Singapore deal activity falls 13.2% YoY in the first 2 months of 2024

In the whole of APAC, deal volume declined by 19.6% YoY.

Singapore’s total deals in the first two months of 2024, including mergers & acquisitions, private equity and venture financing deals, fell 13.2% YoY.

Data from GlobalData showed that deal activity also fell for the whole of Asia-Pacific (APAC) by 19.6% YoY to 1,843 deals.

Apart from Singapore, China (-23%), India (-12.9% YoY), Japan (-23.5%), Australia (-3.2%), South Korea (-12.2%), Malaysia (-32.4%), Hong Kong (-28.3%), Indonesia (-38.1%) and Thailand (-28.6%) saw declines in deal volume.

“In a challenging global landscape, the decline in deal activity across the Asia-Pacific region underscores the need for resilience and adaptability within the market. While these figures may reflect short-term fluctuations, they also present opportunities for strategic recalibration and innovation to drive sustainable growth in the future," Aurojyoti Bose, lead analyst at GlobalData, said.

Follow the link for more news on

GlobalData

Chart of the Day

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia