Tag Archives: Southeast

Gojek drivers waiting for passengers in Indonesia. afif c. kusuma | iStock Editorial | Getty Images SINGAPORE – More than 75% of the population in six major Southeast Asian countries have access to the internet and a majority of them have shopped online at least once, according to a new report from Google, Temasek Holdings and Bain & Company. As many as 40 million people across Singapore, Malaysia, Indonesia, the Philippines, Vietnam and Thailand came online for the first time this year,… Source link

(Bloomberg) — Some of Southeast Asia’s old-money tycoons are boosting investment in technology startups, looking to ride a wave of surging valuations as they seek to counter the fallout of the pandemic on businesses ranging from retail to hospitality and manufacturing. Most Read from Bloomberg Holding companies, family investing arms and other vehicles of moguls from Thailand’s Dhanin Chearavanont to the Philippines’ Lance Gokongwei are either plowing millions of dollars directly into… Source link

(Bloomberg) — Alphabet Inc.’s Google and Facebook Inc. announced their participation in a new subsea cable system for 2024 set to improve internet connectivity across the Asia-Pacific region. Dubbed Apricot, the infrastructure project will link Japan, Singapore, Taiwan, Guam, the Philippines and Indonesia and help serve growing demand for broadband access and 5G wireless connectivity, Facebook said. In March, the company announced two new transpacific subsea cables connecting Singapore to… Source link

The vessel used to lay one of Google’s other subsea cables. Google Facebook and Google are planning to lay two huge subsea cables that will link the U.S. West Coast to Singapore and Indonesia, Southeast Asia’s biggest economy and home to a growing number of smartphone users.  The Echo and Bifrost trans-Pacific cables will increase the data capacity between the regions by 70% and improve internet reliability, Facebook said Monday. While Facebook is investing in both cables, Google is only… Source link

By Fanny Potkin, Aradhana Aravindan SINGAPORE (Reuters) – Facebook said on Monday it planned two new undersea cables to connect Singapore, Indonesia and North America in a project with Google and regional telecommunication companies to boost internet connection capacity between the regions. “Named Echo and Bifrost, those will be the first two cables to go through a new diverse route crossing the Java Sea and they will increase overall subsea capacity in the trans-pacific by about 70%,”… Source link

Bloomberg Turkey Says April Rate Cut Shouldn’t Be Taken for Granted (Bloomberg) — Turkish central bank Governor Sahap Kavcioglu said markets shouldn’t take for granted that he’ll cut interest rates as soon as April, when he sets monetary policy for the first time since his surprise appointment.“I do not approve a prejudiced approach to MPC decisions in April or the following months, that a rate cut will be delivered immediately,” Kavcioglu said in a written response to questions… Source link

(Bloomberg) — AstraZeneca Plc’s vaccine won approval from Thailand, becoming the third company to clear regulatory requirements for use in Southeast Asia. Thousands of people in Singapore and Indonesia have already received the Pfizer Inc.-BioNTech SE and Sinovac Biotech Ltd. vaccines, and their neighbors are signing more deals to procure supplies. China is also giving free vaccines to countries like the Philippines and Cambodia. Indonesia, Southeast Asia’s biggest and most populous… Source link