While cryptocurrency has almost reached a saturation point in other parts of the world, it remains a blue ocean in the Philippines, which perhaps explains the growing investor interest in the local industry, Jack Ponce-Enrile, co-founder and chairman of local tech investor First Shoshin Holdings Corporation, told DealStreetAsia in an exclusive interaction. “While we are one… Continue reading Cryptocurrency is a blue ocean in the Philippines, says First Shoshin’s EnrileFirst Shoshin invests in digital consumer services and blockchain techno…
Category: News Type
Indonesian quick commerce startup Radius said to be in talks to raise up to $10m
Quick commerce startup Radius, which operates in areas outside Jakarta in Indonesia’s Java island, is finalising an up to $10 million seed round. Existing investor Insignia Ventures Partners may top up in the round, while Radius is also likely in talks to rope in US venture capital firm Kleiner Perkins as a new investor, two… Continue reading Indonesian quick commerce startup Radius said to be in talks to raise up to $10m
Insurers Taiwan Life and Cathay Life commit capital to new PE, VC funds
Taiwan Life has committed 600 million New Taiwan Dollars ($20 million) to the latest venture capital vehicle of local VC firm Taiwania Capital, the insurer said in a regulatory filing. The fund, Taiwania Capital Buffalo Fund VI, targets to raise as much as $200 million, according to a separate presentation by the VC firm. Go… Continue reading Insurers Taiwan Life and Cathay Life commit capital to new PE, VC funds
Investors mull forensic audit of shuttered Pak delivery startup Airlift
At least one group of investors is mulling conducting a forensic audit of Airlift — the Pakistan-based, last-mile delivery startup that abruptly folded up on July 12. DealStreetAsia has learned that investors and stakeholders of the company believe the decision to completely shut down — announced on the third day of Eid, a three-day religious… Continue reading Investors mull forensic audit of shuttered Pak delivery startup Airlift
Singapore central bank set to formulate tighter rules for crypto companies
Singapore is set to get tougher on cryptocurrency companies in the coming months, as the central bank plans to start talking with industry players by September or October with a view to drawing up tighter regulations for the emerging sector. The Monetary Authority of Singapore’s Managing Director Ravi Menon signalled this on Tuesday with the… Continue reading Singapore central bank set to formulate tighter rules for crypto companies
Naval Sea Systems Command Awards Leidos $291 Million Follow-On Contract
RESTON, Va., July 19, 2022 /PRNewswire/ — Leidos (NYSE: LDOS), a FORTUNE® 500 science and technology leader, was recently awarded a follow-on contract to support the Navy’s Program Executive Office Integrated Warfare Systems Directorate. The single award, cost-plus-fixed-fee contract holds an approximate value of $291 million. It includes a one-year base period of performance with… Continue reading Naval Sea Systems Command Awards Leidos $291 Million Follow-On Contract
NASA to Discuss Status of Artemis I Moon Mission
WASHINGTON, July 19, 2022 /PRNewswire/ — NASA will hold a media teleconference at 11 a.m. EDT Wednesday, July 20, to discuss next steps for the Artemis I mission with the Space Launch System (SLS) rocket and Orion spacecraft at the agency’s Kennedy Space Center in Florida. Audio of the call will livestream on NASA’s website.… Continue reading NASA to Discuss Status of Artemis I Moon Mission
Army bought 1 GMC Hummer EV from GM: What it will do with it
The U.S. Army wants an electric vehicle from General Motors. On Tuesday, GM’s subsidiary GM Defense said it was selected to provide a battery electric vehicle for analysis and demonstration to the Army, so it will offer up the 2022 GMC Hummer EV pickup. “The U.S. Army has bought one Hummer through GM Defense,” said Sonia Taylor,… Continue reading Army bought 1 GMC Hummer EV from GM: What it will do with it
2024 Chevy Blazer EV expected to get nearly 300 miles of range, go 0-60 mph in 4 seconds
The new all-electric 2024 Chevrolet Blazer revealed Monday night will come in variations and price points designed to appeal to everyone from daily drivers to the police, Chevrolet executives said. General Motors will start production of the midsize SUV next year. It will be the second all-new EV to enter Chevrolet’s lineup after the Bolt EV and… Continue reading 2024 Chevy Blazer EV expected to get nearly 300 miles of range, go 0-60 mph in 4 seconds
Stellantis plan to end Jeep joint venture in China leaves analysts pondering what’s next
Stellantis is resetting its Jeep brand plans for the Chinese market, where the company and its predecessors have struggled to make an impact. Rather than producing Jeeps in China, the company said in a news release Monday, it will support the brand’s customers in the world’s largest automotive market with an “electrified lineup of imported… Continue reading Stellantis plan to end Jeep joint venture in China leaves analysts pondering what’s next