Indonesian VC fund raises US$75 million from investors including Temasek

JAKARTA: Jakarta-based venture capital firm East Ventures said on Wednesday (Aug 21) it raised US$75 million for its sixth fund, backed by prominent Asian businessmen, to invest in early-stage startups in Southeast Asia’s largest economy. The list of investors included Facebook co-founder Eduardo Saverin, family offices of Alibaba Group’s co-founder Eddie Wu, Chief Executive Officer of […]

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Latest Trump tariffs to directly hit consumers

NEW YORK: Earlier US tariffs enacted in President Donald Trump’s trade war with China have dealt only a glancing blow to consumers, but those announced Thursday are different. “This hits consumers straight on,” Steve Pasierb, president of the Toy Association, said in an interview. “This is finished products. It’s not raw materials.” Advertisement Advertisement The […]

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