Category: Tech News

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Malaysia’s Permodalan to add infrastructure assets next year in diversification drive

Malaysia’s largest asset manager, Permodalan Nasional Bhd (PNB), plans to add infrastructure assets into its portfolio from next year to diversify its exposure and navigate the current high inflationary environment, its top executive said. PNB, which managed 336.7 billion ringgit ($72.46 billion) of assets in 2021, has the majority of its portfolio invested in public… Continue reading Malaysia’s Permodalan to add infrastructure assets next year in diversification drive

‘Warung tech may become attractive as VCs now prefer execution over innovation’

Neighbourhood stores are as ubiquitous as tuk-tuks in Asia. Indonesia, for instance, is home to 3.5 million warungs, while India houses 13 million kirana stores, which sell items from groceries, toiletries, and cosmetics to snacks and cigarettes. Despite being commonplace, there is much scope for improvement when it comes to venture investments in warung and… Continue reading ‘Warung tech may become attractive as VCs now prefer execution over innovation’

Boeing-backed Wisk Aero reveals a four-seater autonomous air taxi

/ The Boeing-backed startup is hoping that FAA certification will allow it to launch the first air taxi startup, but the process has proven to be slow going Air taxi startup Wisk Aero unveiled its sixth-generation aircraft, an all-electric four-seater that can fly without a human pilot. The Boeing-backed company said it will seek approval… Continue reading Boeing-backed Wisk Aero reveals a four-seater autonomous air taxi

Maserati’s GranTurismo Folgore will be its first EV

/ New details emerge as the Italian luxury automaker gets set to electrify its whole lineup The Folgore EV is one of three GranTurismo models coming.Image: Maserati Maserati is releasing new details on its redesigned GranTurismo luxury performance coupe, and offers some fresh tidbits on the upcoming all-electric version of it. Announced in March, The… Continue reading Maserati’s GranTurismo Folgore will be its first EV

Tesla delivered a record 343,830 vehicles in Q3, but still missed Wall Street’s forecasts

Tesla reported Sunday it delivered 343,830 vehicles in the third quarter, a new record and a turnaround from earlier this year when a shutdown at its China factory and challenges around opening factories in Berlin and Austin affected how many vehicles it was able to get into customers’ driveways. Despite the rebound and record number,… Continue reading Tesla delivered a record 343,830 vehicles in Q3, but still missed Wall Street’s forecasts

Disney’s networks are back on Dish following a ‘handshake agreement’

Disney stations including ABC, ESPN, FX and Disney Channel are back on Dish and Sling TV after the two parties reached a tentative agreement, Deadline has reported. A total of 17 Disney channels disappeared from the services on Friday, October 1st over a carriage disagreement. “We have reached a handshake agreement with Dish/Sling TV, which… Continue reading Disney’s networks are back on Dish following a ‘handshake agreement’

Shenzhen bourse suspends registration of BYD unit’s IPO applicationThe company is looking to raise $281m through the public offer

Shenzhen stock exchange has suspended its registration of an initial public offering (IPO) application by Chinese automaker BYD Co Ltd‘s chip unit in China, according to a filing on the exchange dated Sept. 30. BYD Semiconductor needs to update its listing application with its latest financial reports, the filing said. The company aims to raise 2… Continue reading Shenzhen bourse suspends registration of BYD unit’s IPO applicationThe company is looking to raise $281m through the public offer

Prosus terminates $4.7b deal to buy Indian payments platform BillDesk

Dutch-based technology investor Prosus NV said on Monday its $4.7-billion deal to buy Indian payments platform BillDesk has been terminated, adding that conditions had not been met. In a short statement, Prosus said “certain conditions were not fulfilled” by a Sept. 30 deadline and “the agreement has terminated automatically in accordance with its terms.” BillDesk could not immediately be reached for comment. A spokesperson for Prosus said… Continue reading Prosus terminates $4.7b deal to buy Indian payments platform BillDesk

Chinese developer Sunac fulfils onshore bond payments as planned

Chinese property developer Sunac China made the June amortisation payments on an onshore bond as planned, scrapping an attempt to extend repayment, two sources with direct knowledge told Reuters. The Beijing-based group has been struggling to repay its creditors, and is undergoing an offshore debt restructuring after defaulting on some dollar bonds this year. Sunac had sought to… Continue reading Chinese developer Sunac fulfils onshore bond payments as planned