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.
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