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Telcos, though, have less to worry about. Not only are they deep-pocketed, but their risk is also spread over several other business units. Singtel, for example, boasts enterprise, fixed broadband, and pay TV, while StarHub has enterprise and fixed broadband to draw on for revenue in these dire times. MVNOs, on the other hand, have … Read more
But the traction for StarBiz Premium—which claims to have a focus on capital market news and analysis—“wasn’t good”, says a second The Star employee, as the StarBiz team lacks manpower to produce in-depth and exclusive stories for subscribers. “Also, there was no point when readers can read the same thing on the print,” said the … Read more
If we take the barista’s more conservative estimate, Kopi Kenangan’s 300 stores would have served at least 90,000 cups a day. That’s roughly US$3.4 million in monthly revenue. Kopi Kenangan also sells other pricier drinks, so the total is probably higher. To return Kopi Kenangan to this pre-Covid health, Tirtanata wants to move towards a … Read more
Both raised venture capital and scaled quickly; Luckin raised between US$200 and US$300 million the year after launch its in late 2017. The company claimed that the fundraise brought its valuation to US$1 billion. It was valued at US$2.9 billion before its Initial Public Offering (IPO) in 2019. Kopi Kenangan announced a US$109 million funding … Read more
But now, Akulaku isn’t paying back. Mintos has other Indonesian lenders on its marketplace, like Kredit Pintar, JULO, DanaRupiah, and Pinjam Yuk. But none of them have fallen massively behind schedule to the point of suspension yet. Akulaku’s tale is one of weak internal governance and oversight, and the reckless execution of a growth-by-all-means strategy. … Read more