Posts filtered by tags: Asia[x]


ITB Asia Virtual kicks off with the launch of ITB Community

Messe Berlin (Singapore) today announced the launch of ITB Community, in Asia (ITB Community). ITB Community will offer a comprehensive user experience, virtual events (including the upcoming ITB Asia Virtual, which takes place from 21-23 October 2020) with business networking opportunities, and knowledge exchange with expansive interactive content for community members to leverage on.
Tags: Travel, Asia, Messe Berlin Singapore, ITB Asia Virtual, ITB Community, ITB Community ITB Community

Counting the Social Costs of Tourism in the COVID-19 Era In Asia

During the COVID-19 pandemic, tourism scholars and practitioners have directed their attention to local communities in tourist destinations, examining their safety and well-being and the costs that they bear due to tourism activities. Yet according to the SHTM's Professor Haiyan Song and Dr Jinah Park and their co-researchers, it is now time to discuss the social costs of tourism during crises. How much are local communities willing to sacrifice to reduce these costs? Analysing local resi...
Tags: Travel, Asia, Haiyan Song, SHTM, Social Costs of Tourism, Jinah Park

COLUMN- #Saudi Aramco sees Asian crude oil demand recovering. But is it?: Russell - Reuters

COLUMN-Saudi Aramco sees Asian crude oil demand recovering. But is it?: Russell - Reuters:Saudi Aramco sees a recovery in global oil demand, a view that would justify the paltry reduction in the price the world’s biggest crude exporter will charge refiners in Asia for cargoes loading in September. Customers probably have a different view.Aramco Chief Executive Amin Nasser told reporters on Aug. 9 that demand was recovering as countries try to restart economies after lockdowns aimed at curbing th...
Tags: Travel, Asia, China, Aramco, Saudi Aramco, Rupert Neil Bumfrey, Amin Nasser, Russell Reuters

Trump signs executive orders banning transactions with TikTok and WeChat

President Donald Trump signed an executive order on Thursday banning transactions with ByteDance, the parent company of popular app TikTok . The White House also announced that he signed a similar order banning transactions with Tencent-owned WeChat, a messaging app that is ubiquitous in China, but has a much smaller presence than TikTok in the United States, where it is used mainly by members of the Chinese diaspora. Both orders will take effect in 45 days. INBOX: @realDonaldTrump has sig...
Tags: Travel, TC, Apps, Asia, Microsoft, White House, China, US, Policy, Beijing, United States, Tencent, WeChat, Chinese communist party, Donald Trump, Trump

More Chinese phones could lose US apps under Trump’s Clean Network

Over a third of the world’s smartphone sales come from Chinese vendors Huawei, Xiaomi and Oppo. These manufacturers have thrived not only because they offer value-for-money handsets thanks to China’s supply chains, but they also enjoy a relatively open mobile ecosystem, in which consumers in most countries can freely access the likes of Google, Instagram and WhatsApp. That openness is under attack as the great U.S.-China tech divide inches closer to reality, which can cause harm on both sides. T...
Tags: Travel, Apple, Google, Asia, Microsoft, Government, China, US, Tesla, Whatsapp, Beijing, Alibaba, Xiaomi, Tencent, WeChat, Chinese communist party

Investors raise concerns about migrant workers' rights in Gulf - Reuters

Investors raise concerns about migrant workers' rights in Gulf - Reuters:A group of investors is raising concerns about the treatment of migrant workers in the Gulf, warning that labour practices risk leading to abuses such as modern slavery.The group, led by fund manager CCLA, says it represents 38 investors with over $3 trillion in managed assets and wants companies to disclose how they protect migrant workers.Such workers, many of them from Asia, provide the backbone of Gulf economies, workin...
Tags: Travel, Asia, Gulf, Rupert Neil Bumfrey, CCLA, Gulf Reuters

Air Asia starts facial verification of passengers at Bengaluru International Airport

