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NIKE direct revenues grew 7% on a year-on-year reported basis and 11% on a currency-neutral basis to US$4.8bn.
This was led by a 25% growth in EMEA, a 43% growth in APLA and a 5% growth in North America, partially offset by a decline in Greater China.
“In this dynamic environment, Nike’s unrivalled strengths continue to fuel our momentum,” said Matt Friend, executive vice president and chief financial officer, Nike, Inc. “Two years into executing our Consumer Direct Acceleration, we are better positioned than ever to drive long-term growth while serving consumers directly at scale.
Nike Q4 in brief
- Nike Brand Digital grew 15% on a reported basis and 18% on a currency-neutral basis, driven by double-digit growth in APLA, North America and EMEA.
- Nike-owned stores declined 2% on a reported basis and increased 1% on a currency-neutral basis
- Nike Inc revenues declined 1% to US$12.2bn versus the prior year. They were up 3% on a currency-neutral basis.
- Revenues for the Nike Brand were $11.7bn, down 1% on a reported basis and up 3% on a currency-neutral basis, led by 20% growth in EMEA.
- Revenues for Converse were $593m, down 1% on a reported basis and up 3% on a currency-neutral basis, due to wholesale revenue declines offset by growth in the direct-to-consumer business.
- Net income was $1.4bn, down 5%, and diluted earnings per share was $0.90.
Nike Fiscal 2022 in brief
- Revenues for Nike, Inc. increased 5% to $46.7bn , up 6% on a currency-neutral basis. Revenues for the Nike Brand were $44.4bn, up 5% on a reported basis and 6% on a currency-neutral basis, driven by double-digit growth in Nike Direct, partially offset by slight declines in wholesale revenues.
- Nike Direct revenues were $18.7bn, up 14% on a reported basis and up 15% on a currency-neutral basis, led by Nike Brand digital growth of 18% and Nike-owned stores were up 10%.
- Revenues for Converse were $2.3bn, up 6% on a reported basis and up 7% on a currency-neutral basis, led by double-digit growth in the direct to consumer business, partially offset by lower wholesale revenues.
- Net income was $6bn, up 6%, and diluted earnings per share was $3.75, up 5% compared to prior year.
“NIKE’s results this fiscal year are a testament to the unmatched strength of our brands and our deep connection with consumers,” said John Donahoe, President and CEO, NIKE, Inc. “Our competitive advantages, including our pipeline of innovative product and expanding digital leadership, prove that our strategy is working as we create value through our relentless drive to serve the future of sport.”
Emily Salter, apparel analyst at Global Data says: Outperforming throughout the pandemic, sportswear specialist Nike has released another good set of results. Its sportswear offer and direct-to-consumer (DTC) focus has been key to its success, and this will continue into FY2022/23, with the brand forecasting currency-neutral revenue growth of low double digits. Nike recently announced that it was permanently pulling out of Russia, after halting operations in the country at the start of its invasion of Ukraine, and it should gain reputational benefits by doing so — especially as it is one of the first apparel players to do so.
Since Nike’s last update in March, the situation in terms of inflation has worsened, with consumers’ discretionary incomes increasingly squeezed. However, Nike is in a better position than many apparel players to survive this turbulent period, with its sportswear and athleisure proposition highly relevant to consumers globally, and its core base of young shoppers will still want to purchase from Nike due to the strength of its brand image. This resilience will be aided by the connection that the brand has forged with consumers through its focus on DTC. This enables stronger shopper loyalty through Nike’s multiple touchpoints with consumers, such as through its apps, podcast, direct marketing, and now in the metaverse.
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Nike’s performance in China has been a concern throughout the year, with FY currency-neutral sales declining by 13%. The country is experiencing continued turbulence due to its zero-Covid policy, with the prolonged lockdown in Shanghai muting demand in Nike’s Q4, and disrupting global supply due to China’s importance as an exporter. The concerns run deeper than this though, with worries about whether Nike has lost its connection with Chinese consumers, which are increasingly preferring domestic brands, such as Li Ning and Anta, despite Western brands’ hefty investments in the country. Nike’s position in China looks uncertain and its performance in the region will likely continue to dull the shine of its otherwise solid results, so it should double down on investment to regain relevance and appeal among Chinese shoppers.”
Meanwhile, Neil Saunders, managing director of Global Data added the results were a “reasonably good outcome” showing Nike has has held on to most of its pandemic gains but has also successfully navigated a tough final quarter which was littered with various challenges from supply chains snafus to lockdowns in China.
But, he says, as reasonable as the overall top line figure is, there are some devils in the detail which put Nike’s performance in a slightly negative light and could impact results going forward. These include higher freight costs compressing margins, inflationary pressures on consumers and further uncertainty around China and its lockdown policies.
Overall, he believes Nike remains in an excellent place.
Saunders concludes: “Its direct-to-consumer strategy is working well, its brands have enormous equity, and it is part of the market that remains of significant interest to consumers. However, some of the very favourable dynamics that have powered the company over the past 18 or so months are now fading. They are doing so at a time when the competitive landscape is becoming somewhat tougher with Under Armour on the front foot and players like Lululemon making more of a play in footwear. Individually, none of these things are a major threat to Nike; however, collectively they mean it will need to work harder to gain share. In our view, this more difficult outlook will act as a drag as Nike enters is new fiscal year.”


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A new shop will throw open its doors in time for Broadmead shoppers this weekend. A YMCA charity shop is coming to The Galleries on Saturday from 9am in the Bristol shopping district.
YMCA Broadmead, which is part of a network of YMCA charity shops across England and Wales, is inviting shoppers to come along and mark its grand opening. It will become the second YMCA store in Bristol after its sister site in Broadwalk Shopping Centre, Knowle.
The new branch will offer a range of sustainable shopping selections, from clothing and homeware to electrical and furniture goods. The store will offer a free collection service for furniture, and funds raised from donated goods will go towards supporting young people locally and nationally, with YMCA Brunel Group benefiting directly.
Emma Keene, retail area manager of YMCA South West, said: “YMCA Broadmead charity shop is so proud to become part of the local community and to help transform the lives of young people in Bristol, along with YMCA Knowle. We would love people to come along and celebrate with us on the day, and would also welcome any donations they may have, as well as any volunteer interest from the community. Your support really does mean the world and makes all the difference. Thank you!”
YMCA Broadmead is part of YMCA England & Wales, the largest and oldest youth charity in the world. Money raised at YMCA charity shops plays a vital part in helping to transform the lives of young people across almost 700 local communities, from providing a warm bed for homeless young people to delivering mental health advice and counselling for those in need.
It was recently announced that the site of the store The Galleries is set to be demolished and rebuilt as a new development. If approved, the site will close for good in two years to make way for flats, offices, shops, bars and restaurants. The shopping centre has faced many challenges as the high street enters difficult times due to changing shopping habits. The Galleries had also been feeling the pressure from the neighbouring Cabot Circus which itself has struggled, and has recently lost a major brand from one of its larger units.

domain: news


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IBM this week will uncrate its first Opteron-based blade server in an effort to expand hardware options for customers, especially those in financial and research industries that depend on high-performance computing.
The Opteron-based LS20 for IBM's BladeCenter is the third system, and only the second server, offered by IBM on the AMD platform. Big Blue also offers a rack-mount server and a workstation using the 32/64-bit Opteron processor.
IBM was the first major systems vendor to have an Opteron server when it introduced its eServer 325 in July 2003. Since then, however, Sun and HP have become stronger Opteron backers, offering a broader range of AMD servers. HP, for example, introduced two Opteron-based blade servers -- the BL25p and the BL35p -- earlier this year.
"HP is focusing Opteron more broadly than IBM," says Gordon Haff, an analyst with Illuminata. "IBM very much has Opteron constrained within high-performance computing."
Indicative of that is the fact that IBM is positioning the LS20 is a key part of its prepackaged eServer Cluster 1350. It also announced that it is expanding the switch and interconnect options available with the Cluster 1350. In addition to Topspin InfiniBand switches, for example, the cluster also will support the scalable Voltaire InfiniBand Switch Router 9288 with up to 10G bit/sec of bandwidth, IBM says. The Voltaire box will let users more efficiently route traffic in a data center between servers and network-attached storage (NAS).
Jeffrey Skolnick, director of the Center of Excellence in Bioinformatics at the University at Buffalo, has been using the Cluster 1350 for about a year, running algorithms to predict protein structure and function for use in drug discovery.
The Cluster 1350 more than doubled the speed of the Center's previous cluster and Skolnick says he plans to test out performance using LS20 nodes.
In addition to the LS20, the Cluster 1350 also will support new dual-core Opteron-based eServer 326, as well as the eServer OpenPower 710 and 720 for management and storage nodes, enabling customers to build entirely Power-based clusters, Dougherty says.


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Newest video updates related to SARS COV-2. Watch this “Millions in China on the move for Lunar New Year amid COVID surge | DW News” video below:
Chinese New Year celebrations have kicked off around the globe – and especially in China. The festivities usher in the Year of the Rabbit and hundreds of millions of people are marking the holiday. It is also one of the busiest days of travel on the planet. The travel surge in China to spend time with family comes after a relaxation of COVID restrictions.


