ESTHER P. AGEAS

Reg. nurse. Business admin grad. Law advocate. Recovering journo. Business news junkie. Emerging techie. Foodie. Fascinated by fitness & all things Tita. ;)

[ESTHER P. AGEAS @EstherAgeas]

#RiseUpWithEsther: Startup Funding - What It Is and How It Works. https://t.co/HDsyljKhLy #startups #SoutheastAsia #RiseUpAsia #technology #techdigests

[ESTHER P. AGEAS @EstherAgeas]

#RiseUpWithEsther: Digital digests on sustainability, renewable energy, SEA, & PH tech startups: Startup Funding - What It Is and How It Works. #startups #SoutheastAsia #RiseUpAsia #technology #techdigests

[ESTHER P. AGEAS @EstherAgeas]

#RiseUpWithEsther: Digital digests on sustainability, renewable energy, SEA, & PH tech startups: Startup Funding - What It Is and How It Works. #startups #SoutheastAsia #RiseUpAsia #technology #techdigests

[ESTHER P. AGEAS @EstherAgeas]

At A Glance: Last week’s biggest deals by country. #riseupasia #smartasia #tech #techdigests

[ESTHER P. AGEAS @EstherAgeas]

#HEADLINE:Teten Masduki, Indonesia’s minister of cooperatives and SMEs, has threatened to ban TikTok from operating as both a social media platform and a marketplace, saying that it would be “monopolistic.” Masduki has also vocally opposed Project S, which allows TikTok to sell its products within its app, though the company has confirmed that this initiative is not available in Indonesia.

[ESTHER P. AGEAS @EstherAgeas]

#HEADLINE:Global semiconductor sales are estimated to fall to US$495 billion in 2023, a 15% drop compared to the year before, due to a decreasing demand for consumer electronics. This may lead to ramifications for Asian markets that have long been dominant in the semiconductor industry.

[ESTHER P. AGEAS @EstherAgeas]

#HEADLINE:Everon attracts $39m thanks to hot VC demand for EV charging. The Seoul-based provider of EV charging infrastructure has netted US$39 million in series B funding from Korea Development Bank, Industrial Bank of Korea, and DSC Investment, among others. This comes amid rapid growth in South Korea’s EV industry, with the number of EV chargers in the country doubling between 2021 and 2022.

[ESTHER P. AGEAS @EstherAgeas]

#HEADLINE:PVcase, a Lithuania-based provider of solar design software, has secured US$100 million from Highland Europe, Elephant VC, and Energize Ventures. The startup aims to create a platform that serves the full life cycle of a solar project.

[ESTHER P. AGEAS @EstherAgeas]

#HEADLINE: Renewables are on track to keep getting cheaper and cheaper. A recent RMI report revealed that by 2030, the costs of wind and solar power will reduce by 25% and 50%, respectively, compared to today’s prices. The continued decline of renewable energy prices have made it more competitive than fossil fuels for new investments - the former is expected to get 62% of global energy investments this year.

[ESTHER P. AGEAS @EstherAgeas]

#HEADLINE: Biden offers $15.5b to boost battery and EV manufacturing. The US Department of Energy has earmarked US$12 billion in funding for automotive manufacturing conversion projects for electric vehicles. Meanwhile, it has allocated US$3.5 billion to expand domestic manufacturing of vehicle batteries and its components as well as grid infrastructure.

[ESTHER P. AGEAS @EstherAgeas]

#HEADLINE:Total spending on fuel subsidies topped $7t in 2022, IMF says. Updated estimates from the International Monetary Fund (IMF) put the value of global subsidies for fossil fuels at US$7 trillion as of 2022, a US$2 trillion increase from two years prior. These subsidies are costing governments the equivalent of 7.1% of global gross domestic product, which is more than what’s being spent on education, the agency said.

[ESTHER P. AGEAS @EstherAgeas]

#HEADLINE:Grab-led GXBank has secured approval to start operating in Malaysia as of September 1. The company was formed by a consortium made up of GXS Bank – the Singapore-based digibank from Grab and Singtel – as well as a group of Malaysian investors, including local conglomerate Kuok Group.

[ESTHER P. AGEAS @EstherAgeas]

#HEADLINE:ASEAN needs $2t to reach net-zero goal: climate forum. If no action is taken, member states stand to lose 37.4% of their current GDP by 2048, said ASEAN-Business Advisory Council chair Arsjad Rasjid. #ASEAN #NetZero

[ESTHER P. AGEAS @EstherAgeas]

#HEADLINE:
Indonesia’s immigration authorities have handed out their first golden visa to a well-known name: OpenAI founder Sam Altman. The visa will allow Altman to freely enter, reside, and start companies in Indonesia over a 10-year period. No word yet on if he plans to open an AI-powered warung in the archipelago. #OpenAI #SamAltman #Indonesia

[ESTHER P. AGEAS @EstherAgeas]

#RiseUpWithEsther: Setting Sights on Southeast Asia and the Role Fintech Startups Play in the Region. https://t.co/E6gp7nwlZW #RiseUpAsia #SoutheastAsia #fintech #startup #tech #technews #techdigests

[ESTHER P. AGEAS @EstherAgeas]

#RiseUpWithEsther: Setting Sights on Southeast Asia and the Role Fintech Startups Play in the Region. https://t.co/E6gp7nwlZW #RiseUpAsia #fintech #startups #tech #technews #techdigests

[ESTHER P. AGEAS @EstherAgeas]

#RiseUpWithEsther: Setting Sights on Southeast Asia and the Role Fintech Startups Play in the Region. https://t.co/E6gp7nwlZW #RiseUpAsia #fintech #startups #tech #technews #techdigests

[ESTHER P. AGEAS @EstherAgeas]

#HEADLINE: WealthGreen to launch carbon trading app in Asia, Australia. The firm, which claims to be the first in the world to make carbon trading accessible to retails investors, aims to have 30,000 users by the end of 2023. #WealthGreen #CarbonTrading #Asia #Australia

[ESTHER P. AGEAS @EstherAgeas]

#HEADLINE: Superbank, Genesis to provide $40m financing for Indonesian startups. The financing will combine conventional bank credit with venture capital investment. #Genesis #Superbank #Indonesia

[ESTHER P. AGEAS @EstherAgeas]

#HEADLINE: US$114.7 million - The amount that SoftBank (9984, TYO) Vision Fund netted from selling a 1.17% stake in Zomato (ZOMATO, NSE), the Indian food delivery firm.