Passengers of Air Asia India flights, boarding from Bengaluru’s international airport, can now choose to authenticate their identity via facial recognition systems installed at the airport as part of the Indian government’s DigiYatra scheme. The airport, in a statement on August 3, said that passengers can choose to either board an Air Asia flight by going through the biometric authentication process, or through the existing manual process. We’ve reached out to the airport with more questions. A...
Tags: Travel, Asia, News, Privacy, Surveillance, Delhi, Facial Recognition, Biometrics, Bengaluru, Bangalore, Air Asia, CISF, Bengaluru International Airport, Vistara, Air Asia India, DigiYatra

Oil rises more than 1% on hopes for economic recovery - Reuters

Oil rises more than 1% on hopes for economic recovery - Reuters:Oil prices were up more than 1% on Monday on positive economic data from the United States, Europe and Asia, but investors remained concerned about rising COVID-19 cases globally and oversupply as OPEC begins to lift supply cuts.Brent crude settled at $44.15 a barrel, rising 63 cents, or 1.5%. U.S. West Texas Intermediate (WTI) crude rose 74 cents, or 1.8%, to end at $41.01 a barrel.U.S. manufacturing activity accelerated to its hig...
Tags: Travel, Asia, Opec, Reuters, United States Europe, U S West Texas Intermediate WTI, Institute for Supply Management, Rupert Neil Bumfrey

Russia Slightly Raised July Oil Output Ahead of OPEC+ Tapering - Bloomberg

Russia Slightly Raised July Oil Output Ahead of OPEC+ Tapering - Bloomberg:Russia slightly increased its oil production in July, ahead of OPEC+ plans to start easing their record supply cuts starting this month.The nation’s producers pumped 39.63 million tons of crude and condensate last month, according to preliminary data from the Energy Ministry’s CDU-TEK unit. That’s an average daily of 9.371 million barrels, applying a 7.33 barrel-per-ton conversion rate, and is above June levels, when outp...
Tags: Travel, Asia, Europe, Saudi Arabia, Russia, Opec, Organization of Petroleum Exporting Countries, Energy Ministry, Rupert Neil Bumfrey, CDU TEK, OPEC Tapering Bloomberg

Saudis Seen Cutting Oil Price as Fresh Supply Meets Demand Slump - Bloomberg

Saudis Seen Cutting Oil Price as Fresh Supply Meets Demand Slump - Bloomberg:Saudi Arabia may have little choice but to reduce the price of its oil as OPEC and allied producers start to ease output curbs amid weakening demand that’s crashed the value of physical supplies.Aramco is expected to cut the official selling price for its flagship Arab Light grade by 48 cents a barrel for September sales to Asia, the median estimate in a survey of eight traders and refiners across the region shows. It w...
Tags: Travel, Asia, Saudi Arabia, China, Opec, Bloomberg, Aramco, Rupert Neil Bumfrey

Singapore-based Volopay wants to be the “Brex of Southeast Asia”

Volopay founders Rajith Shaji and Rajesh Raikwar Small- to medium-sized companies that do a lot of international business have to deal with two big headaches: high foreign exchange fees and corporate expense tracking. Volopay, a Singapore-based financial tech startup with offices in Bangalore, wants to help by integrating prepaid multi-currency corporate cards, expense tracking and accounting tools into one free-to-use platform. Volopay is currently taking part in Y Combinator and is also ...
Tags: Travel, Startups, TC, Asia, Hong Kong, Enterprise, Indonesia, Australia, Finance, Southeast Asia, Singapore, India, Fintech, Mastercard, Bangalore, Moneysmart

A complete guide to OTT content regulation in India

As the streaming video industry and the government hold discussions on regulation streaming services like Netflix and Hotstar in India, here’s a complete guide to OTT regulation in India. The Digital Content Complaints Committee IAMAI’s new code for online content streaming sets up a self-regulatory body, incorporates penalties [read] Self Regulation for Online Curated Content Providers, IAMAI [ ] Streaming players ask IAMAI to recall streaming content code, question legitimacy; IAMAI resp...
Tags: Travel, Amazon, Asia, Hollywood, News, Supreme Court, John Oliver, India, BJP, Amazon Prime, Netflix, Cbs, Kashmir, Asean, Karnataka, Ji

