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☆ Southeast Asia is a top choice for firms diversifying supply chains amid U.S.-China tensions
▼ + stars: | 2024-06-24 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +5 min

Skyline, Ho Chi Minh City, Vietnam John Harper | Photodisc | Getty ImagesSoutheast Asia has emerged as a top choice for firms looking to diversify production away from China, including Chinese companies, amid escalating tensions between Washington and Beijing. "Southeast Asia is well-placed to benefit significantly from the China+1 phenomenon as both foreign and Chinese companies diversify their supply chains and operations," said Kuo-Yi Lim, co-founder and managing partner of Southeast Asian venture capital firm Monk's Hill Ventures. "The ASEAN-6 region has benefited from a diversification of global and regional supply chain as well as the adoption of 'China+1' strategies. MalaysiaMalaysia has seen semiconductor firms including Intel, GlobalFoundries and Infineon setting up or expanding operations in the country over the last few years amid U.S.-China tensions. Chinese electric vehicle maker BYD plans to start commercial production of EVs in Indonesia in 2026, according to local reports.

Persons: Vietnam John Harper, Kuo, Yi Lim, Lim, Yinglan Tan, Kai Wei Ang, CNBC's, It's, Ang, Anders C, Johansson, –, Sokon – Organizations: Photodisc, Getty, Monk's Hill Ventures, ASEAN, Hong Kong SAR, Apple, Ventures Partners, Samsung, BofA Securities, Intel, GlobalFoundries, Infineon, U.S, Monk's Hill Ventures . Industry, Malaysia that's, Stockholm China Economic Research, Stockholm School of Economics, Chery, Singapore Locations: Chi Minh City, Vietnam, Asia, China, Washington, Beijing, Monk's, Indonesia, Malaysia, Philippines, Thailand, Singapore, U.S, Japan, European Union, China & Hong Kong, Hong Kong, Vietnam Vietnam, ASEAN, Malaysia Malaysia, Stockholm China, EVs

☆ A college student is accused of trying to smuggle $2.4 million worth of drugs under a monk's robe
▼ + stars: | 2024-03-01 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

A college student tried to smuggle drugs to Japan from Cambodia, the Japanese authorities say. AdvertisementA college student accused by the Japanese authorities of being a drug smuggler was caught in what one might call an unconventional disguise: a set of Buddhist monk's robes. On Tuesday, Japan Customs said in a statement that on January 25, it detained a Taiwanese man who tried to smuggle drugs into the country from Cambodia. The 21-year-old college student is accused of attempting to move around 13 pounds of stimulant drugs across the Japanese border, per a Thursday report from Japanese news outlet Yomiuri Shimbun. The drugs are worth about 370 million Japanese yen, or $2.4 million, the outlet reported.

Persons: — Organizations: Service, Japan Customs, Yomiuri Shimbun, Business Locations: Japan, Cambodia

☆ America's Zoomtowns Face a Growing Housing, Traffic, Culture Crisis
▼ + stars: | 2024-01-24 | by ( Emily Cataneo | ) www.businessinsider.com time to read: +18 min

We're transitioning from a sleepy capital city into a midsize-to-major city," Jonathan Melton, a member of Raleigh's City Council, told me. The first wants to solve the problem of too little housing by, well, building more housing. But Melton and the YIMBYs' vision rankled some Raleigh residents who eventually started to push back on what they considered extreme pro-development policies. The new buses seem like a great idea, but as with all these changes, residents are worried that the route will have unintended consequences. It's worth noting, too, that most Raleigh residents, even those who oppose the current pace of development, point to some positives.

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☆ I tried the highly touted 'monk mode' productivity hack but burned out again — this time for a different reason
▼ + stars: | 2023-06-10 | by ( Robin Madell | ) www.businessinsider.com time to read: +4 min

Samson Baxter, a web developer, tried 'monk mode' to get more done at work. At first he hated it, especially staying off social media, but then his productivity shot up. I was feeling overwhelmed and like I couldn't get anything done when I learned about the 'monk mode' productivity hack. After five weeks of monk mode, Samson Baxter felt burned out again — this time for a different reason. Something had to changeIn the end, I decided that while monk mode did ramp up my focus initially, the long-term effects weren't for me.

Persons: Samson Baxter, —, It's, I'm, I'd Organizations: Service

☆ This Gen Z founder made an OnlyFans rival that has no nudity and sold it for $65 million
▼ + stars: | 2023-05-29 | by ( Pete Syme | ) www.businessinsider.com time to read: +9 min

He said it sold for $65 million after sites including TikTok "failed" to help creators make money. The 22-year-old certainly doesn't need to live with his folks: He became a millionaire last year after his company, Fanfix, sold for $65 million, according to Crunchbase. It's a model broadly similar to OnlyFans, but with a major difference: it doesn't allow nudity. When SuperOrdinary bought Fanfix, Insider's Geoff Weiss reported that there were plans for product collaborations with the platform's creators. And they took advantage of the creators, and so a massive gap opened up for platforms like Patreon, platforms like us."