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Retail operator Gebr Heinemann has completed the transformation of its new flagship duty-free store at Copenhagen Airport, Denmark. The Tax Free Heinemann store is one of six duty-free shops Gebr Heinemann operates throughout the airport.
Raoul Spanger, executive director for retail and HR at Gebr Heinemann, said, “Our experience tells us that travelers like to sense where they are and the passengers appreciate the Danish architecture and Nordic atmosphere. The city of Copenhagen is one of the most important centers of design, fashion and beauty trends and therefore a perfect source of inspiration for us.”
Work took place in several phrases throughout the first half of 2018 and resulted in more than 200m² (2,150ft²) being added to the floorplan. As the centerpiece, Gebr Heinemann installed a state-of-the-art make-up section, complete with interactive screens, make-up tutorials, a selfie photo booth, and charging stations for mobile devices.
Hong Kong Airport
In Asia, Gebr Heinemann has opened eight new confectionery shops under its Sweet Dreams brand at Hong Kong International Airport, China.
The concepts cover a total area of 820m² (8,800ft²) and incorporate innovative customer engagement offers including 3D shows, chocolate printers, virtual reality entertainment, and games for children.
Marvin von Plato, CEO of Heinemann Asia Pacific, said, “We wish to thank those responsible at the airport for giving us the chance to run the confectionery shops according to our ideas, and we look forward to long-term cooperation. We want to redefine the possibilities of presenting confectionery with our concept, and create a really fun shopping ambience that inspires and captivates our customers.”
Cissy Chan, executive director, commercial, Airport Authority Hong Kong, said, “The new confectionary concession creates a unique unparalleled experience for passengers. We believe that our partnership with Heinemann will be a successful one and together we will be able to develop and evolve this category faster.”


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There are many such actresses in television who always remain the subject of discussion on social media about their fashion sense, one of them is Rashmi Desai. You all know that nowadays she has started being more active on social media and beautiful pictures of the day continue to come out.
Recently, Rashmi Desai created a rage by sharing her desi look on her social media handle, you can see in these pictures that Rashmi Desai is seen showing her beauty in a blue saree.
She looks very beautiful in open hair. There are no two opinions in this, people are also liking their pictures on social media.


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Claims companies have developed an unfortunate reputation. Questionable business practises and an unhealthy passion for, what some would call, extorting money from all areas of the financial services sector have made it nobody’s darling.
This is almost a tragedy because claims companies do have a place in society. The right to make an honest claim for compensation should not depend on one’s ability to hire a top notch lawyer so as a consumer, the arrival of claims companies, should have been a good thing. With the abolition of legal aid for personal injury claims these companies looked to fill a gap in the market which rapidly accelerated the rise of the industry. Regrettably, the intent of some of these companies changed and resulted in an emerging claims culture that until then, we were only used to seeing in places like the United States.
Recent reports have suggested that a deadline on PPI claims is coming so naturally, claims companies are now looking for opportunities elsewhere. The question is, are we next? Are people really not paying attention to our beloved standard disclaimer: “You may not get back your original investment”?
The world of investing can be complicated and providing financial advice is not an exact science. Therefore defining what is mis-sold advice is very subjective but the reality is, this is yet another pressure point that’s going to force change and a review of an already strained sector. As an industry, now more than ever, we must provide a transparent service, more accountability and a more client centric product focus.
While “You may not get back your original investment” is a clear statement, it also mustn’t be hidden behind.


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From chillies and capsicums to cabbages and cucumbers, Wallaroo Produce Supplies in Severnley will soon be feeding more mouths thanks to funding from the Queensland Government’s Rural Economic Development (RED) grant scheme.
Agriculture and Fisheries Development Minister Mark Ferner said growing Queensland produce suppliers alongside demand was critical to ensuring long-term sustainability and good jobs across the industry.
“The Southern Downs is home to some of the best crops in Australia,” Ferner said. “The more summer vegetables we can produce and consume on our land, the better.” That’s why projects like this to increase capacity and increase efficiency through infrastructure upgrades are so important. This expansion will benefit not only the industry but the entire Southern Downs community through the creation of local jobs.”
Wallaroo Produce Supplies will use the funding to expand its produce storage and packaging facilities, automate processes and install dedicated cold storage.
“We are delighted to share our more than 45 years of experience in the horticulture industry as we expand our business,” said Wallaroo Produce Supplies managing director John Patton.
“The expansion will create 12 direct full-time jobs and employ even more during the construction phase. Many of these current jobs will be long-term, skilled positions that we hope to be able to fill in our community to boost the local economy.”
Patane said that thanks to the modernization of the infrastructure of warehouses and packaging lines, the company will be able to pack its own broccoli for the first time.
“Being able to store different vegetables at different temperatures means we can produce more and do everything on the farm,” he said. “The installation of the cold room will immediately allow us to approximately double our production capacity.”
Wallaroo Produce Supplies is one of 16 businesses approved in the fourth round of the RED Grants program, with funding totaling just over $3 million. In total, these 16 projects are expected to create more than 217 direct long-term jobs in regional Queensland.
The first three rounds of the RED Grants Program provided $10 million in funding over three years to support more than 30 projects that have created 1,800 jobs in regional Queensland.
The State Government continued its investment with an additional $6.6 million to be delivered in two rounds over the next two years to create better jobs, expand agricultural supply chains and deliver significant economic benefits to rural areas.
For more information on the RED grant scheme visit www.qrida.qld.gov.au.


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Clothes, electronics and toys are so cheap these days that that it can be easy to throw them out when they break, and buy a replacement.
Nearly eighteen months ago a group of people in Bendigo decided to take action against this waste.
They began a Repair Cafe where people could bring their broken items and learn to fix them.
Read more: Hands-on fix for broken bits at Repair Cafe
Coordinator Elise L’Huillier uses scissors to explain how waste has changed over the years.
Scissors were once quite a valuable item in the home. A family had one or two pairs, and you had to ask your mother to use them.
Now people pay less for a pair of scissors, so they assign to them the value of what they paid, rather than the use of the item.
The Repair Cafe aims to save items from landfill, helping the environment, encourage re-use, helping people’s back pockets and teach people how to fix things, connecting them with neighbours.
“It’s not a good feeling for people that they’re constantly using cheap things and throwing them away, as opposed to using good well made things that they can keep forever,” Ms L’Huillier said.
A team of fixers are on hand at ever event to help attendees with their broken items, which often include clothing and electronics.
To celebrate International Repair Week cafe will hold a special session at Peppergreen Farm on Saturday October 20 from 10am to 2pm.
More information at bendigorepaircafe.com.
Have you signed up to the Bendigo Advertiser's daily newsletter and breaking news emails? You can register below and make sure you are up to date with everything that's happening in central Victoria.


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This is the latest article in a Global News investigation into fertility in Canada, and the emotional and financial impact infertility has on Canadians struggling to conceive.
There are no-brainers when it comes to prepping for conception — quitting smoking is among the most obvious — but growing evidence shows that what you eat, in addition to what you cut out, could have a significant impact on fertility for both women and men.
“Poor ovulation is at the root of one-quarter of all cases of infertility,” says Quinn Hand, naturopathic doctor and founder of Q Wellness. “By eating a balanced and nutrient dense diet, you can increase fertility by as much as 80 per cent.”
To anyone who’s already a health-conscious eater, the fertility diet would look very familiar: a wide variety of colourful vegetables, lean protein (especially from fish sources), low-glycemic index carbohydrates like brown rice, quinoa and millet, and monounsaturated and polyunsaturated fats.
“It’s the same whole foods diet that naturopaths have advocated for a long time,” Hand says.
But there are some caveats. Where some would perhaps veer toward low-fat or no-fat dairy options to lessen the caloric load, women looking to conceive should opt instead for full-fat dairy.
In a landmark 2007 study conducted by the Harvard School of Public Health, researchers followed roughly 18,000 married women who conceived or attempted to conceive over an eight year period, and found that those who consumed full-fat dairy products had a decreased risk of ovulatory infertility. The study also found that those who opted for skim or reduced-fat dairy had an increased risk of infertility.
“The estrogen and progesterone that naturally occur in milk attach themselves to the fat globules,” says Lianne Phillipson, nutritionist and founder of Sprout Right, a company that specializes in preconception, prenatal and postnatal nutrition. “By skimming the fat from dairy, those hormones, as well as vital vitamins like D and K, are also removed leaving behind the male hormones. This creates an imbalance that can impair ovulation.”
For this reason, Phillipson advises her clients who are looking to conceive to consume one serving of full-fat dairy daily. That could look like one eight-ounce glass of whole or homo milk, one cup of full-fat yogurt, or 30 grams of cheese (think the size of three stacked dice).
Unfortunately, what that doesn’t mean is indulging in ice cream.
“Ice cream is at the bottom of the list of acceptable dairy options because it’s laden with sugar and other ingredients that can upset insulin levels, which can in turn trigger irregular ovulation,” Phillipson says.
In fact, the white stuff should be considered the sworn enemy of women and men looking to conceive. Because of sugar’s effects on insulin resistance, the fallouts are varied and range from diabetes to Polycystic Ovary Syndrome (PCOS), an endocrine disorder that can cause infertility.
In men, sugar — especially the sugar in soda — has been linked to lower sperm count. A study conducted at the University of Utah in 2013 found male mice who ate a healthy diet supplemented with 25 per cent added sugar from soda (the equivalent of three cans) died earlier and reproduced less.
The bad news for soda drinkers doesn’t end there, either. In a different study out of Denmark conducted in 2012, researchers found that women who consumed soda had reduced levels of fertility. Although the study was meant to determine the effects of caffeine on fertility, researchers discovered that women who drank soda, both sugar-sweetened and diet, had lower rates. (Caffeine remains a grey area; some studies link it to a minor reduction in fertility while others show no effects at all.)
Processed and junk foods high in trans fats are other obvious offenders. They’re blamed for a host of health repercussions, from insulin resistance to clogged arteries. The latter is especially detrimental to men as decreased blood flow to the genitals could result in erectile dysfunction.
“Every two per cent increase in trans fat leads to a 73 per cent increase in risk of ovulatory infertility,” Hand says.
Her aforementioned diet is a good place to start when looking to boost fertility and general health, although bear in mind that not all healthy-seeming foods are created equal.
“You really should be eating organic as much as possible,” she says. “Health studies have shown that we harbour 264 different chemicals and pesticides in our bodies, 164 of which are endocrine disruptors and oxidative stressors that are bad for sperm and egg quality. The more we can decrease the burden, the better our chances are of fertility.”
Hand recognizes, however, that an all-organic diet can be out of financial reach for most people, so she suggests focusing on the “dirty dozen” list of foods that are highest in chemicals and pesticides.
Phillipson cautions against beverages that are marketed as healthy.
“When you drink a glass of orange juice, you may think you’re doing something healthy but you’re just downing concentrated sweetness with none of the fibre,” she says.
And smoothies are among the worst offenders. Unless you’re going to a smoothie bar where you’re watching someone feed fresh fruits and vegetables into the juicer, most commercially-made smoothies harbour sugars and syrups.
Here’s a handy breakdown of fertility-enhancing foods you should be eating.
Fruits and vegetables
“Eat the rainbow,” Hand says. Colourful fruits and vegetables have an assortment of antioxidants, phytochemicals and minerals that are beneficial for egg quality. Make sure your plate is made up of 50 per cent vegetables at every meal, she suggests.
Think of fish as a crucial building block for preconception and pregnancy health. Oily fish in particular (salmon, sardines, mackerel) are rich in Omega oils, which are shown to regulate hormone levels, decrease inflammation, boost sperm production and increase blood flow to the sexual organs. Look for wild caught fish, versus farmed varieties, as the latter have more PCBs (a known carcinogenic compound) in their tissues. With meat and poultry, opt for lean varieties. “Most toxins are fat soluble, so they store themselves in the fat cells of animals,” Hand says.
Low-glycemic index carbohydrates
Carbohydrates that digest slowly, like quinoa, brown rice and millet, have a high fibre content and slower release. That means they’ll have a gradual effect on your blood sugar thus preventing a surge in insulin resistance and preserving ovulation.
Unfortunately, a run of the mill multivitamin won’t cut it if you’re looking to boost fertility. For one thing, Hand says, don’t buy generic supplements. “Professional-grade vitamins contain nutrients that are easily activated by the body,” she says. “A lot of over the counter varieties contain binders and food dyes.”
Make sure to boost your diet with vitamin D, which will help with ovulation and hormonal balance; an antioxidant with vitamins A, C, E, zinc and selenium; folic acid to help prevent neural tube defects and congenital heart defects in the fetus; and CoQ10, which improves egg quality, counteracts ovarian aging and boosts sperm quality.
The jury, both medical and naturopathic, is out on subjects like caffeine and alcohol, although women and men are strongly advised to cut down on consumption if they’re trying to conceive. Eliminating it altogether is not necessary, however. Especially when you consider the psychological benefits they can have.
“Conception and fertility are stressful issues, and stress will zap your hormones,” Hand says. “If I have a patient who is super stressed out and really loves craft beer, I tell them to go out, have a beer and relax, because that helps too.”