Traveloka tops up with $250M amid the coronavirus crisis

Indonesia-based online travel portal, Traveloka, has picked up $250M in fresh funding to beef up its coronavirus-battered balance sheet. The travel aggregator dubs the capital injection a “strong vote of confidence” in its strategy to adjust to what it couches as a ‘new normal’ for travel by retooling its focus on domestic and short hop excursions and activities. The funding round is led by an unnamed global financial institution. Traveloka also says “some” existing investors also participate...
Tags: Travel, Startups, Asia, Indonesia, Tech, Thailand, Malaysia, Tourism, Vietnam, Travel Industry, Expedia, Staycation, Traveloka, Recent Funding, Willson Cuaca, Coronavirus

Toppr raises $46 million to scale its online learning platform in India

Toppr, one of the largest online learning startups in India, has secured $46 million in a new financing round as it looks to scale its platform including a new product. Dubai-headquartered investment firm Foundation Holdings led the Mumbai-based seven-year-old startup’s Series D round. Kaizen Private Equity, an existing investor, also participated in the new round, which brings Toppr’s to-date raise to over $92 million. Toppr operates four products and services that are aimed at K-12 students. L...
Tags: Travel, Apps, Asia, Education, India, Funding, Dubai, Mumbai, Bond, Mary Meeker, Online Learning, Vedantu, Zishaan Hayath, Byju's, Unacademy, Toppr

Massive Travel Rethink Tops Virtual Gathering At Asia’s Largest Sustainabile Tourism Event

PHIST (Phuket Hotels for Islands Sustaining Tourism) will break down boundaries in 2020 with a virtual version of Asia's largest sustainable travel and hospitality event. Over 1,200 of the industry's leading figures are expected to attend this socially-distant online gathering, which will include keynote addresses, interactive sessions, educational workshops and a green exhibition. The original edition of PHIST 2020 was scheduled to take place in Phuket on 7th September, but this was befo...
Tags: Travel, Asia, Phuket, PHIST, Phuket Hotels for Islands Sustaining Tourism

All dogs in Shenzhen, China will get microchipped by 2020

The world’s hardware haven is taking a digital leap for pets. In May, China’s southern city Shenzhen announced that all dogs must be implanted with a chip, joining the rank of the U.K., Japan, Australia and a growing number of countries to make microchips mandatory for dogs. This week, city regulators began to set up injection stations across their partnering pet clinics, according to social media posts from the Shenzhen Urban Management Bureau. The chip, which is said to last for at least 15 ye...
Tags: Travel, Asia, Sweden, China, Pets, Huawei, Microchips, Shenzhen, Shenzhen China, U K Japan Australia, Shenzhen Urban Management Bureau

Hong Kong-based EMQ raises $20 million for its cross-border financial settlement tech

Cross-border financial transactions are a major headache for individuals and large companies alike, who often have to deal with long wait times and high fees in order to send money to recipients in other countries. EMQ, a Hong Kong-based startup that develops network infrastructure to make international payments faster, announced today that it has raised a $20 million Series B led by WI Harper Group. EMQ’s technology is integrated by clients, including online banks digital wallets, e-commerce...
Tags: Travel, Fundings & Exits, Startups, TC, Asia, SparkLabs, Hong Kong, Japan, China, India, Taiwan, Canada, Fintech, Juniper Research, Liu, Financial Supervisory Commission

Oil slips on U.S.-China tensions, rising virus cases - Reuters

Oil slips on U.S.-China tensions, rising virus cases - Reuters:Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors towards safe-haven assets.Brent crude LCOc1 dipped 20 cents, or 0.5%, to $43.14 a barrel by 1000 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 dropped to $41.15 a barrel, down 14 cents, or 0.4%.The fall in oil mirrored moves in broader financial markets in Asia amid concerns about escalating tensio...
Tags: Travel, Asia, China, United States, Houston, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, Chengdu Global

