So I hear from the Valley grapevine that the Robinhood could hit Nasdaq anytime in the next few weeks and the underwriters have begun the roadshow for HOOD at a valuation of $35 to $40 billion. This could be the mother (and father) of all shorting opportunities as I would not touch this puppy with a ten foot pole. Why? One, the two founders own less than […]
JAKARTA, INDONESIA /SINGAPORE – Media OutReach – 16 July 2021 – Tanoto Foundation, an independent philanthropy organization established by Sukanto Tanoto and Tinah Bingei Tanoto in 1981, has launched its inaugural ‘Unlocking Potential: Conversations with Tanoto Foundation’ podcast series. The first episode, titled ‘Beyond the Pandemic’ and available on Spotify and YouTube, features Tanoto Foundation Trustee Belinda Tanoto and infectious diseases expert Professor Tikki Pangestu. Belinda Tanoto, […]
Every few years governments review their national immigration programs to determine whether the program is still aligned with their set out objects. In most cases the government responds by increasing the program investment requirement in an effort to keep up with the rising inflation rate and demand. This can be evidenced by looking at the United Kingdom’s golden visa. However, the EB-5 program was at $500,000 for […]
Arabian Post Staff CARS24, one of the world’s fastest-growing e-commerce platforms for pre-owned vehicles, has entered the UAE. The company has invested heavily on its technology framework and has become one of the first companies in the UAE to provide a seamless car buying experience entirely online. A customer can browse through thousands of cars, identify and book their favourite car, complete the full payment and documentation […]
KUALA LUMPUR, MALAYSIA – Media OutReach – 15 July 2021 – Easybook.com (Easybook) – Southeast Asia’s leading long-range mobility software provider has just completed a Series-C funding round led by investment firm Emissary Capital (Emissary). The round equaling a total of USD5M features a combination of both new and vendor shares, and will be utilized to bolster Easybook’s already significant presence across the region. Easybook.com is Southeast […]
Windows 365 will deliver a full, personalized PC experience from the cloud to any device, giving workers and organizations power, simplicity, and security for hybrid work. SINGAPORE – Media OutReach – 15 July 2021 – Microsoft Corporation today announced Windows 365 – a cloud service that introduces a new way to experience Windows 10 or Windows 11 to businesses of all sizes. Windows 365 takes the operating […]
James M Dorsey A major Muslim and Evangelical organization joined forces this week to significantly advance hitherto state-backed ceremonial inter-faith dialogues that seldom go beyond platitudes and lofty statements. This week’s launch at a Washington DC mosque of an inter-faith alliance and a book published by the Institute for Humanitarian Islam and the Germany-based World Evangelical Alliance (WEA) as well as the Center for Shared Civilizational Values constitutes an […]
SINGAPORE – Media OutReach – 14 July 2021 – PTC System (S) Pte Ltd, a subsidiary of IIJ Inc. (PTC), today announced the launch of an AI Integration Hub to enable enterprises to better harness the power of artificial intelligence (AI) and data science to solve complex problems. The PTC AI Integration Hub is built on NetApp® ONTAP® AI, a converged infrastructure stack that combines NVIDIA DGX™ […]
Arabian Post Staff The Dubai Financial Services Authority (DFSA) has published a Decision Notice against Ashish Bhrugu Dave , a former Chief Financial Officer (CFO) of the Abraaj Group, imposing a penalty of USD 1,700,000 (AED 6,243,250). The notice also prohibits and restricts Dave from performing any function in connection with the provision of financial services in or from the DIFC. Dave was the Abraaj Group CFO […]
I owe a debt of gratitude to a brilliant, young, Gen-Z Mademoiselle, whose knowledge of the Silicon Valley ecosystem (and tango!) has helped me source and syndicate some of the best VC financed late stage pre-IPO deals ever seen in the Middle East. Prose is way too prosaic to express my admiration for her talent and diligence and I do not want to write her a poem […]
Online sales of the luxury watch remain low at only 25% of the total sales for pre-owned luxury watch Offers authenticity guarantees and certifications by professional and experienced watch appraisers The venture into the e-Commerce platform would require a total investment of RM250 million, and the response from potential investors has been overwhelming KUALA LUMPUR, MALAYSIA – Media OutReach – 13 July 2021 – Bursa Malaysia Main […]
As I have a natural obsession with global edtechs in both the pre-IPO capital markets and Nasdaq, I believe a tactical trade opportunity is in sight in Coursera (COUR), down from its post IPO high of 62.50. COUR now trades at $5.26 billion market cap or 13.8X its revenue guidance for 2021. There is no doubt that the pandemic has only accelerated a global trend towards online […]