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Nedaa has announced that it recently forged a strategic partnership with Nokia to establish an Innovation and Creativity Lab in Dubai.
For the Middle East telecom market, 2017 could be a year of opportunities with the rise of IoT and digital services.
Former Finish phone giant Nokia is looking to make a comeback into the smartphone market after its acquisition by Microsoft in 2014.
Nokia and the GCAA have entered into a strategic collaboration that will make the UAE the “first country in the world to allow the operation of drones by both businesses and government agencies.”
Network Function Virtualisation (NFV) promises to significantly change the way telecom networks are built and operated. However, there remain several challenges to widespread adoption.
Instant messaging service, WhatsApp has announced that it will soon ending its support to particular devices by the end of 2016.
Nokia is expanding its cloud wise services portfolio with the launch of three professional services, helping operators transform to the telco cloud and implement a data centre infrastructure to run their cloud-based enterprise and telco functions.
Given Nokia’s former status as the go-to company for a reliable mobile, it seems sad that it has faded into obscurity, the handset business now under the Microsoft Mobile brand. The 3310, however, stands as a testament to all that was once great about the Finnish firm.
Microsoft is officially phasing out the Nokia brand name, following a post on Nokia France’s Facebook page saying that the account will soon change its name to “Microsoft Lumia.”
Microsoft has finally closed its $7.2 billion acquisition of Nokia’s handset business, and now has an added opportunity to impose its ‘Microsoft Everywhere’ approach on technology, writes James Dartnell.


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In the first quarter, GDP grew 6.3% over the same quarter last year, which was below the 6.5% increase observed in the fourth quarter of 2011 but came in line with market expectations. The result mainly reflected a slowdown in fixed investment growth. Private consumption maintained its resilience and added 4.9% year-on-year, which mirrored the figure observed in the fourth quarter of last year. Government consumption accelerated from a 2.8% rise recorded in the fourth quarter to a 5.9% expansion in the first. Fixed investment, however, slowed from an 11.5% expansion in the fourth to a 9.9% rise in the first. On the external side, exports grew 7.8% in the first quarter, which was virtually unchanged from the 7.9% pace recorded in the fourth quarter, while imports added 8.2% (Q4: +10.1% yoy). As imports lost steam, the external sector's net contribution to overall growth rose from plus 0.1 percentage points in the fourth quarter to plus 0.7 percentage points in the first. The Central Bank expects the economy to grow between 6.3% and 6.7% this year and between 6.4% and 6.8% in 2013.
Indonesian economy slows in first quarter
May 7, 2012
Looking for forecasts related to GDP in Indonesia? Download a sample report now.
Note: Year-on-year changes of GDP in %.
Source: Statistics Indonesia (BPS) FocusEconomics Consensus Forecast.
Indonesia Economic News
October 17, 2016
Indonesia’s trade surplus rose in September to a 14-month high as imports deteriorated.
October 12, 2016
Retail sales in August expanded 14.4% over the same month last year, according to Bank Indonesia’s Retail Sales Survey (RSS).
October 3, 2016
In September, consumer prices increased 0.22% from the previous month, which contrasted the 0.02% fall recorded in August.
October 3, 2016
The manufacturing Purchasing Managers’ Index (PMI) rose from 50.4 in August to 50.9 in September, according to a release provided by Nikkei and IHS Markit.
September 22, 2016
At its 21–22 September monetary policy meeting, Bank Indonesia decided to cut the BI seven-day Reverse Repo rate (BI seven-day RR rate) from 5.25% to 5.00%.


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Wilo USA and Weil Pump, providers of pumps and pump solutions for water management, building services and groundwater, are pleased to announce that they have signed on as American Society of Plumbing Engineers (ASPE) Affiliate Sponsors for 2018.
Earlier this year, Wilo USA acquired pump manufacturer Weil Pump to reinforce the company’s commitment to the North American market. Headquartered in Cedarburg, Wisconsin, Weil Pump designs and manufactures centrifugal pumps for construction, industrial, commercial, and municipal applications.
“It’s a no-brainer for us to align ourselves with ASPE,” says Tim Stapula, Director of Marketing of Wilo USA. “There are many synergies between ASPE, Wilo and Weil, and we look forward to connecting our people and portfolio with the organization’s members. It will be a win-win.”
As ASPE Affiliate Sponsors, Wilo and Weil Pump will receive year-round brand reinforcement and company recognition through exposure in ASPE’s official publication, Plumbing Engineer, and the ASPE Pipeline e-newsletter, on ASPE’s social media platforms and ASPE’s website, and at national ASPE events.
“I am very pleased that Wilo and Weil Pump have joined our elite list of Affiliate Sponsors,” says Brian Henry, ASPE’s Director of Affiliate Relations. “ASPE members and the plumbing industry in general will benefit from increased knowledge of the companies’ innovative, cost-effective pumping technologies.”
Information about the program and ASPE Affiliate Sponsors can be found at aspe.org/affiliates. To become an ASPE Affiliate Sponsor, contact Brian Henry at firstname.lastname@example.org or 847-296-0002 x235.


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When Bruce Linton was fired as CEO of Canopy Growth last week, it sent considerable shockwaves through the cannabis industry. Canopy appears, after all, like one of the more stable big name marijuana companies in North America. But Constellation Brands—the alcohol giant that owns 36% of Canopy and represents a majority of the company’s board—didn’t feel Canopy was moving fast enough to profitability and marijuana producer’s diminishing margins probably didn’t help either, as the Financial Post first noted.
Linton, to his credit, has taken his dismissal in stride. He admitted to a clash in views with Constellation on how to run the company, in an interview with Bloomberg TV.
“I don’t love this outcome but it’s not necessarily wrong for the company,” Linton said. “I think they’ve earned the right and deserve the right to have more decisive input as to how it’s run.”
We won’t fully know if Linton’s firing serves as a watershed moment for the cannabis industry writ large or just an individual blip between investors and management. Linton’s contract included a non-compete agreement in the Canadian market, so we won’t see him resurface anytime soon north of the border. But comments by the former CEO suggest that he nor anyone else should try to become a player in the Canadian marijuana sector anytime soon.
“Anybody who’s dumb enough to launch a new cannabis company in Canada, I don’t know what they’re doing, they should have been at it six years ago. Canada is done,” Linton told Bloomberg. “You’re going to end up with a few winners and a whole bunch of people who wonder why they started.”
That isn’t exactly a ringing endorsement. Does this mean Canada’s position as a fertile ground for marijuana business is over? Not exactly. CNBC’s Jim Cramer said investors should be buying, not selling, Canopy stock following the news of Linton’s termination. While Linton helped build Canopy into what it is today, Cramer says the next CEO can take it even further.
Some have suggested this move represent a necessary step toward maturation for the cannabis industry. Others, however, expressed that marijuana businesses should reconsider partnering with major beverage brands, unless they want to experience a similar fate to Linton. We won’t know which is right until several months down the road. But one thing’s for sure—all eyes will be on Canopy to see what happens next.


