RedDoorz working on zero-revenue assumption until next year

first_img“We are decently funded until some part of 2022,” he said. “I think people should prepare a runway for mid-2022 at the bare minimum, but we are doing okay for now.”Saberwal also said the company had begun to feel the effect of the COVID-19 pandemic in mid-March, when Indonesia, one of its biggest markets, began reporting more cases of infection.Read also: Small, medium start-ups struggle to retain talents in ‘salary war’“The easiest thing to do is to cut down on marketing. We basically have no marketing, because, unfortunately, there is no demand,” he said, adding that, before the pandemic, RedDoorz had planned for a Ramadan marketing campaign in Indonesia to ramp up growth.Another way to cut costs was by reducing manpower. Employees whose job cannot be done from home were put in low-allowance furlough.However, Saberwal said, China’s improving condition and growing demand in South Korea’s domestic market were signs of recovery at least in some parts of the world.Topics : One of the biggest budget hotel booking and management platforms, RedDoorz, will implement a zero-revenue scheme until next year because of low demand for hotel accommodation as COVID-19 spreads around the world.RedDoorz CEO Amit Saberwal said the company had been working on the scheme from mid-March until at least the next 15 months. “Profitability is not on the horizon. I think now it’s more about survival, and we will go back to the path of profitability when things start to get normal,” he said during a webinar on start-up survival during the pandemic hosted by Tech in Asia on Wednesday.Read also: RedDoorz sees IPO as option to meet future funding needsHe went on to say that, since raising US$70 million in series C funding last year, the company was planning to shift from a growth paradigm to profitability. However, now RedDoorz has changed its goal to enabling recovery in its core market when the time comes.The series C funding was raised just five months after the company closed its $45 million series B funding.last_img read more

Japan ruling party head Suga preparing cabinet, continuity in foreground

first_imgFinance Minister Taro Aso and Foreign Minister Toshimitsu Motegi are likely to stay in their positions, according to multiple media reports, as is LDP secretary-general Toshihiro Nikai. Yasutoshi Nishimura is likely to be reappointed as economy minister.Suga may name Health Minister Katsunobu Kato, who has become well known to the public as the face of Japan’s efforts to tackle the coronavirus, as chief cabinet secretary, Nippon TV said. Kato is close to Suga, under whom he served as deputy chief cabinet secretary.”Many different elements are needed,” Suga said on Monday, when asked about who should replace him. “One is their fit with the prime minister, but thinking about it overall, they also need to have broad strengths, that will be the most calming.”Suga is virtually certain to be elected prime minister in a parliamentary vote on Wednesday because of the LDP’s lower-house majority. He will serve out Abe’s term as party leader through September 2021.Known more for his work behind the scenes, Suga emerged as favorite to replace Abe, Japan’s longest-serving premier, after Abe said last month he would resign because of ill health, ending nearly eight years in office.There is widespread speculation that Suga could take advantage of strong support ratings to dissolve the lower house of parliament and call snap elections to earn a full three-year term as LDP head, but he appears wary.”What’s important now is to contain the pandemic while also reviving the economy. I don’t think we can immediately (dissolve the lower house) just because the pandemic is contained,” Suga said. “That’s a decision that must be made looking comprehensively at various factors.”Topics : Japanese ruling party head Yoshihide Suga, in line to become the next prime minister, appeared set on Tuesday to continue his predecessor’s policies by keeping key cabinet ministers and party officials in their posts, as he had promised.Suga, long a loyal aide and chief cabinet secretary under outgoing Prime Minister Shinzo Abe, on Monday won a landslide victory to take over the Liberal Democratic Party (LDP). He pledged to carry on many of Abe’s programs, including his signature “Abenomics” economic strategy.He faces a vast array of challenges, including tackling COVID-19 while reviving a battered economy and dealing with a rapidly aging society in which nearly a third of the population is older than 65.last_img read more

Barcelona drop asking price for Manchester United and Arsenal target Samuel Umtiti

