Many startups are scrambling to cut costs - slicing payrolls and the wages of those still on the job. 

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HC Surgical will enter into a separate agreement to buy the remaining stake in GMHES at a later stage.

The post SE Asia Digest: Gojek completes Moka deal; HC Surgical to pick 51% in GMH appeared first on DealStreetAsia.

The purchase price values Permata at 1.63 times its book value as of March 31, down from 1.77.

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The firm's portfolio companies in SEA include Grab, Berry Kitchen, and goKampus, among others.

The post Silicon Valley-based Sovereign’s Capital closes $60m fund for SEA push appeared first on DealStreetAsia.

The number of deals touched 146 in the first quarter this year, compared to 127 in the same period last year.

The post Southeast Asia’s startups raised $2.9b in Jan-March, up 3% from Q1 last year appeared first on DealStreetAsia.

The Series A round has brought 360VUZ’s total funding amount to $7 million.

The post Asia Digest: Shorooq backs 360VUZ; Amartha CEO steps down appeared first on DealStreetAsia.

MassMutual Ventures SEA, MDI Ventures and Central Capital Ventura also joined the round.

The post SE Asian insurtech startup Qoala raises $13.5m led by Centauri Fund appeared first on DealStreetAsia.

CCOF has made an equity investment in Mumbai-based Lucro and extended debt to Indonesia'sTridi Oasis.

The post Circulate Capital invests $6m in plastic recycling players in India, Indonesia appeared first on DealStreetAsia.

BukuKas has raised a seed funding round led by Sequoia Capital India through its startup programme Surge.

The post Indonesia Digest: East Ventures raises $609k for COVID-19 test kits; BukuKas bags seed funding appeared first on DealStreetAsia.

BFI Finance is 45.7% owned by a consortium comprising private equity firms TPG and Northstar Group.

The post Italy’s Compass Banca drops plan to buy stake in Indonesia’s BFI Finance appeared first on DealStreetAsia.

SEA recorded a 54 per cent jump in online sales year-on-year between Jan 13 and April 5.

The post Grocery, food startups gain as online demand soars amid pandemic appeared first on DealStreetAsia.

Pasarpolis raised a Series A funding round from unicorns, Gojek, Traveloka and Tokopedia, in 2018.

The post IFC proposes $5m equity investment in Indonesian insurtech Pasarpolis appeared first on DealStreetAsia.

There are several logistics deals in the pipeline that would likely be closed as early as by June.

The post Indonesia’s B2C logistics startups see deal traction as demand soars for last-mile services appeared first on DealStreetAsia.

Cashlez will use the IPO proceeds to purchase a 61.31 per cent stake in IT solution provider Softorb Technology Indonesia (STI).

The post SEA digest: Indonesia’s Cashlez raises $5.8m in IPO; KB Kookmin Card to buy Thai firm appeared first on DealStreetAsia.

"Troops resolve such issues mutually as per established protocols. Such an incident occurred after a long time," said a source.

While China had officially designated all areas of the country as low-risk last Thursday, the new cases according to data published on Sunday represent a jump from the single case reported for the day before. The number was lifted by a cluster of 11 in Shulan city in northeastern Jilin province.

These five cities are important to contain the spread of the coronavirus and help India flatten the curve. The respective state governments should strengthen containment strategies and undertake rigourous testing and contact tracing to bring the situation under control.

Over 200 people were still undergoing treatment in the KGH, but their condition was said to be stable. Visakhapatnam district in-charge Minister K Kanna Babu, who visited the hospital and spoke to some of the victims, said all the patients were fast recovering.

This is the first major bureaucratic rejig by the BJP-led state government since Shivraj Singh Chouhan became chief minister in March this year.