☆ Sonic world of animals: Listen to an extinct bird's mating call
▼ + stars: | 2023-04-26 | by ( Katie Hunt | ) edition.cnn.com time to read: +7 min

What’s sometimes lost in this feast for the eyes is the sonic world of animals — audible to humans in the case of birdsong. Source: British Library“Animals: Art, Science and Sound” showcases the British Library’s wildlife collection, which contains over 250,000 recordings of animals from around the world. Source: British LibraryThe species was declared extinct in 2000. The song of a nightingale Published by the Gramophone Company Ltd. in 1910, it was the first published recording of any animal. Source: British LibraryThe groundbreaking release marked the beginning of commercial wildlife recording that culminated in the 1970s.

☆ I used to work as a chef in Philadelphia. Here are the 12 restaurants I always recommend to first-time visitors.
▼ + stars: | 2023-01-28 | by ( Grace Kennedy | ) www.businessinsider.com time to read: +11 min

I'm a Philadelphia native who used to work as a chef and baker in restaurants around the city. Philadelphia is known for its cheesesteaks, but it also has great Mexican, Italian, and Thai food. There are too many restaurants in Philadelphia worth trying to list them all here. However, these 12 restaurants are my tried-and-true favorites that every first-time visitor should try during a trip to Philadelphia. In my opinion, it serves some of the best Thai food in the country.

☆ Southeast Asian venture capital firms expect to be pickier in 2023 than in 2022
▼ + stars: | 2022-12-20 | by ( Sheila Chiang | ) www.cnbc.com time to read: +6 min

Venture capital-backed companies only raised $369 billion for the first three quarters of 2022, according to Crunchbase data. Malte Mueller | Fstop | Getty ImagesVenture capital firms in Southeast Asia will probably be pickier next year, with valuations plunging and economic headwinds slowing growth in 2022. Sequoia Southeast Asia raised a $850 million fund in June, East Ventures raised $550 million in July, and Insignia Ventures Partners raised $516 million in August. Indonesia-based e-grocery company HappyFresh ceased operations in Malaysia after seven years, while Grab discontinued its quick commerce service GrabMart Kilat in Indonesia. "The 15-minute model of quick commerce in Southeast Asia is very difficult because the unit economics are very negative.

☆ NBA roundup: Celtics set team record with 27 treys
▼ + stars: | 2022-11-06 | by ( ) www.reuters.com time to read: +7 min

Every Celtics player who took the court Saturday hit at least one 3-pointer, and they went 27-for-51 on treys. The 27 3-pointers were two more than the previous team record, set against the Philadelphia 76ers on Feb. 15, and two shy of the NBA record, set by the Milwaukee Bucks against the Miami Heat on Dec. 29, 2020. Brown finished with 30 points and Tatum had 26 as the Celtics won both ends of a back-to-back set. Julius Randle scored 29 points and RJ Barrett had 27 for the Knicks, who were also trying to win on back-to-back nights. Terry Rozier scored 25 points and Kelly Oubre Jr. added 18 for the Hornets.

☆ Warehouse startups that rode the e-commerce boom to the top are recalibrating for a cool down by cutting jobs and delaying fundraising
▼ + stars: | 2022-10-25 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

The pandemic boosted e-commerce and the startups that pack and ship orders. Startups that once rode the rocket ship of the pandemic e-commerce boom are adjusting to solid ground again. In the fulfillment space just 18 months ago, startups were opening new facilities and making acquisitions at a furious pace. Along with e-commerce growth, the pace of venture funding has slowed, especially as the economy wobbles. (He said ShipHero had been profitable, but went into a growth phase after the first venture round.)

☆ They left the U.S. to 'live the beach life and save money' — take a look at what they eat, spend and do in a week
▼ + stars: | 2021-09-28 | by ( Gabriella M. Lindsay | ) www.cnbc.com time to read: +6 min

They often ask what it's like to live the beach life. We spend an average of $150 per week on groceries and try to eat most of our meals at home. People love bringing their laptops to the beach, but I prefer to sit on my patio, where it's quiet and sand-free! Zoom In Icon Arrows pointing outwards My husband and I love our day dates at cafes like The Bakery Lab. It's something we all look forward to, and a way to reconnect and unwind from the week.

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