first_img Metro Sport ReporterThursday 21 May 2020 2:07 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link518Shares Comment Advertisement Umtiti could be heading for the exit door at Barca (Picture: Getty Images)Barcelona have lowered their valuation of centre-back Samuel Umtiti from £45 million to just £27 million amid interest from Manchester United and Arsenal, according to reports.The Spanish giants have taken a big financial hit due to the coronavirus crisis and are said to be planning a fire sale of their star players in the next transfer window.Barca could use Umtiti as part of a swap deal for Inter striker Lautaro Martinez, who is their top summer target.But according to Sport, the 26-year-old would prefer a move to the Premier League over the Serie A if he is to leave Camp Nou.AdvertisementAdvertisementADVERTISEMENTThe French World Cup winner has been plagued by injuries in the last two seasons, making just 11 appearances in La Liga this term. Advertisement United are long-term admirers of Napoli star Kalidou Koulibaly (Picture: Getty Images)Both Ole Gunnar Solskjaer and Mikel Arteta are reportedly targeting a top centre-back to improve their defences.Napoli star Kalidou Koulibaly is also a long-term target for the Red Devils and Rio Ferdinand named the Senegal international as one of three signings United should be looking to make in the next transfer window.More: Manchester United FCRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseEx-Man Utd coach blasts Ed Woodward for two key transfer errors‘I would probably go for [Jadon] Sancho, Koulibaly and Saul Niguez from Atletico Madrid,’ Ferdinand said in an interview with the BBC this week.‘I think Harry Kane’s been linked but if I’m pushing for an attacking player I’d still go for Sancho, he gives you that little bit of imagination and I think he gives you that little bit of spice that they haven’t got at the moment.‘Sancho would add in that extra little bit of someone who can draw. I think having someone who can draw two or three players to them out of position, giving other players space, is what Man United have missed for a while.’MORE: Miralem Pjanic set to reject Manchester United and Chelsea in favour of Barcelona moveMORE: Benfica star Rafa Silva keen on Arsenal transferFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page. Barcelona drop asking price for Manchester United and Arsenal target Samuel Umtitilast_img read more

Governor Wolf Statement on the Canonsburg Shooting

first_img Statement Harrisburg, PA – Governor Wolf released the following statement on the shooting in Canonsburg:“On behalf of Frances, myself, and all Pennsylvanians, I offer my deepest condolences to the family, friends and colleagues of deceased Canonsburg Police Officer Scott Bashioum and the female victim of the shooting, and wish a full and quick recovery to the second officer recovering from injuries. These officers put their lives on the line to protect their neighbors and one of them made the ultimate sacrifice. For that, we will always be grateful. I also want to thank the local law enforcement and the Pennsylvania State Police for their swift response and work to keep others safe.”Like Governor Tom Wolf on Facebook: SHARE Email Facebook Twitter Governor Wolf Statement on the Canonsburg Shootingcenter_img November 10, 2016last_img read more

Topdanmark creates ESG chief role, poaches PFA’s Stang to fill it

first_imgDanish insurance and pensions provider Topdanmark announced it has hired Andreas Stang to fill its newly-created role of head of responsible investments, luring him away from his current job as head of ESG at Denmark’s largest commercial pension fund PFA.Topdanmark – which is a major occupational pension provider in Denmark but makes more from general insurance – said the hire formed part of its plan to increase its focus on responsible investing.Stang, who has previously worked for Danske Bank as a senior ESG analyst, is due to start his new role on 1 September, the firm said.He said: ”If you are serious about ESG, then it is important that the function is located where you make your investments, and that you are consistent in choosing the right companies, sectors or countries to invest in.” Topdanmark had shown it was ready to engage with sustainability and accountability more broadly and systematically within its investment processes, he added.A spokesman for the company, which is based in the Copenhagen suburb of Ballerup, told IPE that Stang would be joining an existing team of portfolio managers “where ESG responsibility is embedded in the mandates”.The position was new, and the decision to create it was mostly driven by overall expanding activity, he said.Henrik Thornval, director of Topdanmark Asset Management — who has been responsible for ESG up to now — said: “We are experiencing significant customer interest in, as a pensioner, being able to avoid having to live on money earned from investments in companies that destroy the environment, grossly exploit employees and everything else that is being thrown up by ESG analyses.”This February, Topdanmark launched the new pension product Formålspension (Purposeful Pension), which imposes stricter ESG rules on its equity investments than apply overall to the firm’s shareholdings.Looking for IPE’s latest magazine? Read the digital edition here.last_img read more

