ -- As the landmark COP28 (28th United Nations Climate Change conference) kicks off this week, the development of climate tech to bring the region closer to the 2015 Paris Agreement targets is in the spotlight. Golden Gate Ventures, a venture capital (VC) fund in Southeast Asia (SEA) founded by Silicon Valley natives, and Venture East, one of India's longest-standing VC firms, have co-authored "The Essence of Climate Tech for India and Southeast Asia" report.

Key Points: 
  • In 2022, over US$70 billion was pumped into climate tech investments, nearly double 2021's record total[1].
  • We are on the threshold of a climate tech boom in SEA and India," said Michael Lints, Partner at Golden Gate Ventures.
  • "This report gives investors and the startup community the 'what' and the 'why' of climate tech.
  • Note: The following is the link to download a copy of "The Essence of Climate Tech for India and Southeast Asia" report: https://drive.google.com/file/d/1tWAph9XKxxTGn5KE2Tt7R-c1MH0tqgkA/view?u...

MyCONECT Eyes Expansion Post-ITB Asia, Targets Hotel Onboarding in Singapore and Key SEA Destinations, Sets Sights on Pan-Asian Growth

Retrieved on: 
Tuesday, November 28, 2023
James Kim, SEA, Property management system, Marketing, PMS, GCC, Tourism, Hotel

SEOUL, South Korea, Nov. 28, 2023 /PRNewswire-PRWeb/ -- The MyCONECT Platform offers a comprehensive hospitality experience by seamlessly connecting guests, staff, and hoteliers. Guests can access various hotel functionalities and services through the native app on their smart mobile devices, ensuring a top-quality and efficient hotel experience.

Key Points: 
  • SEOUL, South Korea, Nov. 28, 2023 /PRNewswire-PRWeb/ -- The MyCONECT Platform offers a comprehensive hospitality experience by seamlessly connecting guests, staff, and hoteliers.
  • Guests can access various hotel functionalities and services through the native app on their smart mobile devices, ensuring a top-quality and efficient hotel experience.
  • After ITB Asia, MyCONECT sets sights on hotels in Singapore and SEA hotspots, gearing up to deploy platform solutions across the region and expand further into Asia.
  • The positive response garnered at ITB Asia in Singapore this year speaks volumes about the excitement surrounding MyCONECT.