Oil slips as U.S.-China friction, rising virus cases weigh on markets - Reuters

Oil slips as U.S.-China friction, rising virus cases weigh on markets - Reuters:Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets.Brent crude LCOc1 dipped 8 cents, or 0.2%, to $43.26 a barrel by 0403 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 dropped to $41.22 a barrel, down 7 cents, or 0.2%.The fall in oil mirrored moves in broader financial markets in Asia amid concerns about esc...
Tags: Travel, Asia, China, Russia, United States, Houston, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey, Organization of the Petroleum Countries, Chengdu Global

Abhishek Singh to also head Digital India Corporation as CEO and MD

Abhishek Singh, the CEO of MyGov, has been given the additional charge of heading the Digital India Corporation as its managing director and CEO, Singh confirmed to MediaNama. Singh had joined MyGov as its CEO in October 2019. He was then made the President and CEO of the National e-Governance Division (NeGD) in November 2019. There are four divisions of DIC — NeGD, MyGov, Information Technology Research Academy, and PhD Scheme. Digital India Corporation was founded as Media Lab Asia in 2001 as ...
Tags: Travel, Asia, News, MIT Media Lab, Singh, Digital India, Ministry of Communications, Ravi Shankar Prasad, Abhishek Singh, DIC, National e Governance Division, Digital India Corporation (DIC, MyGov, National e-Governance Division (NeGD, Digital India Corporation, MediaNama Singh

Entri raises $3.1M to build a vernacular language ‘Udemy for India’

Scores of online learning startups have emerged in India in recent years to serve school-age students. More than 250 million students are enrolled across schools in urban and rural parts of the country. Whether one is in kindergarten, or preparing to join a college to pursue an undergraduate course, there are several startups offering a plethora of courses at affordable price points to help these students get there. Byju’s, Unacademy, and Vedantu among other local startups today help tens of mil...
Tags: Travel, Apps, Asia, Education, Microsoft, India, San Francisco, Udemy, Malayalam, South India, Kochi, ARR, Vedantu, Byju, Entri, Mohammed Hisamuddin

Singaporean startup Partipost gets $3.5 million to let anyone become an influencer

Partipost, a Singapore-based marketing startup that lets anyone with a social media profile sign up for influencer campaigns, has raised $3.5 million in new funding. The round was led by SPH Ventures, the investment arm of publisher Singapore Press Holdings, with participation from Quest Ventures and other investors. The funding will be used to grow Partipost’s current operations in Singapore, Indonesia and Taiwan, and expand into Vietnam, the Philippines and Malaysia, other Southeast Asian mark...
Tags: Travel, Fundings & Exits, Startups, TC, Asia, Southeast Asia, Singapore, Digital, Taiwan, Malaysia, Influencer Marketing, Singapore Press Holdings, Singapore Indonesia, Chua, Vietnam the Philippines, Influencer Marketing Hub

Rakuten will not renew its contract with WeWork, says report

Japanese e-commerce giant Rakuten has decided not to renew its contract with WeWork when it expires next month, according to a report in the Japan Times. Rakuten had leased about 700 desks in Tokyo, but is now planning to move employees from its fintech division into its own new offices. Both WeWork and Rakuten declined to comment to TechCrunch. Tokyo is also the headquarters of WeWork’s biggest investor SoftBank, which took ownership of the coworking startup last October as part of a bail...
Tags: Travel, Startups, TC, Asia, Japan, Softbank, Tokyo, WeWork, Techcrunch Tokyo, Rakuten, Financial Times, Neumann, Adam Neumann, Japan Times, Marcelo Claure, SoftBank Group

Huawei, ZTE are tools of Chinese hegemony in Asia, says former US National Security Advisor John Bolton