Why fresh food is best

first_img Tweet 190 Views   no discussions Share It’s that time of year again where our thoughts turn to sugar cookies more often than fresh food. However, the holiday overindulgence is avoidable, and there are lots of good reasons to get ample amounts of healthy food each day. If you’re looking to feel your very best today and every day, here is why fresh food is best and some suggestions for fitting more of the good stuff in your daily diet.Whole foods help fight illnessIt is the season for sniffles and colds, but eating a plant-based diet rich in fruits and veggies boosts your immune system. While no single food can magically cure a cold or flu, eating a variety of produce as well as lean protein and dairy gives your body the best chance of fighting off both viral and bacterial infections. Good food, good hygiene and good sleep are the keys to staying healthier this winter.Eating fresh foods saves moneyThere’s a dangerous myth going around that eating right costs too much for many families. Dollar for dollar, purchasing fresh food and cooking at home saves money compared to eating out or purchasing processed foods. You don’t need amazing culinary skills to whip up something delicious at home. There are plenty of simple meals that don’t take a ton of time or effort to prepare. Focus your meal planning around fresh veggies and use meat sparingly or substitute for beans to save yourself the most money.Fresh foods teach kids good habitsThe food habits our kids learn early in life stick with them long term. One study found that obese 2-year-olds are more likely to become obese adults, and the trend intensifies the older children get. Today in the United States 21 percent of adolescents are obese, a condition that puts them at risk for heart disease, diabetes, stroke, and cancer later in life.As parents, we need to put fresh food on our children’s plates every day. Start young with your kids and continue to offer plant-based foods at every meal. Modeling healthy eating at home sets our children up for success all throughout their lives.It tastes betterIn our culture, we’ve come so accustomed to highly-processed foods that we’re starting to lose the joy of clean eating. Expanding your family’s palate is a fun process, especially for kids. Take your kids with you to the store and choose something new to prepare each week. The more you get your kids cooking their own meals the more things they’ll try.How to eat betterFresh certainly is best, but how can you get your family eating better today? Here are some simple tips to get you on the right path.Offer produce at every mealLooking to sneak in those five recommended servings of fruits and veggies each day? Simply add produce to your family’s plates at every meal. Bananas at breakfast, carrot and celery sticks at lunch, salad and steamed broccoli at dinner. It adds up fast.Use real food as snacksBefore you reach for the crackers, pull out apple slices first. The best snacks are whole foods, whether you choose grapes, strawberries, carrot sticks or peanut butter and celery.Don’t fill up on liquid caloriesWhile fruit juice seems like a good idea, it’s really just empty sugar calories. Eat fresh fruit, instead. The same goes for vegetable juices, which are full of salt. Your best bet is drinking more water as a family.Re-imagine dessertWho doesn’t love cake, pies and ice cream? Unfortunately, eating dessert every night isn’t good for anyone. If your family wants something sweet, drizzle berries with dark chocolate, grill pineapple or fill strawberries with cream cheese.Feeding your family well may take a little creativity and willingness to experiment, but it doesn’t need to be expensive or time-consuming. Making little changes each day will teach your kids the skills they need to eat healthy and live healthy for their entire lives. Food & DiningLifestyle Why fresh food is best by: – December 22, 2014center_img Share Share Sharing is caring!last_img read more

China is the New Frontier for

first_img 7 Views   no discussions Share Tweet LocalNews China is the New Frontier for by: – April 13, 2012, the premier website for information on weddings and honeymoons in the Caribbean (Division of Global Bridal Group), announced the launch of a public relations campaign in China with a focus on the new generation of affluent Chinese tourists. The program will target wealthy Chinese couples through a network of outbound travel opinion leaders and other platforms.“As a company we are going from strength to strength and we have proven our business model can flourish in even the toughest economic climates,” said Jacqueline Johnson, CEO of “We felt this was the right time to take our expansion strategy to the next level and believe the market in China is ideal for us – their economy is strong and it is strategically located for future expansion.”According to the UN World Tourism Organization Secretary General Taleb Rifai, China will become the world’s largest inbound and outbound tourist travel market within five to seven years. The China Tourism Academy reports that in 2010, 54 million Chinese traveled abroad spending approximately US$55 billion, a 60% increase since 2005. There were 70 million Chinese outbound tourists in 2011, up 22% year on year, and outbound tourist expenditure reached US$69 billion, up 25% year on year. The Academy predicted that the number of Chinese Outbound Tourists in 2012 could reach US$78.4 million, an increase of 12%, and that outbound tourism expenditure will be US$80 billion, up 16% year on year.It is with these projections in mind that the primary customer targets of the campaign are the urban, affluent Chinese couples living in Guangzhou, Shanghai and Beging along with the richest second tier cities of Hangzhou, Ningbo, Chengdu and Chongqing.The Social Media Marketing and PR campaign promotes the Marry Caribbean website and its advertisers as the leading wedding and honeymoon website customized for prospective Chinese visitors seeking information on Caribbean destinations for weddings and honeymoons. The campaign will use a network of influential Chinese travel bloggers, who will publish posts, articles, pictures and links to the Marry Caribbean website to increase the awareness among affluent Chinese travelers.Press Releasecenter_img Share Share Sharing is caring!last_img read more

