US protectionism eroding its allure in Asia

Protectionist trade policies and the lack of an economic agenda for East and Southeast Asia have become central themes in critiques of US policy towards the region and its approach to managing US-China “strategic competition.” According to these accounts, US protectionism undermines its economic draw in East Asia — and the political leverage stemming from it — at a time when it has […]Continue Reading

As Grab drives towards profitability, have drivers been kicked to the curb?

Singaporean technology company and superapp Grab is accelerating toward profitability. But as it directs focus to new business sectors and cuts back on spending, it risks leaving behind the gig workers who first built up the company

The post As Grab drives towards profitability, have drivers been kicked to the curb? appeared first on Southeast Asia Globe.

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Etana secures undisclosed financing from DEG, East Ventures, other global investors 

Funds will be channeled towards strengthening product portfolio
Aims to develop local biopharmaceutical production capabilities PT Etana Biotechnologies Indonesia (Etana) has secured an undisclosed amount in a new investment round, led by DEG. Other investors include Yunfeng Capital, HighLight Capital and East Ventures.  
In a statement, the Indonesian biopharmaceutical company said the funds…Continue Reading

AUKUS a hard nuke sale in next door SE Asia

MANILA – “I would say, ‘Do you need to be contained? Are you expanding? Are you an expansionist power?’ To a very great extent, the United States was the champion for China’s rise. And in no way are we seeking to contain China. But we are seeking for them to play by the rules,” said […]Continue Reading