Taking control of 5G through “what seemed to be commercial companies like Huawei and ZTE” is a long-term Chinese strategy to assert its hegemony over Asia, former American National Security Advisor John Bolton said. To combat China’s global dominance, the rest of the world would have to “think strategically in response”, he said in an interview with CNN-News18. India may want to look at participating in global consultations about that, as it already has in a trilateral consultation with Japan an...
Tags: Travel, Asia, Japan, Usa, UK, News, China, India, Israel, US, European Union, Cnn, Federal Communications Commission, Bolton, Donald Trump, Huawei

A Wild Oil Market, Flowing Cash for Reliance Hold Up Aramco Deal - Bloomberg

A Wild Oil Market, Flowing Cash for Reliance Hold Up Aramco Deal - Bloomberg:It’s not typical of Mukesh Ambani, Asia’s richest tycoon, to announce a deal before signing a document. But that’s exactly what he did last year when he told a packed hall of shareholders that Saudi Aramco, the world’s biggest oil producer, was set to buy a 20% stake in Reliance Industries Ltd.’s refining and petrochemicals business, valuing it at $75 billion. So it may have come as a shock to some of those investors wh...
Tags: Travel, Asia, Aramco, Saudi Aramco, International Energy Agency, Reliance Industries Ltd, Rupert Neil Bumfrey, Ambani, Mukesh Ambani Asia, Reliance Hold Up Aramco Deal Bloomberg

Messe Berlin (Singapore) takes ITB Asia 2020 virtual

Messe Berlin (Singapore) announced today that ITB Asia, MICE Show Asia and Travel Tech Asia will go virtual from 21 - 23 October 2020. Originally scheduled on the same dates, the annual travel trade show will instead be held on a virtual platform, due to the uncertainty over continued global travel restrictions and safe distancing measures.
Tags: Travel, Asia, ITB, Messe Berlin Singapore

Google invests $4.5 billion in India’s Reliance Jio Platforms

Google has become the latest high-profile investor in India’s Reliance Jio Platforms. The search giant is investing $4.5 billion for a 7.7% stake in the top Indian telecom network. More to follow…
Tags: Travel, Google, Asia, India, Funding, Reliance Jio, Reliance Industries, Reliance Jio Platforms

Oil dips on demand fears as OPEC+ considers output increase - Reuters

Oil dips on demand fears as OPEC+ considers output increase - Reuters:Oil prices fell on Tuesday on worries that new restrictions to stem surging U.S. and Asian coronavirus cases could threaten a recovery in fuel demand just as OPEC+ producers prepare to increase output from August.Brent crude futures fell 44 cents to $42.28 a barrel by 0840 GMT and U.S. West Texas Intermediate (WTI) crude futures slid 53 cents to $39.57.The governor of California, the United States’ most populous state, on Mond...
Tags: Travel, Asia, Florida, Texas, Australia, California, Opec, United States, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey

Before The Virus, Asia's Ecosystems Were Buckling Under Overtourism. When The Tourists Return, It Has To Be Different!

Before the pandemic put a stop to most international travel, each year millions of people flocked to Southeast Asia's white sandy beaches, ancient temples and diverse wildlife.
Tags: Travel, Asia

COVID-19 pivot: Travel unicorn Klook sees jump in staycations

Spring 2020 was gloomy for Klook. As countries closed their borders and went into complete or partial lockdown, the SoftBank-backed travel platform saw its revenue plummet by as much as 90% through March and April. The World Travel and Tourism Council said in April that the coronavirus could put up to 100 million jobs in the global travel and tourism at risk. But in the dark times, opportunities were also bubbling up. Six-year-old Klook enables travelers, primarily from Asia, to discover and boo...
Tags: Travel, Social, Startups, Ecommerce, Asia, China, Softbank, Tech, Tourism, Cambodia, Klook, Napa Valley, World Travel and Tourism Council, Eric Gnock Fah, Pandemic, Market Analysis

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