Latest news with #Traveloka
Independent Singapore
2 days ago
- Business
- Independent Singapore
Silicon Southeast Asia: How Singapore became the region's startup hatchery
SINGAPORE: A wave of high-growth startups from Thailand and Indonesia is leaving their home countries and choosing Singapore as their headquarters. This 'Singapore drift' is more than just moving. It is a strategic decision shaped by the city-state's exceptional business environment. Consider Traveloka, the Indonesian online travel platform. Its move to Singapore represents more than a simple address change. It is a step into a stronger innovation scene. The platform now has immediate access to global investors, a stable regulatory climate, and an excellent foundation for entering international markets. The appeal of Singapore is multifaceted. Unhindered by the bureaucratic hurdles one faces in Bangkok or Jakarta, a business can be launched in the city-state in three to five working days. It also gives investors security and confidence by permitting full foreign ownership, easy profit repatriation, and a transparent legal system. Access to capital is a key advantage. According to research firm Pitchbook and government agency Enterprise Singapore, Singapore attracted 68% of startup funding in Southeast Asia in 2024. Sovereign wealth funds like Temasek and GIC provide a direct route to international investment rounds that are nearly absent in nearby markets. This financial setup turns Singapore into not just a location but a real driver of innovation. See also Inter-agency task force aims to reduce PMD fire risks Finding talent also boosts the city's strong appeal. A diverse workforce and flexible work permit rules allow startups to create global teams easily. Multilingual professionals, excellent educational institutions, and an open immigration policy provide a rich and varied talent pool. Singapore's strategic location adds even more value. Its numerous free trade agreements and double taxation treaties create a smooth environment for regional and global growth. Startups can use the city as a strong launchpad into ASEAN markets and beyond, taking advantage of networks that would take years to establish elsewhere. However, there are problems with this shift. Thailand and Indonesia could face significant brain drain, which threatens their developing innovation ecosystems. This loss of talent and resources may hinder future success. Even with persistent regulatory challenges, limited funding options, and red tape in their home markets, Singapore remains appealing to foreign startups. Companies like Indonesia Traveloka and Thailand's 2C2P highlight Singapore's appeal as a destination for business internationalisation. With Singapore's finance centre representing a concentration of capital in the region, it also indicates a larger shift in Southeast Asian entrepreneurship—startups are no longer satisfied with local limits; they are now chasing environments that foster growth and advancement.
The Star
23-07-2025
- Automotive
- The Star
Shop at airports across Malaysia to win your dream ride
The grand prize for Licence To Win 2025 is a striking red Porsche. — Malaysia Airports/Facebook If you love travelling and you love shopping, a luxury car might just be yours for the taking. Combining the two can lead to this outcome so long as you participate in the 'Licence To Win' (LTW) contest. The flagship shopping campaign by Malaysia Airports returns for its 2025 edition, set to run from July 21 to Dec 31. Themed 'Own the Dream', this year's grand prize is a Porsche 911 Carrera – in a striking carmine red shade that is sure to turn heads. Additionally, a BMW R1300GS motorbike is up for grabs for shoppers at other international airports under Malaysia Airports' network. 'Our goal is to create experiences that go beyond routine. We are making this campaign more engaging, more inclusive, and more rewarding for every traveller, across every airport,' Hani Ezra Hussin, senior general manager for Commercial Services of Malaysia Airports, says in a press statement. Participation is made easier this year as all you'll need to spend for campaign entry is a minimum of RM100, at any of the 500-plus retail and dining outlets across Malaysia's international airports, including in Kuala Lumpur, Penang, Langkawi (Kedah), Kuching (Sarawak) and Kota Kinabalu (Sabah). You will enjoy double entries if you are a Traveloka member or you shop at Eraman, as the travel platform and duty-free retailer are LTW partners. Eraman's diverse shopping options that include Charlotte Tilbury, Xerjoff and Penhaligon's means that shoppers can easily purchase duty-free items such as chocolates, liquor and perfumes at participating airports. Traveloka, meanwhile, offers exclusive travel vouchers like flights, hotels, and travel activities, for travellers who dream of holidays in Switzerland, Australia and Japan. Visit or follow @shopmyairports (on Instagram and Facebook) for more information.
