Category: News

SE Asia’s biggest travel app Traveloka raises $250 million as lockdowns ease

By Fanny Potkin

SINGAPORE (Reuters) – Traveloka, Southeast Asia’s largest online travel app, announced on Tuesday it had raised $250 million to help bolster its operations amid the coronavirus crisis, and as domestic travel starts to pick up in the region of 650 million people.

The eight-year-old startup said its funding round was led by a “global financial institution” and included existing investors, such as early backer East Ventures.

Traveloka, which claims more than 60 million downloads, has been battered by the virus outbreak, as Southeast Asian countries shut borders and imposed strict lockdowns, throttling a previously booming tourism industry.

Read more

Bruins expect Pastrnak to travel to Toronto

Boston All-Star forward David Pastrnak is expected to be on the team plane on Sunday when the Bruins travel to hub city Toronto for the Stanley Cup qualifiers and playoffs.

Coach Bruce Cassidy said Saturday that forward Nick Ritchie, who missed the past three practices, also is expected to travel. Forward Ondrej Kase is also expected to join the group.

Pastrnak was ruled “unfit to participate” on July 16. Under the league’s Return to Play Plan, teams cannot reveal a reason for a player’s absence.

Team president Cam Neely said Wednesday, however, that the state of Massachusetts’ regulations for foreign

Read more

Macau casinos see deepening losses as virus slams China travel

By Farah Master

HONG KONG (Reuters) – Casinos in the world’s biggest gambling hub Macau are staring at heavy losses for the second quarter, with “not much hope” for a near-term recovery as a resurgence in coronavirus cases muddies the outlook for when China will reinstate travel visas.

Visitors from greater China make up for over 90% of Macau’s tourists, but given travel has dried up amid the health crisis, Morgan Stanley warns casinos in the special administrative region could rack up losses of $1 billion over April to June.

The Las Vegas Sands unit, Sands China, said it flipped

Read more

Tokyo Says Stay Home, Trump Warns Crisis to Worsen: Virus Update

(Bloomberg) — Tokyo’s governor told residents to avoid unnecessary trips outdoors over a holiday weekend amid rising numbers of infections in Japan’s capital. Australia, once hailed as a success in containing the virus, hit a daily record for infections.

President Donald Trump warned that the U.S. outbreak will probably get worse before it gets better. The U.S. accused two Chinese hackers of working with Beijing to steal coronavirus research from Western companies.

Aviation regulators in the European Union and Singapore are working together to establish health safety measures for air travel.

Global Tracker: Cases pass 14.9 million; deaths top 616,000First … Read more

Trump’s alternate reality on COVID-19 threat

WASHINGTON (AP) — President Donald Trump appears to be living in an alternate reality when it comes to the COVID-19 threat.

Over the weekend, he clung to the misguided notion that the virus will just “disappear” even as his top science experts and GOP allies bluntly say otherwise.

Trump also continued to wrongly insist that anyone who wants a coronavirus test is getting one, made the head-scratching suggestion that the virus is under control when infections are surging to fresh daily highs and lodged false accusations against the nation’s top infectious diseases expert, Dr. Anthony Fauci.

The statements came in

Read more