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Singapore Airlines narrows quarterly losses by leaning on cargo revenue ANI | Updated: Feb 08, 2021 12:00 IST By Lee Kah Whye Singapore, February 8 (ANI): Increased flights and lower write-downs resulted in Singapore Airlines (SIA) reporting lower losses of SGD 142 million (USD 106 million) in its fiscal Q3 which ended December 31, 2020. This compares favourably with the huge SGD 2.34 billion (USD 1.75 billion) net loss it incurred in the previous quarter. Although this was a weaker performance compared with the SGD 315 million (USD 235 million) it made in the corresponding quarter in 2019, it is unsurprising considering the severe impact the COVID-19 pandemic has had on the travel industry last year. ....
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ANI | Updated: Jan 18, 2021 12:30 IST By Lee Kah Whye Singapore, January 18 (ANI): Last week, BukuKas, an Indonesian-based digital bookkeeping start-up, announced it had raised USD 10 million in Series A funding which was led by venture capital firm Sequoia Capital India, a subsidiary of famed global tech investment company Sequoia Capital. The latest capital injection brings Buku Kastotal funding to date to USD22 million. Investors involved in Series A include Saison Capital, January Capital, Founder bank Capital, Cambium Grove, Endeavor Catalyst and Amrish Rau BukuKas is a mobile credit tracking and accounting application designed to help Micro, Small, and medium-sized enterprises (MSMEs) manage their cash. It digitises physical financial record-keeping by assisting businesses to record their financial statements, monitors their sales, profit and credit automatically. As a result, it enables MSMEs to better monitor and ma ....
Is Indonesia attracting global digital investments ahead of India? ANI | Updated: Dec 21, 2020 12:50 IST By Lee Kah Whye Singapore, December 21 (ANI): There has been a recent upsurge of interest in the growing digital economy of Southeast Asia s largest economy, Indonesia. The archipelago nation of Indonesia stretches across four time zones, 17,500 islands and over 5,120 kilometres east to west. It has the world s fourth-largest population and one of the world s fastest-growing middle classes with a GDP of USD 1 trillion, which accounts for one-third of Southeast Asia s economic output. The size of Indonesia s middle class is estimated by the World Bank to be 52 million people or about 20 per cent of its 270 million population. In comparison, those defined to be in India s middle class is approximately 350 million or 25 per cent of the population which is significantly higher than Indonesia s. ....