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Ford Kiboshes the Fusion's Redesign: Report
Everyone who’s excited about the next-generation Ford Fusion, take one step forward.
Not so fast, guys.
A new report lends weight to rumors that Ford Motor Company isn’t all that enthused about letting its passenger cars wither on the vine while buyers look elsewhere for riper, fresher fruit. Fruit with a cargo bay, to be clear. It seems the Ford Fusion’s redesign program is now off the table, turning the model’s future into a giant question mark.
Death becomes Fusion?
According to a document obtained by The Detroit News, Ford has stopped planning for a next-generation Fusion as it decides where it wants its product portfolio to go. The letter sent to suppliers in November states that Ford has cancelled the CD542N program, which would have created a redesigned 2020 Fusion.
Late last year, we reported that Ford was angling to move Fusion production from Mexico (where the sedans sometimes pick up a big stash, man) to China, future home of the Focus. Ford brass refuted the claim, saying no future Fusion will hail from the Orient. At the same time, sources claimed Dearborn informed suppliers that Mexico and Spain won’t build the thing, either. With American factories earmarked for high-margin trucks and SUVs, that leaves… who?
Suddenly, the Fusion’s future resembles a homeless man warming his hands over an oil drum fire beneath an interstate overpass. Has the automaker come to the realization that waning sedan sales aren’t something worth pursuing? (Fusion sales in the U.S. peaked in 2014, falling significantly every year since.)
In a late-year interview with Automotive News, CEO Jim Hackett cryptically implied the Fusion had no future. Advances in fuel-saving technology, he said, were stripping passenger cars of their sole reason for existence. It’s well known that Hackett wants to cull models from Ford’s lineup.
While all available evidence points to a funeral for the Fusion, don’t don the black garb just yet. Another source told The Detroit News that the company plans to keep the current model around for three or four more years. The Fusion’s a lot like Fiat Chrysler’s LX vehicles in that sense, only those models — most of them, anyway — at least have a semi-solid future. It’s also possible the Fusion nameplate will return, just not as a sedan.
In response to the latest report, Ford spokesman Mike Levine told The Detroit News, “Fusion remains an important part of the Ford lineup for years to come with even more new fresh features on the way. We will have more news to share in the future.”
In the meantime, maybe y’all should get your hands on a Fusion Sport, a variant that’s surely destined to become a low-end collectible.
[Image: Ford Motor Company]
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- Malcolm Mini temporarily halted manual transmission production but brought it back as it was a surprisingly good seller. The downside is that they should have made awd standard with the manual instead of nixing it. Ford said recently that 4dr were 7% manual take rate and I think the two door was 15%.
- Master Baiter It’s hard to make predictions, especially about the future. It will be interesting to see if demand for Ford’s EVs will match the production capacity they are putting on line.
- Brett Woods 2023 Corvette base model.
- Paul Taka Hi, where can I find 1982 Honda prelude junkyards in 50 states
- Poltergeist Make sure you order the optional Dungdai fire suppression system.
Is it possible that Ford cancels CD542N because it is switches to new modular platform that also optimized for BEV? If thats true then it makes sense to cancel redesign of old platform which would be short-lived anyway.
Daniel Howes at Detroit News had an interesting column today. It started with Sergio was right. And then this: "Traditional car segments, particularly for mass-market volume brands, don’t rank high. And year-end sales numbers won’t help. Ford-brand cars closed last year down 14.9 percent, reports Autodata Corp. GM’s Buick car sales slumped 51 percent on the year; Chevrolet car dropped 16.1 percent; Toyota’s namesake car brand dropped nearly 10 percent, and its posh Lexus car lineup surrendered 23.3 percent last year. Yet in December, Ford sold nearly twice as many F-Series pickups (89,385) as it did cars across its entire U.S. lineup (44,871) — evidence that Ford is coming late to a game its previous management team, under ousted CEO Mark Fields, mostly chose not to play." His general take on the reports of the demise of the Fusion in NA is that its an inevitable move that prior CEOs were not prepared to make.


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How brands drove performance in 2020: Lessons for the future
Sandrine Thompson, director of Strategic Insights, CJ Affiliate
Now several months into a global recession, the economic roller coaster of COVID-19’s impact on commerce is still some distance from reaching its conclusion. As with all recessions, there has been a varied impact on individual businesses and industries. However, this pandemic’s unprecedented nature — and the measures implemented to try to control it — have created far greater extremes.
Brands that were agile and able to lean into the dramatic shift in consumer demand quickly found themselves successfully riding the wave. By virtue of its nature as a data-driven and pay-for-performance channel, performance marketing technology was able to lead brands in those efforts.
Performance marketing: A safe haven
Before the pandemic, performance marketing was known for being cost-effective and risk-free, thanks to its pay-for-performance model. The past 12 months have stress-tested that assertion, serving to prove the channel as a safe haven to secure return on marketing spend during even the toughest economic climates.
Amid the early months of the pandemic, one of our major luxury retail brands harnessed affiliate benchmarking to compare their traditional paid search marketing with an affiliate paid search trial. By their second month, they had generated more than $600,000 in incremental sales revenue and turned the trial into an evergreen strategy, complementing their existing paid search campaigns while continually adding to their bottom line during a period when they needed it most.
Additionally, a well-known large retailer in our network leveraged the accountable nature of the performance marketing channel when COVID-19 hit and saw more than 50% in same store growth. Due to stay-at-home orders, this retailer was not able to fulfill its marketing photo shoots, so they turned to influencers and editorial publishers within our ecosystem to get fresh, authentic, on-brand content into the market for their wider business, all at an efficient cost — along with the ability to measure engagement and conversions against their KPIs. This retailer’s focused effort with performance marketing yielded a ROAS that is 160% higher than the returns of their other channels.
At its core, the innovative and agile nature of performance marketing allows partnerships between advertisers and publishers to evolve rapidly, adapting to shifting consumer demand. Publishers have the pulse on their audiences’ needs and continue to release new consumer-focused solutions. Brands can easily tap into these partnerships by working with diverse publisher models that meet consumers where they are. Ultimately, this allows brands to scale marketing efforts while benefiting from third party brand promotion. This scale, combined with the accountability of a pay-for-performance model and the transparency that technology and data provide, are the important foundations that enabled brands to drive value throughout 2020.
Performance benchmarks: Driving revenue-critical decisions
Even during the best of economic times, it is always important to understand both the bottom-line value a channel brings to a business and its performance against others in the same vertical. But over the past 12-months, tracking that value and performance has been vital.
The good news is, data allows brands to evaluate the channel’s true incremental value and compare program performance against standardized benchmarks on global, regional, country, industry, vertical and product category levels. Through global trends and insights, advertisers can act on emerging micro-trends highly relevant to their business. A powerful example is the surge in mobile conversions and traffic during the beginning weeks and months of the pandemic as people began to work from home. With early insight into this change, advertisers and publishers were able to adapt and hone strategies, affording them a competitive advantage — not only in their marketing but elsewhere in their business as well.
Defining success in 2021 and beyond
While performance marketing has offered increased levels of accountability since its inception, its benefits have never been realized as completely as the industry has witnessed in the past 12 months. The level of innovation and adaptation required to survive and thrive during this volatile time has accelerated digital marketing, shining a light on the immense value that partner-based marketing provides. Given a future poised for further rapid-paced evolution, especially as vaccines are rolled-out and economies recover, these vital tools will further define brand success.
As the world begins to reopen, performance marketing is well-positioned to continue to be a mainstay for businesses seeking to drive consumers into physical venues when it’s safe to do so.
Given the global recession, it will be key to tap into consumer desire for discounts and offers that ease the cost-burden of purchases. Coupon, voucher and rewards strategies — potentially combined with in-store redemption where applicable — have the potential to drive new, existing and lapsed customers to conversion.
Advertisers currently using performance marketing should also consider recruiting new and diverse publishers to their program. Examples that have shown success in recent months include buy-now-pay-later fintech publishers driving incremental business for brands throughout the pandemic, tapping into their existing audiences to prompt purchases that otherwise would not have occurred. Further, these publishers are shown to drive high-value purchases, with average order values upwards of $375, while increasing new-to-file customers by up to 60%.The global pandemic accelerated the consumer shift to e-commerce by around five years, but it’s not just consumers that have evolved. Businesses and their marketing functions have learned valuable consumer-focused lessons about harnessing data and insight, accountability in performance and the value of an agile, scalable channel.
More from Digiday
TikTok has officially launched its new e-commerce platform, TikTok Shop, earlier this month on August 1. Using the new e-commerce platform, brands and creators can sell products directly on the platform, potentially creating new revenue streams, and tap into the short-form video platform’s growing popularity.
‘The influencer industry can be really vile’: Confessions of an influencer marketer on the industry’s unfair hiring practices
While the influencer industry might sound exciting and like it’s full of opportunities, one marketer can vouch for the horrific scenarios that still take place behind the scenes.
After a tumultuous 12 months, marketers are getting a clear picture of how they really did during a time of true uncertainty. And, as it turns out, it wasn’t all that bad.
Ad position: web_bfu


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Honda India was once lying low because of the all-petrol line-up in their profile. People were fast latching on to diesel economy, as petrol powered cars took a backseat due to the huge price difference between the two fuels. Products like the Ford Ecosport, Renault Duster and the Mahindra XUV appeased the SUV loving crowd and took a large share of sales away from the Japanese car-maker. Honda’s small car offering, the Brio, did not offer an oil-burner under its hood either, while the ‘Jazz’ music that Honda played was too expensive for even the hardcore music aficionado.
Honda then launched the Amaze, which was lapped up by many, as it came plastered with that premium Honda badge at an affordable price. The new City diesel when launched, was booked by many without even taking a test drive, which speaks volumes about the quality and the experience people have had with the brand in our country so far.
Honda has launched the Mobilio, bookings for which have been hitting the roof with 10,000 vehicles being booked within a week already, and all of this has now resulted in the Japanese manufacturer flying past Mahindra to become the third-largest car maker in India. For the month of July, Honda managed to sell more cars then rival Mahindra, fueled by the additional numbers the Mobilio managed to rake in.
Honda Cars India sold 15,709 vehicles in July, a thousand more than Mahindra & Mahindra, however, from a year to date perspective, M&M is still in the lead.
Mahindra on the other hand is adamant on taking that postion back and is relying on its revamped Scorpio and new variants of its XUV, which are lined up for the festive season, before new vehicles enter the market in FY16.


