Southeast Asia
Singapore’s DBS Lender posts record initial-quarter profit, beating estimates
A DBS Team Holdings Ltd. logo atop an automated teller machine (ATM) at a lender branch in Singapore, on Wednesday, Feb. 17, 2021. Lauryn Ishak | Bloomberg | Getty Visuals Singapore’s largest bank DBS reported document initially-quarter financial gain on Tuesday, soaring a much better-than-expected 43% from a yr previously on a higher net fascination […]
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Asia’s year in review: Who had it good — and who had it bad — in 2022
Police officers step into the vandalized gateway to Sri Lanka’s presidential palace in July. The country has been hit hard by an economic crisis. Abhishek Chinnappa | Getty Images News | Getty Images Curtis S. Chin, a former U.S. ambassador to the Asian Development Bank, is managing director of advisory firm RiverPeak Group. Jose B. […]
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Youth was no barrier to accomplishment for this founder of a multimillion-dollar startup. She shares 3 strategies
Launching a startup without the need of any small business encounter may well be complicated. But that did not cease Chrisanti Indiana — who was just 24 many years old when she co-established Social Bella. “You have absolutely nothing to lose, which is truly the gain of starting up young,” Indiana, now 31, told CNBC […]
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This millennial couple’s vegan ice cream company is bringing in 6 figures for each thirty day period
When Ishpal and Serina Bajaj approached a purchasing mall in Kuala Lumpur, Malaysia, to open a vegan ice product store, they were being satisfied with disapproval. “They pretty much laughed, like nobody’s going to eat plant-based ice cream,” reported Ishpal. “I imagine the entire perception of it was that plant-primarily based [desserts] had been sorbets […]
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This few travels the world total time. Here’s what it charges — and how they fork out for it
Ernestas Tyminas felt “caught” in his job as a promoting manager at a newspaper in Colorado Springs, Colorado. So he asked for two months off to backpack by means of Asia, he reported, landing in Beijing in January 2019. “On the to start with working day … I meet this one particular,” he mentioned, gesturing […]
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Japanese shipping giant to take part in tidal power project planned for Singapore
Buildings in Singapore at dusk. Asia is already home to a number of tidal power projects. Guvendemir | E+ | Getty Images Japanese shipping giant Nippon Yusen Kaisha is to take part in a tidal power project planned for Singapore, as the emerging marine energy sector gains traction. The demonstration project, run by Singapore-owned Bluenergy […]
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His company makes millions producing toys. Now it’s venturing into blockchain and the metaverse
When Jackson Aw was introduced to blockchain technology in 2018, he “didn’t get it at all.” “Can someone dumb it down even further for me? Like, can you just tell me what I can get as a consumer?” That was four years ago. Today, Aw, seems to have the answer to that question. The 32-year-old […]
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Tourists are flocking back to Southeast Asia — but the robust recovery is showing signs of cracks
After more than two years of lockdowns and border controls, Southeast Asia is finally experiencing some semblance of the old days of travel. Flights are steadily returning to 2019 levels in the region’s major economies, with Singapore, Thailand and Malaysia being the most popular destinations this year, according to the flight data analytics firm Cirium. […]
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Southeast Asia’s start-ups have fired hundreds of workers, and this may be just the beginning
Southeast Asia’s tech companies are laying off workers as they brace themselves for a tougher fundraising environment. Guilliermo Perales Gonzalez | E+ | Getty Images Hundreds of workers from start-ups in Southeast Asia have been fired in the last few months, proving that the fast-growing industry is not immune to the global economic slowdown. At […]
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Sequoia says it is optimistic about Southeast Asia’s start-ups despite challenging market
Venture capital firm Sequoia is still “quite optimistic” about long-term prospects for start-ups, despite the recent market volatility. “This is a particularly challenging market for founders to get started,” Abheek Anand, managing director of Sequoia Southeast Asia, told CNBC’s “Squawk Box Asia” on Wednesday. When asked about the firm’s outlook for Southeast Asia’s start-ups, Anand […]
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