American Chamber of Commerce Coming to the Eastern Caribbean

first_img Share Share NewsRegional American Chamber of Commerce Coming to the Eastern Caribbean by: – June 14, 2012 Sharing is caring! Tweetcenter_img United States Ambassador Larry L. Palmer (left) at a reception for the American business community with Dustin Delany (center) of law firm Delany Finisterre and Paul Jenkins, International Investment Advisor for Scotiabank’s Private Client Group (right).Barbados and the Eastern Caribbean will soon join the worldwide family of countries with American Chambers of Commerce (AmCham).This announcement was made recently at a business reception where new U.S. Ambassador to Barbados Larry L. Palmer met with members of the American business community in Barbados.Ambassador Palmer urged the assembled businessmen and businesswomen to participate in the “very exciting development” which will see a shared chamber for seven Eastern Caribbean countries, adding to the 115 AmChams currently in existence in 102 countries around the globe. Antigua and Barbuda, Barbados, Dominica, Grenada, St. Kitts and Nevis, St. Lucia and St. Vincent and the Grenadines will make up the new chamber.“The American Chamber of Commerce is coming to you soon – and we want to be a part of it,” declared Ambassador Palmer, underscoring the Embassy’s commitment “to further support and strengthen the U.S.-Barbados economic relationship” and the role the AmCham can play.“We need to take our partnership between business and government to the next level, and I think, no I know, the American Chamber of Commerce can help,” stated Ambassador Palmer.American Chambers of Commerce are voluntary associations of American companies and individuals doing business in a particular country, as well as firms and individuals of that country who operate in the United States. AmChams work to promote trade and investment between the United States and the particular country or countries where they are based. Leading the initiative is American-Vincentian international business law specialist Dustin Delany of the Barbados-based law firm Delany Finisterre. At the reception Delany noted the presence of AmChams in several other Caribbean territories, including the Dominican Republic, Haiti, Jamaica and Trinidad and Tobago.“The obvious void existing here in the region is Barbados and the Eastern Caribbean, a void that has long been recognized by existing Caribbean AmChams,” said Delany.The announcement of the chamber, which will be launched in fall 2012, came just ahead of Global Economic Statecraft Day, a worldwide event organized by the U.S. Department of State to highlight the important economic work of U.S. diplomats and development experts around the world.It is part of the Economic Statecraft agenda launched by Secretary of State Hillary Clinton last year, in recognition of the fact that the United States’ global leadership rests on a foundation of economic prosperity and cooperation.“Our foreign and economic relations remain indivisible,” asserted Secretary Clinton to the Economic Club of New York when she launched the agenda in New York City in October 2011.Ambassador Palmer echoed these sentiments, emphasizing the pivotal role that the American Chamber of Commerce is expected to play in Embassy Bridgetown’s economic statecraft efforts. “We can and must do much more in the coming years to advance this economic statecraft agenda, and we need the business community to be our full partner. We want to have the American Chamber be our focus. We need to sit down together more, brainstorm, plan, coordinate, and work together to promote American business,” said Ambassador Palmer.Press Release 28 Views   no discussions Sharelast_img read more

Strong Storms Cause Isolated Damage In The Area

first_imgStorms on Wednesday caused property damage on West C.R. 900 S in Madison.Multiple reports of damage have been received following a line of strong storms on Wednesday.Officials are looking into a property that received damage to a barn and home in southern Ripley County, south of Rexville, in Madison.Ripley County EMA Director Patrick Rose said the homeowner on West C.R. 900 S reported a strong gust of wind that was followed by the calm.“We have notified [the National Weather Service] in Wilmington in order to see if they will send a team to tell us what caused the damage,” Rose said.In Decatur County, down trees and power lines from the storm forced officials to close C.R. 20 W between C.R. 400 and C.R. 500 S until road crews can get debris cleaned up Thursday.Several other roads in the county also had down trees and power lines, according to the Decatur County Sheriff’s Department.Trees were reported down throughout the region including Napoleon and New Marion.last_img read more

Messi: I’ve really missed Nou Camp pitch

first_img Promoted ContentCan Playing Too Many Video Games Hurt Your Body?7 Ways To Understand Your Girlfriend BetterWhich Country Is The Most Romantic In The World?A Hurricane Can Be As Powerful As 10 Atomic BombsPortuguese Street Artist Creates Hyper-Realistic 3D Graffiti7 Facts About Black Holes That Will Blow Your Mind5 Of The World’s Most Unique Theme ParksWho Is The Most Powerful Woman On Earth?7 Of The Wealthiest Universities In The World7 Ways To Understand Your Girlfriend BetterTop 10 Most Romantic Nations In The WorldWho Earns More Than Ronaldo? Barcelona ace, Leo Messi, is eager to get back on the Nou Camp pitch. Loading… After the day’s practice, Messi shared a post on Instagram explaining how keen he is to play at the Camp Nou once again, having not played there since March 7. read also:‘I could’ve been like Messi, Ronaldo but didn’t feel like it’ “I’ve really missed this place,” he wrote. “I can’t wait to play here again.” FacebookTwitterWhatsAppEmail分享 Barcelona trained on Saturday on the pitch of the Camp Nou and Messi expressed his delight at returning to the stadium. Although the captain didn’t take part in the group workout due to a minor quadriceps injury, he was able to train individually and start to get ready for the resumption of LaLiga Santander.Advertisementlast_img read more