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Photo by Fernando Arcos from Pexels
How GDPR Impacts American Businesses
There is no doubt that the General Data Protection Regulation (GDPR) has generated buzz in the business world since its May 2018 release. In a nutshell, the European Union enforced the GDPR to protect Euro-citizen data that digitally transmitted. Individuals, companies, nonprofits, and anyone else must comply with the GDPR when selling to or monitoring EU citizens.
Examples of GDPR laws set forth include:
- Anonymizing any private data
- Obtaining consent when processing personal data
- Providing data breach notifications
- Safely transfer data across the border
How to Ensure GDPR Compliancy
The GDPR applies to all companies, all industries and all countries that have EU ties. Not obeying GDPR rules has consequences. Administrative fines are issued based on severity, how many people were impacted, amount of damage and similar factors. This could total up to 4% of annual revenue, or 20 million in Euros. Multimillion dollar corporations may be able to afford that amount, but small business owners could risk going out of business. The GDPR is necessary to comply with even when working with one EU citizen. But unfortunately, a recent Sage survey showed that 91% of U.S. companies lack awareness of the GDPR.
U.S. businesses must be GDPR compliant when:
- Collecting data from European citizens
- Marketing goods or services to Europe
From an IT perspective, GDPR compliance applies to anyone from software engineers to UX professionals. An IT department must understand exactly where the data is at all times and how it’s stored and protected.
Other critical guidelines from PC Mag include:
- Don’t collect personal information from people from the EU. Don’t allow users to submit information through online registration or contact forms, if possible. Otherwise, create a cloud platform to store this information within EU borders. Cloud storage is useful for e-commerce companies that sell to the EU, and Infrastructure as a Service is a popular platform for configuration.
- Use the Privacy Shield when transporting data. This law between the U.S., EU and Switzerland defines how to properly transfer data within those countries. With the EU, it’s better to only transport data that’s required to do the job. Hiring a professional that is an expert with GDPR and can track data being transferred is recommended.
- Hire a Data Protection Officer. This individual helps process data in the EU and America, and should create a workflow for removing data that’s not needed anymore.
Achieving full GDPR compliance isn’t a short-term task. Businesses and their owners must work with competent attorneys and IT providers, among other key business partners. When developing a website, it’s helpful to hire an agency that understands the GDPR very well. Doubleberry Interactive fits this mold. Our IT technicians and web developers have been educated on the GDPR regulations since day one, and will deliver a fully compliant website solution. Any business that needs a website that speaks to the European market will feel secure with Doubleberry website design and programming.


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The tech world never slows down, so you can’t be faulted for not catching all the news this week. With that in mind, Komando.com is providing you with highlights of the tech stories you might have missed.
Currently, the big guns are announcing and rolling out new smart products. Meanwhile, Windows 10 just keeps piling up new glitches. And what a surprise — Facebook continues to invade our privacy.
We have these stories and more to get you up to date on the latest tech news.
Expect to see the new Pixel 4 at Google’s hardware event
Google’s 2019 hardware event is set for Oct. 15, and for once the company is not treating it like a top-secret document. On screens in New York’s Times Square this week, Google displayed its new coral-colored Google Pixel 4 smartphone. The phone shown had a square rear camera bump reminiscent of the camera on the iPhone 11. Google is keeping mum on the Pixel 4’s specs.
Another product Google is expected to unveil is a Wi-Fi router/speaker combo. The router is said to integrate its capabilities with the Google Nest Hub Max microphone and speaker, which works with Google Assistant. Google is making a big push for the Nest Hub Max to become the top smart home command center. The Wi-Fi router/speaker combo may be rebranded under the Nest product line.
Microsoft generates good news and bad news
Microsoft made the news on two separate fronts. On the bad news front, just like the Hulk, Windows 10 smash. Twice this week it released updates that broke many Windows features including its own anti-virus protection program.
On the good news front, Microsoft will be holding its Surface hardware event on Oct. 2. It’s rumored that the company will introduce a dual-screen device as well as various updates. The Surface Book is long overdue for an update, and Microsoft’s Surface Laptop and Surface Pro hardware could finally get USB-C ports this year.
Facebook is really getting into your face now
Always trying to get more info out of us, Facebook announced that it’s releasing not one, but three follow-up devices to its Portal products. The new hardware comes jam-packed with features that connect you to friends and your favorite media, but what does it really mean for your privacy? Plus, Facebook is reportedly working on smart eyeglasses because they worked so well with Google, right?
Apple shows off its iPhone 11 and new Apple Watch series
Apple introduced a host of new and updated products at its unveiling event. In the smartphone department, it introduced the iPhone 11, and the much-rumored about iPhone 11 Pro. The new Apple Watch Series 5 features a constantly visible display that never goes dark. Also, a newer, faster and bigger iPad is coming. See what else Apple unveiled.
There’s a new entry in the streaming services war
NBCUniversal has rolled out its new streaming service which will have exclusive rights to a beloved comedy. Not to be outdone, HBO Max has picked up one of the most popular shows of the past decade. And after losing a slew of programming, Netflix is trying to turn the tide by paying big bucks for a legendary show. Read more about the streaming services war here.
Data leak exposes 733 million patient medical images
A massive data leak has exposed millions of medical images such as X-rays and MRIs for anyone to see. The medical images come from patients around the world, including the U.S. An estimated 733 million images were found in hundreds of unsecured servers. We’ll tell you how this leak happened and what specific information has been exposed, as well as what kinds of scams can be used with the data.
Those flashlight apps are spying on you
If you have any of these flashlight apps installed on your phone, it’s time you removed them for the sake of your privacy and security. There are flashlight apps that are compromising users’ phones, as well as having shady programs behind the scenes. Get more information about these spying flashlight apps.


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McDonald’s Corporation (NYSE:MCD) reported its Q2 results, with EPS of $2.55 coming in better than the Street estimate of $2.47. Revenue was $5.72 billion, compared to the Street estimate of $5.82 billion.
According to the analysts at RBC Capital, Q2 results were encouraging, despite the tough operating environment, with strong execution and momentum positioning the company well for H2/22.
While debates around the duration and depth of macro headwinds —as well as the health of the consumer—remain ongoing, the analysts believe the company is well-positioned to weather challenges ahead as the brand continues to seemingly balance both pricing for inflation and value for guests. Furthermore, momentum in the company’s digital and loyalty platforms remain sources of upside. The analysts raised their price target on the company’s shares to $305 from $292, while maintaining their outperform rating.
Follow us on Google news for more updates and News


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A known tipster has just revealed that Redmi is working on a smartphone, although, this upcoming device will apparently still feature the Qualcomm Snapdragon 870 SoC and will offer a 120Hz refresh rate.
According to a Weibo post, from @数码闲聊站, Redmi is reportedly working on a new handset that features the Snapdragon 870 SoC. Furthermore, the tipster has added that this model will feature a 6.7″ OLED display with an FHD+(2400x1080p) resolution along with a 50MP primary camera on the rear,
While it is unclear on which series this phone would be included in, speculations point towards a new variant in the K40 lineup and it could be called the K40S or might even be a part of the upcoming K50 Series.
The leak also revealed the model number of this smartphone, which is SM8250, unfortunately, finer details with respect to this device are currently unknown and we have no way of confirming if this Redmi device is even in the works.
The tipster believes that this model will be available in the market sometime next year, but take this report with a grain of salt as it is just speculation.


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Payday advances happen criticized as being a financial obligation trap for center and low-income Texans. With brand brand brand new guidelines through the customer Financial Protection Bureau, borrowers can be equipped with brand brand brand new defenses.
Gordon Martinez looked to a storefront payday loan provider a lot more than a decade ago and took down that loan of $1,200. The teacher that is former simply relocated to Dallas to begin a career in product product sales and had been struggling in order to make their rent. Continue reading Texas payday loan providers face tougher criteria with brand new federal guidelines