Rechtsanwalt Dr. Michael JafféInsolvency Administrator of Wirecard Sales International Holding GmbH Disposal of Subsidiaries in Asia well advanced: Further sale in Indonesia – transactions completed in Hong Kong and Malaysia MUNICH/ASCHHEIM/DUBLIN/KUALA LUMPUR/HONG KONG/JAKARTA – EQS Newswire – 12 July 2021 – The insolvency administrator has achieved further success in completing additional divestitures as part of the insolvency proceedings regarding the assets of Wirecard AG and Wirecard Sales […]
JAKARTA, INDONESIA – Media OutReach – 12 July 2021 – To support Indonesia’s efforts in the urgent fight against the COVID-19 pandemic, Tanoto Foundation today announced it is donating 500 tons of oxygen to hospitals. The donation is made by pulp and paper maker APRIL Group’s Indonesia operations PT Riau Andalan Pulp & Paper (RAPP), based in Riau’s Pangkalan Kerinci. Tanoto Foundation is an independent philanthropy organization […]
It is ironic that the US Dollar Index (DXY) rose to 92.85 even as the yield on the 10 year US Treasury note tanked from 1.75 in March to as low as 1.26 last Thursday. Economic data, high yield credit spreads and the TIPS inflation breakevens convinced me that the fall in bond yields had less to do with shifts in Federal Reserve monetary policy or inflation/growth […]
HONG KONG SAR – Media OutReach – 9 July 2021 – As the pandemic gradually calms down, though overseas vacations are impossible this summer, we can still have fun from local outdoor activities, mountain climbing and running activities. Amidst pandemic disruptions to daily lives, Cushman and Wakefield organises the “Run for Taste” virtual run race from July 17 to August 29, giving everyone a chance to enjoy […]
PORT LOUIS, MAURITIUS – EQS Newswire – 9 July 2021 – The Mauritius Commercial Bank Ltd (MCB) (www.MCB.mu) is adopting MITECH’s system TRAC (Trade Risk Active Control) to support a continuous and significant growth in its Commodity Trade Finance (CTF) business. TRAC is a Trade Risk and Collateral Management system supporting Structured Trade Commodity Finance. The TRAC solution handles not only Transactional Commodity Finance but Borrowing Base […]
HONG KONG SAR – Media OutReach – 9 July 2021 – Today, IX Asia Indexes Company Limited announced the 2nd quarter review of the ixCrypto Index (“IXCI”). This is the first crypto benchmark index launched in Hong Kong. There are three constituents’ additions and no deletion. The number of the constituent cryptos will increase from 8 to 11 after the changes. The additions are as follows: Additions: […]
Upcoming listing marks the first Malaysian-owned HCM Solutions provider on BURSA’s ACE Recent public oversubscription of company’s shares signal market appetite for cloud, AI-based HCM solutions and employee engagement platforms CEO Cllement Tan carves niche and becomes youngest founder entrepreneur to reach IPO in recent times, spotlighting HR Tech as the next frontier in business digitalisation More than 50 per cent of funding to be used for […]
The Hong Kong Public Offering was approximately 145.3 times subscribed and Offer price set at HK$3.28 per share HONG KONG SAR – Media OutReach – 8 July 2021 – YesAsia Holdings Limited (“YesAsia” or the “Company“; together with subsidiaries, the “Group“; SEHK stock code: 2209), a Hong Kong-headquartered E-commerce platform operator engaging in the procurement and sale of Asian fashion and lifestyle, beauty and entertainment products to […]
The United States EB-5 Immigrant Investor program reached its sunset date on June 30, 2021. The national immigrant investor program that has been a pivotal tool for the U.S. economy and labour market has failed to be reauthorized by Congress. This means that as of 1 July, 2021, the United States Citizenship and Immigration Services (USCIS) cannot accept new investor petitions into the EB-5 Regional Center Program. […]
F&B Rents in First Rise Since Q3 2016 yet Relaxation of Cross-Border Restrictions may Impact Short-Term Demand Highlights of Office Market – Citywide rents dropped 1.4% q-o-q, mild decline from -2.0% q-o-q in Q1 – Net absorption at -192k sq ft, improved from -900k sq ft in Q1 – Availability rate at 14.4% is expected to remain stable in 2H 2021 Highlights of Retail Market – YTD […]
There is no shortage of attractions on Yas Island in Abu Dhabi. Aside from being the home to some of the best beach resorts in the UAE, it also houses world-class theme parks, hotels, and exciting adventures you wouldn’t want to miss. Planning to head there soon? Here are the top five answers to some of the most frequently asked questions about Yas Island: 1. Is […]
Innovative oil spill recovery and dam water level monitoring solutions receive a US$75,000 grant each to help save lives from natural disasters HONG KONG SAR – Media OutReach – 6 July 2021 – Prudence Foundation, the community investment arm of Prudential in Asia and Africa, together with Humanitarian Partner International Federation of Red Cross and Red Crescent Societies (IFRC) and Technology Partner Lenovo, have announced the winners […]