Caldevilla-Domínguez, David and Barrientos-Báez, Almudena and Fombona-Cadavieco, Javier Evolución de las relaciones públicas en España. Artículo de revisión // Evolution of public relations in Spain. Review article. El profesional de la información, 2020, vol. 29, n. 3. [Journal article (Unpaginated)]

Felipe Massa admitted he made a mistake with tyre strategy during qualifying for the Italian Grand Prix but is expecting to be competitive in Sunday's race

Jenson Button said that second place at the Italian Grand Prix was a 'great result' although the McLaren driver led for the majority of the race

Ferrari's Felipe Massa believes second place would have been within his grasps at the Italian Grand Prix had it not been for a slow pit stop

Michael Schumacher said that he let team-mate Nico Rosberg past because he was in a better position to challenge Jenson Button ahea

Jenson Button admitted he had no excuse for qualifying 0.4 seconds off his McLaren team-mate Lewis Hamilton at the Canadian Grand Prix

Lewis Hamilton said it had been a 'fantastic' weekend after the McLaren man took victory in the Canadian Grand Prix to lead the drivers' standings

Sebastien Buemi confessed himself 'super happy' after finishing eighth in the Canadian Grand Prix

Tonio Liuzzi believes his first lap clash with Felipe Massa at the Canadian Grand Prix was a racing accident but admitted it cost him dear

Felipe Massa was left to ponder what might have been after two separate racing incidents ruined his chances of a points finish

Michael Schumacher was not penalised for his part in colliding with Felipe Massa while racing for position towards the end of the Canadian Grand Prix

Lotus technical chief Mike Gascoyne said his team's performance in Canada was a 'massive step forward'

Red Bull has revealed that the problem that cost Sebastian Vettel near certain victory at the Bahrain Grand Prix was in fact due to a faulty spark plug rather than a cracked exhaust

Mercedes GP managing director Nick Fry says Jenson Button will spend the next two weeks wondering what he has to do to beat team-mate Lewis Hamilton

Mercedes CEO Nick Fry has no concerns about the performance of Michael Schumacher at the season-opening Bahrain Grand Prix

Sebastian Vettel admitted he was pushing too hard when he spun out of the second practice session for the Malaysian Grand Prix

Sebastian Vettel took his 14th pole position of the season as he edged out the McLarens with the final lap of qualifying for the Abu Dhabi Grand Prix

Lewis Hamilton won the Abu Dhabi Grand Prix from Fernando Alonso as pole-sitter Sebastian Vettel retired on the first lap

Sauber has ruled out the possibility that a front wing failure caused Kamui Kobayashi's three car pile-up at the start of the Australian Grand Prix

Mark Webber has apologised for crashing into Lewis Hamilton in the closing stages of the Australian Grand Prix

Fernando Alonso has revealed that Michael Schumacher suspected he deliberately held up the German during qualifying in Melbourne

The boss of the Australian Grand Prix Ron Walker has labelled Formula One drivers "lazy prima donnas" after they complained about low light levels at this year's race

Fernando Alonso has posted a video on his YouTube account thanking fans for their support and promising them he will seen them "very soon on the track"

Sebastian Vettel has clarified the widely reported comments he made after Fernando Alonso's crash on the final day of the second Barcelona test

A downpour at the Suzuka circuit severely restricted running for the final practice session of the Japanese Grand Prix amid concerns qualifying could be postponed to Sunday

Kamui Kobayashi said he was pleased to have entertained his home fans after a thrilling drive punctuated with opportunistic overtaking manoeuvres saw him finish seventh in the Japanese Grand Prix

Felipe Massa refused to take the blame for his move on the opening lap that led to his retirement, instead blaming bad luck

Ferrari president Luca di Montezemolo is expecting Felipe Massa to return to form in the final three races and get amongst the five title challengers

Follow live action from the third day of testing in Jerez

The third day of pre-season testing in Jerez saw Sauber's Felipe Nasr at the top of the timesheets, while McLaren made limited progress with its new Honda-powered MP4-30 and Red Bull were delayed by a lengthily Renault engine change

Lewis Hamilton is pinning his hopes on his McLaren's race pace at the Monaco Grand Prix, after he claimed to have extracted everything from it in qualifying and only claimed fifth on the grid