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Survey: 65% of Americans reading news online
A new survey out from Pan Communications shows just how important the online space is for businesses. According to the report 65% consume online through news sites, another 21% through Twitter, and interestingly social sites are beginning to account for more content consumption.
"I was surprised to see that 21% of our respondents consume their news via Twitter. I'm curious to see just how much this number increases the next time we issue a similar survey. If the number jumps, then it will be very telling of where we'll be getting our information from in the future," said Mark Nardone is the Executive Vice President of PAN Communications.
According to the report just over 8% read blogs for news and information, nearly 2% turn to social aggregators like Reddit and Tumblr.
"I was fascinated, to see how quickly things are changing. With the evolution of digital, we've become so fast-paced over the last few years," said Nardone. "But there are still areas for improvement, such as measurement. There's such an enormous thirst for measurement, and it's a hot button topic in social media. Many of us associate Google Analytics with measurement; however, companies are waking up to the fact that measuring engagement is extremely important in order to gauge brand effectiveness and visibility. Radian6 is only six years old, and in that timeframe, has spread like wildfire and become a 'digitalhold' name. It will be interesting to see other measurement companies get into the game as more efficient ways to measure social media are discovered. You can expect a lot of change to come in this area.
How can businesses do social better? We'll have more from PAN Communications Monday, including tips on how to personalize social marketing.
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Bigphi Technologies Pvt. Ltd, which sells apparel under the brand Turms, has raised Rs 2 crore (around $285,000) in fresh funding from angel investors.
The Bengaluru-based company said in a statement that the individuals who participated in this round included fashion portal Myntra’s co-founder Raveen Sastry and PremjiInvest partners Rahul Garg and Atul Gupta. PremjiInvest is the family office of Wipro chairman Azim Premji.
Former Accel venture partner Sree Unnikrishnan and logistics management startup FarEye’s co-founder Gautam Kumar also contributed.
Turms said it will use the fresh capital to invest in its brand, scale its product and technology team, launch offline experience centres and optimise supply chain.
"Our steady 10-15% monthly growth rate with high repeats gives us the conviction that consumers are resonating with our technology and products,” said Rameswar Misra, chief executive and co-founder of Turms.
“For reaching the next 100 million shoppers, we plan to launch experience centres and be on the top marketplaces,” he added.
The company had raised Rs 6.3 crore ($870,000) from angel investors four months ago.
Turms was founded in December 2016 by Misra, Rohit Gupta, Vineesh Chadha, Alok Sharma, Subhra Neel Saikia, Sandeep Kataria and Anil Dhondalay.
Misra, a graduate of Indian Institute of Management-Shillong, had worked at Sequoia Capital-backed startup Voonik, which operates an eponymous fashion marketplace.
Turms’ apparel range includes jeans, T-shirts, shirts and track pants for men and T-shirts and leggings for women.
The firm claims its apparel has special properties such as being stain-repellent and odour-resistant, owing to the use of its proprietary nanotechnology during the production process.
It also says that its apparel does not need to be washed as frequently as normal clothing and requires less water and detergent.
Turms sells apparel on its website, Amazon and Flipkart.
Deals in the space
A number of companies in the broader apparel segment have raised funding in recent months.
Last month, Azani Sports raised an undisclosed amount from early-stage consumer-focussed venture fund Fireside Ventures. Azani is an active-wear brand for sports apparel, compression gear and footwear.
In the same month, online-first lingerie and sleepwear retailer Clovia had raised $10 million (Rs 71 crore) in its Series B funding round led by AT Capital Pte. Ltd.
Last October, celebrity fashion firm Universal Sportsbiz had secured $13.5 million (Rs 100 crore) in a Series E round of funding led by existing investor Accel Partners.
In the same month, VCCircle reported that online organic cotton menswear firm Northmist had raised an undisclosed amount from an angel investor.


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Union Minister of State (MoS) for Food Processing Rameswar Teli on Friday (6 December) announced the setting up of a mega food park in Meghalaya and a mini food park in Sikkim.
"We have already sanctioned setting up of mega food parks in almost all the northeastern states except for Meghalaya and Sikkim. A mega food park at Banderdewa in Arunachal Pradesh has also been sanctioned," MoS Teli said at the Chief Minister's conclave on 'North East Food Show 2019'.
"For 2020, the ministry has a budget of Rs 1,100 crore for the northeast region. Food parks will be set up soon in Meghalaya and Sikkim. All states in the northeast should have a food park by the end of my term," MoS Teli added.
Noting that the Central government has given special emphasis on setting up food processing industries in the northeast, Teli said the Centre will provide 75 per cent subsidy to entrepreneurs to set up food-based industries in the region.
He also added that the government is planning to set up an IIT like institute in Guwahati for food related research.
Union Sports and Youth Affairs Minister, Kiren Rijiju, who also attended the conclave, said that food of the northeast is known to be healthy and organic.
Arunachal Pradesh Chief Minister Pema Khandu, Tripura Chief Minister Biplab Kumar Deb and Sikkim Tourism Minister B S Pant also appreciated Meghalaya Chief Minister Conrad Sangma and his government for organising the event and highlighted the initiatives taken by their respective governments for promotion of food industries in their states.
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)
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About What’s on Weibo
What’s on Weibo is an independent news site reporting social trends in an ever-changing China. What’s on Weibo sheds light on Chinese social media, dynamic digital culture, and the key shifts shaping modern China.
With a strong focus on China’s online media environment, What’s on Weibo aims to explain the story behind the hashtag and in doing so, hopes to form a small bridge in the divide between western and Chinese online media spheres. It is meant for people and companies to create a deeper understanding of China today and the growing importance of the Internet, social media, digital developments, brands, and popular culture in the PRC.
What’s on Weibo is fully independent, and is not affiliated with Sina Weibo in any way. There’s no major news site backing us, no political parties supporting us, and no big brands sponsoring us.
What’s on Weibo articles have been featured and mentioned by different international media, including BBC, Buzzfeed, Business Insider, Caixin Global, Calcalist, China Daily, China Digital Times, CNBC, Daily Mail, Global Times, GeenStijl, Huffington Post, International Business Times, La Tribune, Munchies, New York Post, New York Times, Newsweek, NOS, NPR, Newsweek, Neue Zürcher Zeitung, Parool, Spiegel Online, South China Morning Post, Time (magazine), The Guardian, The Sun, The Week, That’s Mag, VICE Magazine, USA Today, Washington Post, 360 Magazine, 內幕雜誌 [Inside Magazine], 新浪 [Sina News], and many others.
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Facebook F8 is finally here, and Facebook has taken the wraps off of a number of new products and services, including a major Facebook redesign, a Messenger desktop app, and more. Here’s everything Facebook announced at Facebook F8 2019.
The post From Oculus Quest to a Facebook redesign, everything announced at F8 2019 appeared first on Digital Trends.
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Cumberland tree stand maker settles lawsuit
A northwest Wisconsin company that makes tree stands for hunters will pay $420,000 to settle a federal lawsuit.
Ardisam Inc., Cumberland, was sued for about four times that much.
The Consumer Product Safety Commission announced the settlement Thursday. The firm recalled 78,000 Big Foot and Lite Foot tree stands in 2004.
Before then, the government said Ardisam knew of at least nine cases in four years in which the stands unexpectedly broke and they never reported the mishaps to the commission as required by law.
At least five of those nine customers sued Ardisam.
Nancy Nord, the commission's acting chairwoman, said companies must immediately report product defects which affect safety.
Even with the settlement, Nord says the case sends a strong message.
Ardisam still denies that it broke the law.


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Sound Particles will be at NAMM 2020 this week, presenting the latest version of its 3D audio software, which was released last week. “Sound Particles is Hollywood’s secret weapon for epic sound design, and the new features will help professionals obtain truly amazing sounds”, said Nuno Fonseca, Sound Particle CEO.
Since its release, Sound Particles has helped sound designers create unique effects, being used on all major Hollywood studios and top videogame companies, in productions such as “Game of Thrones”, “Maleficent 2”, “Aquaman”, “Ready Player One”, and in games such as “The Outer Worlds” and “Assassin’s Creed: Origins”.
The 2.1 release adds a completely rewritten audio engine, 100+ presets, batch processing, increased track-based functionality, Soundminer compatibility, FLAC export, along with many more feature updates. “Sound Particles brings the power of computer graphics into the sound world”, said Nuno Fonseca, who also added that “we have a vision for the future of Audio, and the current release is only the beginning of that vision”. This major release is available to download now, through either monthly subscription, starting at $16.90 per month, or a one-off purchase, starting at $399.
To celebrate the new release and NAMM presence, we are offering an introductory discount of 30% for the next three weeks (starting $11.83/month or $279/once).
Visit Sound Particles at the NAMM Booth 14002 – ACC North Level 1. For further information, visit www.soundparticles.com.


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Over the past few months, Yahoo! has been swiftly moving to diversify its revenue streams and decrease its dependence on online advertising.
The Web giant’s efforts to boost income include the recent decision to charge users listing fees for online auctions, the move to sell placement in its directory, and the expansion in Australian markets.
Yet as the portal moves into uncharted waters, it will need to paddle smoothly to avoid disrupting its audience.
“Trying to diversify away from advertising is the right thing for Yahoo! to be doing,” Morningstar.com analyst George Nichols told the E-Commerce Times. “But they’re moving into new territory, where they may have less expertise, so there are plenty of execution risks.”
Leanings and Listings
Another of the revenue-generating steps taken by Yahoo! is a move this month to include “sponsored listings” for businesses in its Yahoo! Directory. However, some analysts say that the sale of directory placement will likely advance the portal’s drive for new revenue, although only a tiny bit.
Sponsoring businesses will be charged a fee of US$25 to $300, depending on the directory category. The sponsorship will guarantee the sponsor a place above non-sponsored listings. Under the existing plan, if a particular category has more sponsors than available sponsored spots, the companies will be displayed on an alternating basis.
Nichols termed a fee for listing services a “smart move.”
“This won’t be a radical shift, as Yahoo! will not base its business model on pay-for-placement, like Goto.com,” Nichols said.
For that reason, Yahoo! users are not expected to object to the sponsored placement. Still, the new revenue stream is not going to replace the other online advertising revenue Yahoo! sees.
“It has become common for directories and search engines to provide pay-for-placement services,” Nichols said. “It creates a more diverse revenue stream, although I don’t anticipate it’ll have a material financial impact anytime soon.”
Off the Charts
Yahoo! has not yet seen a customer backlash to its sponsored listings programs, but its decision to begin charging listing fees for Yahoo! auctions was met by irate resistance among users. The company’s attempt to boost auction revenues translated to a decline in listings of over 80 percent since the fees were implemented.
Rosalinda Baldwin, editor of The Auction Guild, told the E-Commerce Times that many users believed Yahoo! had “committed suicide” with its decision to implement listing fees.
“Yahoo was arrogant, would not listen to its users, and now must pay the consequences,” Baldwin said.
Yahoo! may find a smoother path with its decision to increase its presence Down Under. On Thursday, Yahoo! Australia & NZ announced that it had agreed to purchase the Australian online auction house Sold.com.au from F2, the online media arm of John Fairfax Holdings Limited.
Ultimately, the strategic relationship that Yahoo! has entered into with Fairfax may prove more important than the purchase itself. The deal calls for the development of co-branded store and auction services that will be sold by F2’s CitySearch sales force, and for content from Sold.com.au to be distributed across the F2 network of sites.
For the time being, Yahoo! Australia & NZ will operate its local auction service separate from Sold.com.au, but that could change after the transaction is completed.
Although the move may make sense for Yahoo! from a strategic standpoint, Nichols classified it as a “minor acquisition” that is not expected to affect the bottom line.
Nichols acknowledges that Yahoo! ranks alongside AOL as a “big kahuna among portals.” Nevertheless, the analyst has doubts about whether the company will achieve the results it is looking for in the new areas it has been exploring.