The Star
18-07-2025
- Automotive
- The Star
Boarding pass may hold key to unlock campaign's grand prize of luxury car
The 'Licence to Win' campaign is a partnership between MAHB, Eraman and Traveloka. This year's campaign will run from July 21 to Dec 31. PRIZES await lucky travellers as Malaysia Airports Holdings Bhd (MAHB) launches the 2025 edition of its 'Licence to Win' (LTW) shopping campaign. Running from July 21 to Dec 31, this year's campaign 'Own the Dream' will turn every boarding pass into a lucky draw ticket. Among the many rewards in store will be the grand prize of a red Porsche 911 Carrera. The 2025 LTW follows past successful campaigns featuring luxury supercars that included the McLaren 570S Coupé in 2019. The LTW campaign is a partnership between MAHB, Malaysia's leading duty-free retailer Eraman and South-East Asia's top travel platform Traveloka. The campaign aims to redefine airport guests' experiences by blending premium retail with extraordinary rewards. Local celebrities and influencers attended this year's edition launch that was held at Sepang International Circuit in Selangor. Among them were Awal Ashaari, Scha Alyahya, Daiyan Trisha, Amelia Henderson and Uyaina Arshad. MAHB commercial services senior general manager Hani Ezra Hussin highlighted the 2025 campaign's goal to create experiences that went beyond the routine. 'We are making this campaign more engaging, inclusive and rewarding for every traveller across every airport. 'Our strategy is more than just the revitalisation of Kuala Lumpur International Airport; it's about raising the bar across our entire network. 'That is why LTW is a cornerstone of our efforts to connect with travellers and shoppers. 'It reflects how we are reshaping the airport retail experience, making every transaction a touchpoint and every moment an opportunity to connect with guests,' she said. This year's campaign promises to be more inclusive, ensuring every traveller has a chance to win prizes. The campaign features a lower entry threshold, a larger prize pool and new partner rewards tailored to diverse traveller preferences. The minimum spend for the 2025 campaign entry is now just RM100. Travellers can dine to their heart's content since the airports' food and beverage (F&B) segment has seen an impressive 58% sales growth since 2019. There are over 500 dining as well as retail outlets across the Kuala Lumpur, Penang, Langkawi, Kuching and Kota Kinabalu international airports to choose from. In addition to the grand prize, shoppers at other MAHB international airports also stand a chance to win a sleek BMW R1300GS motorbike. A selection of duty-free products awaits travellers too, as Eraman recently brought in new stores such as Charlotte Tilbury, Xerjoff and Penhaligon's. The retailer has also refurbished its outlets offering the latest fashion, premium fragrances, chocolates and fine liquor. Meanwhile, Traveloka offers exclusive travel vouchers covering flights, hotels and travel activities. These offer passengers a chance at dream holidays in Switzerland, Australia and Japan. With over 140 million app downloads and more than 40 million monthly active users, Traveloka presents an integrated range of products that include flights, hotels and travel activities. For more information, visit or follow @shopmyairports on Instagram and Facebook.
Skift
10-07-2025
- Business
- Skift
Inside Traveloka's Southeast Asia Playbook
After 13 years in business, Traveloka isn't just growing, it's doubling down. On Southeast Asia. On relevance. On being the travel app that knows the region better than anyone else. Southeast Asia is a fragmented, complex travel market, but for Indonesia-based Traveloka, it's also the biggest opportunity. The numbers tell the story. Southeast Asia has 650 million people. About 60% are under 35, with a median age of 30. Mobile internet reaches 71% of the population. All this represents millions of first-time travelers with money to spend. 'Southeast Asia in general is a very exciting market. It's a region with a growing young, digitally engaged middle class population,' explained Traveloka President Caesar Indra in an exclusive interview with Skift. 'These populations are those who are very excited to travel, and a lot of them are also first-time travelers.' But the region is also tricky for outsiders, as it's not one market. Each country has different payment methods, travel habits, and cultural preferences. Traveloka learned this early and built localization into its core strategy – it's 'in our DNA,' he said. 'We now have more than 6
Nikkei Asia
29-05-2025
- Business
- Nikkei Asia
Singaporean travel app Traveloka enters Japan market
TOKYO -- Traveloka, one of the leading travel booking apps in Southeast Asia, has launched services in Japan, hoping to expand its share of the growing intra-Asian tourism market. The Singapore-headquartered company, which now operates in eight countries in the region, said that growing numbers of Southeast Asians want to travel to Japan, just as more Japanese people are traveling to Southeast Asia.
