According to data from Coin98 insights, the total value of funding rounds announced last week amounted to more than $1.5 billion. Lightspeed Venture Partners, a mid-sized global venture fund, has raised its largest fund dedicated to India and Southeast Asia at $500 million. These are two areas that are attracting the attention of investors with many outstanding projects and ideas. Many entrepreneurs would prefer strategic investment rather than a boat-load of cash straight up, Chi Cuong Vietnam, which is known as one of the five leading countries and a potential market for blockchain technology development, could benefit from this shift of investment capital. “The amount of capital invested in blockchain startups in Vietnam in the coming time could reach billions of dollars or more. A huge source of capital will come from Vietnamese investors because the young generation is very passionate about technology,” commented Johnny McCamley, CEO of crypto asset investing … [Read more...] about Blockchain projects preferring long-term partnerships
Estimates of severity and transmissibility of novel south africa sars cov 2 variant 501y v2
N.Korea’s Kim declares victory in battle against Covid-19
North Korea has not revealed how many confirmed infections of the virus it has found, but since July 29 it has reported no new suspected cases with what international aid organization say are limited testing capabilities. While lifting the maximum anti-pandemic measures, Kim said that North Korea must maintain a "steel-strong anti-epidemic barrier and intensifying the anti-epidemic work until the end of the global health crisis," according to a report by state news agency KCNA . Analysts said that although the authoritarian North has used the pandemic to tighten social controls, its victory declaration could be a prelude to restoring trade hampered by border lockdowns and other restrictions. Observers have also said it may clear the way for the North to conduct a nuclear weapon test for the first time since 2017. North Korea's official death rate of 74 people is an "unprecedented miracle" compared to other countries, KCNA reported, citing another official. Instead of … [Read more...] about N.Korea’s Kim declares victory in battle against Covid-19
Localisation the key for offshore venture victories
Vietnam only currently boasts wind farm projects in operation near the shores. Meanwhile, offshore equivalents are rather new. What does your company consider the challenges to be in the energy transition in the Vietnam market? Riccardo Felici, country manager for renewables consultants OWC Vietnam Every emerging market has challenges to overcome, and these cover different sectors of the industry. Our benefit is to have seen these challenges in several emerging markets such as Taiwan, Japan, South Korea, and Poland. The main challenges that can be foreseen for a truly offshore industry development are policy stability, including remuneration schemes, power grids, and supply chain. Offshore projects are complex projects developed from several miles up to a hundred miles off the coasts. The benefit is better wind resources and larger spaces that allow for very large turbines to be installed. As the size of the projects is significantly larger than onshore projects, … [Read more...] about Localisation the key for offshore venture victories
Rent support for laborers reaching nearly 99 percent of plan
The social security unit is confirming documents for laborers requesting the rent support. The number of eligible laborers to receive VND500,000 per person per month (US$21.4) for no later than 3 months using Form No.2 is 3,162,600. The figure to receive VND1 million ($42.8) per person per month for no later than 3 months using Form No.3 is 196,143. Compared to the estimated quantity of 3.4 million laborers entitle to this financial support of VND6,600 billion in total ($282 million) from the national budget, the confirmed cases account for nearly 99 percent. However, the progress of rent support distribution in localities is extremely slow (only one-tenth of the confirmed figure). In July, Deputy Prime Minister Le Minh Khai directed the People’s Committees of all provinces and municipalities urgently finish this task. Recently, Prime Minister Pham Minh Chinh also requested that the Ministry of Labor, Invalids and Social Affairs, the Ministry of Finance, and related state units … [Read more...] about Rent support for laborers reaching nearly 99 percent of plan
US rethinks steps on China tariffs in wake of Taiwan response: sources
President Joe Biden's team has been wrestling for months with various ways to ease the costs of duties imposed on Chinese imports during predecessor Donald Trump's tenure, as it tries to tamp down skyrocketing inflation. It has considered a combination of eliminating some tariffs, launching a new "Section 301" investigation into potential areas for additional tariffs, and expanding a list of tariff exclusions to aid U.S. companies that can only get certain supplies from China. Biden has not made a decision on the issue and all options remain on the table, the White House said. The tariffs make Chinese imports more expensive for U.S. companies, which, in turn, make products cost more for consumers. Bringing down inflation is a major goal for Biden, a Democrat, ahead of the November midterm elections, which could shift control of one or both houses of Congress to Republicans. But Beijing's response to U.S. House Speaker Nancy Pelosi's visit last week to Taiwan triggered a … [Read more...] about US rethinks steps on China tariffs in wake of Taiwan response: sources
