Indonesians are bracing to pay more for everyday expenses like transportation, parcel deliveries, and e-commerce following an increase in fuel prices — the first in eight years — over the weekend. The Joko Widodo-led government on Saturday raised fuel prices by more than 30% across the archipelago in a bid to curb soaring fuel subsidies,… Continue reading Indonesians brace for higher ride-hailing, e-commerce costs after fuel price hike
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‘The Lord of the Rings: The Rings of Power’ sets Amazon Prime viewing record
The two-episode premiere of The Lord of the Rings: The Rings of Power drew 25 million viewers around the world in 24 hours, making it the biggest debut in Prime Video’s history, Amazon said in a press release. “It is somehow fitting that Tolkien’s stories — among the most popular of all time, and what… Continue reading ‘The Lord of the Rings: The Rings of Power’ sets Amazon Prime viewing record
Vantage Point: Indonesia’s fuel price hike is painful but necessary for fiscal health
Angus Whistler Mackintosh 05 September, 2022 Note: The Vantage Point weekly newsletter will be taking a break from your inboxes. In our 37 editions so far, we have presented insights and analysis of key developments related to the digital economy space in SE Asia, particularly Indonesia. You can access the previous Vantage Point weekly posts… Continue reading Vantage Point: Indonesia’s fuel price hike is painful but necessary for fiscal health
China’s state-backed CPU developer Zhaoxin raises ‘billions of yuan’ in new funding
China’s state-backed Shanghai Zhaoxin Semiconductor has secured “billions of Chinese yuan” in a Series A+ round of financing to advance the development of its central processing unit (CPUs), mainly used in desktop computers and servers. Shanghai-headquartered Zhaoxin raised the fresh capital from lead investors Sun Rock Capital and Shanghai State-Owned Assets Management — two state… Continue reading China’s state-backed CPU developer Zhaoxin raises ‘billions of yuan’ in new funding
SE Asia Deal Roundup: Eezee, Coolmate, Skorlife raise fundingEezee’s funding round was anchored by ACTIVE Fund.
Three Southeast Asian startups – Singapore’s Eezee, Vietnam’s Coolmate, and Indonesia’s Skorlife – have announced fresh funding. Procurement startup Eezee raises $7.5m in Series A funding Eezee, a Singapore-based procurement startup, has announced raising $7.5 million in its Series A funding round anchored by Philippine VC investor ACTIVE Fund. Existing investors Insignia Ventures, Wavemaker Partners,… Continue reading SE Asia Deal Roundup: Eezee, Coolmate, Skorlife raise fundingEezee’s funding round was anchored by ACTIVE Fund.
Grab rival Vietnam-based Be Group raises $60m loan from Deutsche Bank
Vietnam-based Be Group, the owner and developer of on-demand multi-service consumer platform be, has raised a loan facility of $60 million from Deutsche Bank, which can be upsized up to $100 million. Be said it will use the proceeds to continue scaling up its three primary consumer services of ride-hailing, food delivery and digital bank… Continue reading Grab rival Vietnam-based Be Group raises $60m loan from Deutsche Bank
Cleantechnica: Norway’s Plugin EVs Still Falling, For Reasons 002221
Norway, the country furthest along in the electric vehicle transition, saw a second consecutive month of falling plugin electric vehicle share, at 86.1% from 87.7% a year ago. Like last month, full electrics did see annual growth in share, but this was outweighed by the greater falling share of plugin hybrids. Overall auto volumes also… Continue reading Cleantechnica: Norway’s Plugin EVs Still Falling, For Reasons 002221
LG brings NFTs to its LED and OLED TVs
Over its long history, LG has never been shy about jumping on some unusual bandwagons. So it should come as no surprise that the South Korean electronics giant is getting into NFTs. Starting today, if you live in the US and own a webOS 5.0 or later TV, you’ll have access to the company’s new… Continue reading LG brings NFTs to its LED and OLED TVs
Cloudflare blocks trans harassment forum Kiwi Farms following escalation of ‘targeted threats’
DNS and internet security provider Cloudflare has blocked Kiwi Farms, an infamous forum known for its online and real-world harassment campaigns. CEO Matthew Prince announced the company’s decision on Saturday after it initially resisted calls to stop protecting the website. “As Kiwi Farms has felt more threatened, they have reacted by being more threatening,” Prince… Continue reading Cloudflare blocks trans harassment forum Kiwi Farms following escalation of ‘targeted threats’
SLS fuel leak likely to delay Artemis 1 launch to October
NASA’s next-generation Space Launch System likely won’t fly in September. After a fuel leak forced the agency to scrub its second attempt to launch Artemis 1, there had been some hope the mission could get underway before its current launch window ended on September 6th. That won’t be the case. “We will not be launching… Continue reading SLS fuel leak likely to delay Artemis 1 launch to October