Sunday, October 24, 2021
WeWork, a global space provider, has launched WeWork Growth Campus, a new initiative aimed at boosting Southeast Asia’s entrepreneurial startup ecosystem. While Southeast Asia has seen some scale-ups rise to new heights during the pandemic, COVID-19 has presented a huge challenge for startups and the community that supports them. With...
Indonesia consumer confidence fell to a 10-month low in July as the latest outbreak of COVID-19 and mobility restrictions imposed by the government cast doubt over businesses and household income in Asia's new pandemic epicenter. The country’s consumer confidence index was at 80.2 in July, falling sharply from 107.40 in...
A report by the Wall Street Journal on Monday (Aug 2) claims that the highly contagious Delta variant is stalling Asia's economic recovery after an early rebound. The report said that adding to rising COVID-19 cases, slow progress on vaccinations has begun to paralyze the region that had, until recently,...
Indonesia pulled out of recession in the second quarter, reporting its strongest annual growth rate in 17 years, but analysts warned its economic recovery will suffer a setback due to a recent surge in COVID-19 infections. Southeast Asia's largest economy grew 7.07% in the April-June quarter compared with a year...
Huawei announced its plan to invest US$100 million in startup support at the inaugural HUAWEI CLOUD Spark Founders Summit, which took place simultaneously in Singapore and Hong Kong. Huawei said the investment would go towards its Spark Program in the Asia Pacific region, which aims to build a sustainable startup...
Entrepreneurs - Is This The Right Time To Start A Business
At the moment with the never ending sight of the pandemic waning away, obviously there's a high degree of uncertainty in the world. For some though, in this unprecedented time, it's the perfect opportunity to start a business. Historically, after every financial crisis, innovation and creativity tends to spark new...
SoftBank Group (SBG) is stepping up investment in startups in Southeast Asia again. Many of these startups are unicorns -- a company valued at over $1 billion -- or soon-to-be unicorns. SBG aims to repeat the success it made with Grab, a Singapore-based ride-hailer, whose corporate value shot up after...
Companies in South-east Asia raised a record US$4.9 billion through initial public offerings (IPOs) in the first six months of this year, according to Bloomberg's equity capital markets data. With a further US$4.1 billion raised through additional and rights offerings, the total amount raised by these newly listed firms via...
South Korea's trade ministry said on Tuesday (Jul 27) it has launched talks with ASEAN to update their free trade agreement (FTA) and further lower trade barriers, as the country seeks to diversify its trade portfolio and expand its presence in Southeast Asia. Officials from the two held a virtual...
The growth rates of the sharia economy in 2020 and early 2021 have been better than those of the national economy, Bank Indonesia (BI) has said. "In 2020, the growth of the sharia leading sector contracted by minus 1.72 percent, while the national growth, minus 2.07 percent," deputy governor of Bank Indonesia,...
Indonesia's central bank has cut its forecast for 2021 economic growth to 3.8% based on early assessment of the impact of recent coronavirus restrictions, from a previous forecast of 4.6%, its governor said on Monday. Southeast Asia's largest economy has been battling the region's worst COVID-19 epidemic, with cases and...
Online marketplace Bukalapak aims to raise as much as 21.9 trillion Indonesian rupiah ($1.5 billion) in an initial public offering, the first of Indonesia’s tech unicorns to tap the country’s stock market. Bukalapak plans to offer about 19.3 billion shares at 750 to 850 rupiah apiece, raising about $1.1 billion,...

Follow Us

176,383FansLike
804FollowersFollow