Seven other firms participated in this funding round
Funds will used to deepen penetration across Indonesia, improve customer experience EdenFarm, a food service-focused startup based in Indonesia, has secured US$13.5mil (RM57.3 million) in its latest Pre-Series B bridge round led by Telkomsel venture arm â TMI, AppWorks and AC Ventures. Decart Ventures,…Continue Reading
A court has been asked to impose a heavy jail term on a former police officer who has been charged with trafficking over 170kg of crystal methamphetamine.Continue Reading
China will have to pay more to buy coal from Mongolia, which says it will stop shipping its solid fuel to China directly from February and instead sell it through auctions. Mongolia will also use border price, instead of pithead price, to sell its coal starting Wednesday, meaning that the new price will include the transportation […]Continue Reading
MANILA – President Ferdinand Marcos Jr trumpeted the particular Philippines’ fastest economic growth rate within recent memory in the World Economic Discussion board in Davos within a bid to stoke new investor interest in his country. Based on the latest data launched by the Philippine Stats Authority (PSA), the Southeast Asia nation’s gross domestic item (GDP) expanded […]#@@#@!!Continue Reading
Indonesia is looking into forming an OPEC-style cartel for nickel, a key component of EV batteries, to drive inbound investment – but there are reasons to approach this idea with caution, says an academic.Continue Reading
The oil “price cap” of US$60 per barrel for Russian oil is a controversial move by the European Union and G7. The price cap prohibits Western insurers and shipping companies, which account for more than 90% of the marine insurance industry, from servicing vessels that carry Russian oil above $60 per barrel. The intention is lofty — […]Continue Reading
TOKYO – Investors betting that the US Federal Reserve is throttling back on interest rate hikes aren’t paying attention to events in China. The jump in oil and other key commodity prices already points to a China reopening trade that’s likely only just beginning. In the last month, Xi Jinping’s economy swung suddenly from “zero-Covid” […]Continue Reading
Layoffs has not affected ops in Malaysia, Singapore, and Indonesia “Important to reiterate to everyone that customer funds are safe” Digital asset exchange Luno’s recent announcement of the layoffs for roughly a third of their staff globally is the result of “an incredibly tough year”, but will not affect operations in the…Continue Reading
Despite Western media reports that the Netherlands would follow the US guidelines on technology exports to China, ASML’s chief executive Peter Wennink said Wednesday that the company would probably maintain its level of exports to mainland China this year. ASML’s sales of chipmaking equipment to China rose from about US$700 million in 2016 to US$2.8 […]Continue Reading
Indian billionaire Gautam Adani hits back after fraud claims wipe billions off his company.Continue Reading