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Southeast Asian Startup Deals Hit Record Number in First Half

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Asia-focused Southeast

Southeast Asia-focused Jungle Ventures announces $225M first close for its fourth fund

(From left to right) Jungle Ventures’ founding partner Amit Anand, managing partner David Gowdey and founding partner Anurag Srivastava Southeast Asia’s funding boom is set to continue, with Jungle Ventures announcing today the $225 million first close of its fourth fund. Fund IV started raising in mid-May and is targeting a total of $350 million.…

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U.S. Eyes Partnership with Southeast Asia to Help Fix Supply Chain Issues

U.S. Vice President Kamala Harris met with executives from companies including 3M, Procter & Gamble, and UPS in Singapore on Tuesday to discuss global supply shortages that have hit businesses hard since the Covid-19 pandemic began, the Wall Street Journal reports.One of the topics of the discussions was a potential partnership with Southeast Asian countries to help develop long-term…

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Queensland Southeast

Southeast Queensland Residents Forced Into ‘Strictest’ 3 Day Snap Lockdown

Millions of Queensland residents in 11 local government areas (LGA) have been forced into a snap three-day lockdown after six new locally acquired cases of the CCP virus were confirmed in the Australian state. “We must go hard and go fast,” QLD Premier Annastacia Palaszczuk said in a statement on Saturday. “I know this will impact on many…

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Asia's Southeast

Southeast Asia’s COVID-19 Deaths Surging, with ‘Worst Yet to Come’—Save the Children

FAIRFIELD, Conn. – WEBWIRE – Thursday, July 22, 2021 Southeast Asia is fast becoming the region hardest-hit by COVID-19, with the rate of infections racing ahead of previously worst-affected places like Latin America and India. Save the Children is ‘deeply concerned’ about the catastrophic impact that the widespread loss of lives and livelihoods will have on the region’s children, who have already been…

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Uncategorized

Southeast Asia’s Largest Bank DBS Launches First Security Token Offering on Its Cryptocurrency Exchange

DBS, Southeast Asia’s largest bank, has launched its first security token offering (STO) on its cryptocurrency exchange. The DBS Digital Bond is priced at 15 million Singapore dollars. “We expect asset tokenization to increasingly become more mainstream,” said a DBS executive. DBS’ First Security Token Offering DBS announced Monday its first security token offering (STO)…

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Asian Southeast

Southeast Asian leaders call for end to violence in Myanmar

Leaders of the Association of Southeast Asian Nations on Saturday called for an immediate end to the violence in Myanmar.The big picture: ASEAN leaders, who met with Myanmar coup leader Senior Gen. Min Aung Hlaing in an emergency summit in Jakarta, released a five-point consensus, which said “there shall be immediate cessation of violence” in…