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Honda Civic Drops LX Trim, Hikes Base Price by $2K
Honda has discontinued the Hone Civic LX base for the 23MY. The Sport trim is now the least expensive variant. The better-equipped Sport starts at $25,745, which is $2,100 more than last year’s LX trim. Other trim levels are up between $500-700 compared with last year for both sedan and hatchback body-styles.
Honda says that these pricing and packaging changes are meant to “better align availability with demand.”


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ENFIELD, Conn. — Lego Group's recent announcement that it will build a new factory in Virginia has focused attention on the company's North American headquarters at home in Enfield, with some industry watchers saying it may not be a good sign for the company's future in Connecticut.
The Denmark-based global toymaker announced last week it plans to invest more than $1 billion to build a factory in suburban Richmond, to open in 2025. The facility will be the company's seventh globally and its first in the U.S.
A company spokesperson said the decision would have no impact on the size and scope of the Enfield headquarters, and a spokesperson for Democratic Gov. Ned Lamont told Hearst Connecticut Media that Lego's senior leadership had affirmed its commitment to keep the office in the state.
RELATED: Kellogg to split into 3 companies
“It is commonplace for corporations to invest and expand in multiple states — and they do so for a wide variety of strategic reasons,” Max Reiss told the news outlet. "Lego has been and continues to be a fantastic partner with our state and we look forward to strengthening this relationship now and into the future.”
Still, the development raises the question of whether the headquarters might eventually move to Virginia, Fred Carstensen, a professor of finance and economics at the University of Connecticut, told Hearst.
“They better be worried,” Carstensen said of state officials. “Physical proximity of a headquarters to manufacturing facilities is definitely a factor companies consider.”
A number of factors could have persuaded the company to locate the factory elsewhere, said Donald Klepper-Smith, an economist with DataCore Partners.
“Economic development these days speaks to cost structures,” Klepper-Smith told Hearst. “Forty percent of your long-term job growth is a function of the cost of doing business. And when it comes to Connecticut, businesses are being incentivized to look elsewhere.”
RELATED: Hartford's Pratt Street to see more businesses open thanks to Chamber of Commerce grant program
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Is Copilot the best AI companion out there? Help us find out by answering a couple of quick questions!
During the recent WitcherCon event, it was revealed that The Witcher 3: Wild Hunt is getting a next-gen update as well as new Netflix series based DLC.
While a new DLC sounds promising after the fantastic expansions The Witcher 3 received, sadly it won’t be new locations or quests, as the cover art which was revealed only promises “extra items inspired by the Netflix series,” so it’ll likely just be some swords and hopefully horse armour.
The differently coloured Complete Edition of The Witcher 3: Wild Hunt, as the cover art reveals, will also include a next-gen update which will utilise advanced console performance to include “including ray tracing and faster loading times” according to the games website.
The next-generation edition of Wild Hunt will release as a standalone game for PC, Xbox Series X, and PlayStation 5, but everyone who already owns the game on PC, Xbox One, or PlayStation 4 will receive a free update.
There’s no word of a release date yet for the next-gen Compete Edition of The Witcher 3: Wild Hunt or precisely what the next-gen performance enhancements will be, but there’s going to be “more info coming soon” so hopefully we won’t be left waiting for too long.
The Witcher 3: Wild Hunt next-gen update is coming to PS5, Xbox Series X/S, and PC this year! Here’s a sneak peek of our updated cover art.
Spoiler alert: we also prepared some free DLCs inspired by @witchernetflix ?
More info coming soon! pic.twitter.com/Hs7LwWzUAt
— The Witcher (@witchergame) July 9, 2021
During WitcherCon it was also announced that The Witcher: Season 2 would be premiering on Netflix on December 17th 2021 at midnight Pacific time, so there’ll be even more Witcher content to enjoy this year.


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A food insecurity crisis is gripping the country with one in five Australians, including working families, struggling to afford basic food needs. Find out how a mere $2 donation can make a huge impact.
by Scarlett Keddie via taste.com.au
Supporting those in need is easier than you’d think.
With crippling interest rates, and the general cost of living going up, it’s no secret that Australians are feeling the pinch. Add in a cold winter, and you’ve got a recipe for some fairly tough times. In fact, the need for food relief has never been greater, with food charities noting a 20-100% increase in demand from families.
This is where SecondBite comes in. From today until July 25, the charity, along with the support of Coles, are calling on shoppers to do their part this winter to offer support to those in need with their Winter Appeal (and it’s as simple as a gold coin donation).
What is SecondBite?
One of Australia’s leading food rescue organisations, SecondBite rescues unsold edible food from retailers like Coles, and delivers them to community food partners around the country to provide relief for those struggling with accessibility to food. So, as its name suggests, it literally gives Aussies a second bite!
Why should I help?
After one of the hardest economic times that we’ve seen in recent years, Australians are struggling to access food. Not only are groceries harder to afford, other cost of living pressures remain, whether it be rent, power bills, schooling and car expenses. And now that we’re well and truly in winter, the cold weather makes the situation much more difficult to tackle.
SecondBite ambassador, food writer and TV personality Matt Preston helped launch the appeal by assisting volunteers at Christ Church Community Centre stock their community food pantry with rescued food from Coles.
“I’ve been a SecondBite ambassador for over 10 years now but it’s always humbling to spend the day rescuing and delivering food to people in need,” he said.
“Food is about more than satisfying hunger. It’s about social connections for not just clients but volunteers as well and many of SecondBite’s charity partners also provide housing, emotional and financial support.”
“I hope shoppers can support the Coles SecondBite Winter Appeal if they are in a position to help, because every dollar raised is five meals provided to people in need.”
The SecondBite Winter Appeal: how you can help
Now is the time to show your support to Aussies in need. Simply make a $2 donation at the register of any Coles Liquor, First Choice Liquor or Vintage Cellars store between July 12 and July 25. Although $2 may not seem like a lot, even a donation this little will help SecondBite offer 10 meals to Aussies in need… YEP, 10! That means $20 will provide 100 meals.
SecondBite CEO Steve Clifford said: “This year we’re hearing the same message from all our warehouse teams and agencies across the country, and that is – demand is huge, we need more food.
“I know of one agency in Melbourne which is reporting a 20 per cent increase in families needing food relief this winter, and that is not uncommon across the sector.”
Alternatively, you can donate directly from the SecondBite site!
Author: Scarlett Keddie


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To support the Indian government’s Digital India initiative, the State Bank of India (SBI) introduced a new card called NAV-eCash on the Indian Navy’s aircraft carrier, INS Vikramaditya. The launch took place on October 1, 2021, at Karwar.
1. Digital Payment Advancement:
- The NAV-eCash card is a significant step toward digital payments.
- It utilizes dual chip card technology, allowing payments both offline and online. This means it works even without real-time internet connectivity.
2. Joint Unveiling:
- The card was jointly unveiled by Vice Admiral R Hari Kumar, FOCINC WNC (Flag Officer Commanding-in-Chief Western Naval Command), and Shri CS Setty, Managing Director (Retail and Digital Banking) of SBI.
3. Unique Features:
- In online mode, NAV-eCash functions like a regular debit or prepaid card, offering all standard features.
- It serves as an innovative solution for cashless transactions, particularly in areas lacking consistent internet access, such as warships at sea, offshore oil platforms, and remote regions.
4. Collaborative Effort:
- The concept for NAV-eCash was developed by a team of officers from INS Vikramaditya and brought to fruition by SBI, India’s largest public sector bank.
- The card is tailored to replace cash transactions with digital payments, ensuring convenience and security in various challenging environments.
5. Digital Transactions Anywhere:
- NAV-eCash is specifically designed for use in locations where real-time internet connections are limited, allowing digital transactions to take place seamlessly.
- This innovation aligns with the nation’s broader goal of promoting digital financial solutions and enhancing accessibility across diverse settings.


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When it comes to Augmented Reality Apple has uncharacteristically shown interest at public forums, with its Tim Cook talking about the tech in several interviews. All this lead everyone to believe that Apple’s plans of AR and perhaps VR (Virtual Reality) are more than just incorporating the feature on iPhones through iOS 11’s ARKit.
Now CNET is reporting that the company is working on a VR headset that will offer both AR and VR experience to its users. The said device is codenamed T288 internally and packs a 16K display, with 8K in each eye. This is quite ambitious as currently the VR headsets that are available in the market only sport 4K per eye. Perhaps what’s even more interesting is the claim that the device will work on its own, and will not require Mac or iPhone to power it.
The Apple VR headset is said to feature cameras to detect surroundings and possibly to show AR content. The device connects to a dedicated box with high speed wireless tech called 60GHz WiGig. The box features a 5-nanometer Apple Processor.


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Friday, October 14, 2011
Android Ready To Be PC Free
I'm going to make this call. I think in 2012, we will see a lot more companies come out with docks that would allow their Androids to work as sort of workstations, albeit portable workstations like netbooks. I know netbooks are small but maybe mini-netbooks.
Atrix is a prime example of where things could be headed. And I wager that Google could be priming Android for just such a duty. Don't think so?
Think about it. Steve Jobs declared we are in the post-PC era. Whether Microsoft agrees or not (not that there is much they can do about it in the short-term - no Windows 8 and all, no word if Mango is selling well), mobile is now where the computing action is. It's where its been more competitive than the PC market has been for more than a decade.
And while Android tablets have not claimed the market from the iPad, Android makers, specifically Google-Motorola, should concentrate on where they are the strongest. Smartphones, dozens if not hundreds of models, fuel the 1 million or so activations a day.
So, like the Atrix, why not add a simple docking station that allows Android users to do more? It really depends on how Atrix 2 is going to perform. The docking station cannot be too expensive. And it has to feel like it was made as an afterthough. Let's face it, the first Lapdock just feels cheap.
However, from what I'm seeing with the second generation Lapdocks from Motorola - Atrix and Bionic, they look very well designed.
So, expect more of this to come to the Android market. And expect this to really hurt the PC market hard in the next few years.
At first glance, you might think that the title of this article is a clickbait considering that China is the second biggest economy in the w...
Okay...this tip is kind of specific for certain mobile warriors. Specifically, Mac and Linux users. Tomorrow only, Codeweaver will allow ...
Deglobalization And Emergence of Regional Blocks May Increase Cryto Adoption (Especially Those Who Are Anti-West)Source: CNBC . Russian aggression and invasion of Ukraine has brought a realignment of global affairs and changed the normal flows of politi...
The 529 Plan is one of the better idea for those who can afford it. It is a education savings account that allows parents and students to s...


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Last week Amazon announced that they would be hosting the mobile esports tournament, called the Champions of Fire Invitational, here in our city of Las Vegas. Well besides us attending the event to cover it, we are also hosting the live stream of the event right here as well.
The Champions of Fire Invitational is a one-day blitz mobile gaming tournament that will feature famous personalities in the video game and gameplay streaming world such as Boxbox, Professor Broman, Northernlion, lolRenaynay, Brian Kibler and more. The format will be a head-to-head single-elimination tournament, with each competitor competing across five of the biggest casual mobile games: Disney Crossy Road, Pac-Man 256, Bloons TD Battles, 8 Ball Pool and the all new Fruit Ninja Tournament Edition. The prize pool? A cool $100,000, with the top spot netting themselves $30,000.
The event begins at 2pm PST and runs until 9pm PST, and the entire thing will be streamed on Amazon Appstore’s Twitch channel, which is also embedded below for you to watch. If you can watch the entire 7-hour event, you’ll be able to catch all of the big highlights from today’s tournament on the CBS Sports Network on December 12th, 2016 starting at 7pm PST. If you see a couple of us running around on stream with our DroidGamers shirts on, you’ll know who it is.


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8 August 2022
The Royal Australasian College of Physicians (RACP) have welcomed the push for the Federal Government to ban junk food advertising aimed at children by Independent MP Dr Sophie Scamps.
The RACP have been recently advocating for this through the Kids COVID Catch Up campaign which is calling for mandatory regulations to restrict the marketing of unhealthy diets to children and young people.
RACP President and Paediatrician Dr Jacqueline Small says, “The widespread advertising of unhealthy foods and drinks is strongly linked to high child obesity rates.
“In 2017 to 2018, almost one quarter or Australian children aged 5–17 years were overweight or obese. This is a concerning statistic.
“The Federal Government must recognise this and take immediate action to establish formal standards to protect children and young people from unhealthy food marketing.
“The Bill being drafted by Dr Scamps is an important first step to encouraging healthier lifestyle choices from an early age.”
According to a report by the Obesity Policy Coalition, Australian children aged 13-17 years are exposed to almost 100 online promotions of unhealthy food every week.
“Early exposure to junk food marketing influences their preferences, food purchases, and eating habits.
“Pairing this with the pandemic, which has amplified the impacts of obesity, has made it more difficult to promote healthy diet and exercise, which are important measures to prevent obesity.
“COVID-19’s disruptions to their everyday routines have led to not only changes in their eating behaviours, but also their screen behaviours, physical activity, and sleep.
“Ensuring that appropriate regulations are in place is part of creating a healthy environment for children and young people to promote healthy eating and physical activity to set young people up for a long and healthy life. This will help young people to thrive as we emerge from the pandemic.”
Learn more about Kids COVID Catch Up here: https://kidscatchup.org.au/


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How to avoid a taxi scam - youtube, Don't get scammed by this chatty taxi driver! conor's taxi driver, a self-proclaimed malandro, distracts him with the sights of rio and tries to convince. Taxi cab cash switch-up | scam city - youtube, Host conor woodman exposes a taxi driver handing out counterfeit change to customers. | for more scam city, visit http://science.discovery.com/tv-shows. Sigh, another vegas taxi scam to look out for || vegaschatter, Paying a premium to skip a line isn’t a new concept, especially in vegas. fifteen dollars will let you cut the line at the always busy bacchanal buffet..
Avoiding the bangkok taxi scam | travel and escape, Watch full online episodes of scam city here! new episodes on t+e every sunday night at 10pm et/pt! many cities seem to have double standards when it comes to locals. Public transport and money in budapest – taxi scam, After a gruelling 10-hour+ journey from krakow, we finally arrived at budapest keleti-pu train station. budapest taxi scam. according to many online sources, it is. Pearson limo, taxi drivers in credit fraud: cops | toronto, Limo drivers and cabbies operating out of pearson international airport have allegedly been ripping off visitors to the gta with a credit card fraud scheme..
Minibus taxi scam is bust - sowetan live, Police have raided a building in downtown johannesburg and made a shocking discovery fraudulent documents that taxi operators believe are the source of taxi. Police swoop on alleged taxi credit card fraud syndicate, A fraud racket with the potential to steal the credit card details of hundreds of sydney taxi users has been dismantled following police raids.. Taxi driver charged in $28,000 toll fraud - nytimes.com, A version of this article appears in print on april 18, 2014, on page a19 of the new york edition with the headline: taxi driver charged in $28,000 toll fraud..


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Carlyle Said to Make 80% Return on Beats With Apple DealDavid Carey and Sabrina Willmer
Carlyle Group LP will earn a return of about 80 percent from its $514 million investment in Beats Electronics LLC with the headphone maker’s sale to Apple Inc., a person with knowledge of the matter said.
Carlyle, the world’s second-largest manager of alternative assets such as private equity and property, paid $501 million in October for a 31 percent stake in Beats, according to a quarterly report to clients, a copy of which was obtained by Bloomberg News. The Washington-based firm also invested $13 million for a 5 percent interest in Beats Music, the company’s nascent subscription music-streaming service, the report shows.
Apple, in what would be its biggest-ever acquisition, agreed yesterday to pay $2.6 billion up front for Beats and Beats Music and an additional $400 million that will vest over time. Beats’ major backers also include hip-hop artist-producer Dr. Dre and veteran music industry executive Jimmy Iovine, who co-founded the Santa Monica, California-based company.
Carlyle, led by billionaires David Rubenstein, Bill Conway and Dan D’Aniello, will reap about an 80 percent annual gross internal rate of return in the sale, said the person, who asked not to be identified because the information isn’t public.
The deal is scheduled to close in the quarter ending in September. Christopher Ullman, a Carlyle spokesman, declined to comment on the transaction or on the firm’s return.
Known for its leveraged buyouts of fast-food chain Dunkin’ Brands Group Inc. and government contractor Booz Allen Hamilton Inc., Carlyle oversaw $198.9 billion in assets across 120 funds and 133 fund of funds at the end of March, according to a regulatory filing.


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Report estimates 22,000 App jobs in Indonesia
JAKARTA—The Progressive Policy Institute (PPI) today released a new policy report at a public forum in Jakarta, which measures the growing contribution of digital innovation to the Indonesian economy, compares the environment for investment in Indonesia to other locations in Southeast Asia, and warns of potential policy pitfalls and regulations that might harm future digital growth and economic prosperity in the country.
The report, “Indonesia: Road to the App Economy,” is an effort to measure the thousands of app-related jobs created in Indonesia since the introduction of the smartphone in 2007. Based on a methodology PPI Chief Economic Strategist Dr. Michael Mandel has developed to estimate app job growth in the United States, Great Britain, Australia, and Vietnam, the study is the first to quantify the number of Indonesian jobs directly related to the building, maintenance, support and marketing of applications for smart-devices.
“Up to this point, Indonesia has not been focused on app development. Nevertheless, the country has a rapidly growing number of app developers—these are the people who design and create the apps distributed domestically and internationally,” said Dr. Mandel, author of the report. “Moreover, Indonesian companies that do app development also have to hire sales people, project managers, database programmers, and other types of workers. Finally, each app developer supports a certain number of local jobs.
“In this paper, we estimate that Indonesia has roughly 22,000 App Economy jobs across the entire country. In addition, we show that Indonesia comes in third in our App Economy ranking of major Southeast Asia countries, behind Vietnam and just behind Singapore.
“Why is this important? The implication is that production of mobile apps—both for the domestic and global economies—could become an increasing source of growth in coming years for Indonesia. The Indonesian government is facing an important economic policy decision. Countries are better off nurturing a strong position in mobile app development. The key to growth is to be a creator of mobile apps, not simply a user. That strategy creates a workforce with the right skills and training to prosper in the global economy going forward.”