Latest news with #Bifrost
Korea Herald
10 hours ago
- Business
- Korea Herald
Telin Launch CLS Manado-Minahasa: Bold Step to Strengthen Eastern Indonesia Digital Ecosystem Toward a More Diverse and Opulence Connectivity
MANADO, Indonesia, July 22, 2025 /PRNewswire/ -- PT Telekomunikasi Indonesia International (Telin), a subsidiary of PT Telkom Indonesia (Persero) Tbk (Telkom), proudly announces the official launch of its new Cable Landing Station (CLS) in Kalasey, Minahasa. This milestone represents a major leap forward in Telin's mission to enhance Indonesia's international connectivity and digital infrastructure focusing on strengthening eastern regional zone. The inauguration ceremony was attended by Telkom Group's executive leadership, including CEO of CFU WIB Telkom Group - Honesti Basyir; President Commissioner of Telin - Muhammad Rofik; Telin Commissioner - Bambang A. Margono; Telin's Board of Directors; Budi Satria Dharma Purba, Kharisma, Abdul Rahman Ansyory, and Doni Andriansyah; Business Director of GSD - Amini Kusumawati; Acting CEO of Telkom Infrastruktur - Slamet Riyanto; Operation Director of Telkom Akses - Ambari; and EVP of Telkom Regional V - Amin Soebagyo. CLS Manado-Minahasa is a critical component of Bifrost Cable System, an international subsea cable project developed in partnership with Keppel and Meta. This cutting-edge system connects Southeast Asia directly to North America, bypassing traditional routes by traversing strategic maritime corridors such as the Java Sea and the Celebes Sea. This new path signi ficantly enhances Indonesia's position within the global digital traffic network. Since the Bifrost cable system kick off announcement in 2021, Telin has been achieving remarkable milestones — from selecting site location, holding the ground breaking ceremony in October 2024, successfully lands the cable in early 2025 and come to completing the overall CLS construction. Following the cable landing at Jakarta CLS last year, CLS Manado-Minahasa are now ready to be fully activated and integrated into Telkom's network. Today, the station stands ready to power Indonesia's digital future and support a growing number of international cable systems. Honesti Basyir, CEO CFU WIB Telkom Group, highlighted the strategic vision behind this development, stating, "The Manado-Minahasa Cable Landing Station marks a bold step in positioning Indonesia as a vital digital gateway for the Asia-Pacific. By connecting directly across the Pacific via Bifrost and preparing for future cables, we are building the foundation for a more connected, innovative, and prosperous digital future for our nation and region." Budi Satria Dharma Purba, CEO of Telin, further emphasized, "The Manado Cable Landing Station is more than just infrastructure; it is a gateway for Indonesia to lead in the digital era. Supporting Bifrost and future cables, we are enabling greater connectivity, innovation, and economic opportunity across the Asia- Pacific region." Designed with advanced, scalable infrastructure, the CLS Manado-Minahasa can accommodate multiple submarine cable systems. Equipped with Beach Man Hole (BMH) integration and robust front-haul connections, it serves as an ideal landing point for future subsea cables and digital platforms. The launch of the Manado-Minahasa Cable Landing Station represents far more than a physical connection —it is a beacon of Indonesia's digital transformation. By supporting Bifrost and other upcoming international cable projects, this strategic asset will enhance regional connectivity, foster economic growth, and bolster Indonesia's role as a vital hub in the global digital network. About Telin: Established in 2007, Telin provides premium international carrier voice, data services, and tailored business solutions for wholesale, enterprise, digital, and retail customers. Telin operates in multiple countries and cities, including Indonesia, Singapore, Hong Kong SAR, Australia, Malaysia, Taiwan region, the United States, Timor Leste, the United Arab Emirates, and Myanmar, with representatives in the United Kingdom, the Philippines, India, Vietnam and Canada. Telin's infrastructure spans 250,140 kilometers of cable system length, incorporating 27 Global Submarine Cable Systems, and operates 58 Points of Presence in 26 Countries, 10 global offices, 5 global countries Sales Representative, and over 19 Tier II to Tier IV Data Centers in key locations, including Singapore, Hong Kong SAR, Timor Leste, and Indonesia.
Engadget
02-06-2025
- Entertainment
- Engadget
People Can Fly cancels two games and lays off developers
People Can Fly, the developer of Outriders and Gears of War: Judgement , announced Monday that its ending development on two of its upcoming games due to issues with its publisher and an inability to secure funding to continue development. As part of this decision, People Can Fly will be forced "significantly regroup" and "scale down [its] teams," the studio's CEO Sebastian Wojciechowksi shared in a statement on LinkedIn. The statement doesn't elaborate on how many staff will be impacted by the cuts, but does call out Project Gemini and Project Bifrost as the two games being cancelled. People Can Fly made the decision to shut down Gemini because the game's publisher failed to provide a publishing agreement and didn't communicate "its willingness to continue or terminate the Gemini project." Without that publishing deal or the funds to continue working on Bifrost — a self-published VR game — the studio was forced to cancel it, too. This isn't the first time People Can Fly has shut down a project or made cuts to its teams. In December 2024, the studio announced that it was ending development on a game called Project Victoria and also reducing the number of people working on Bifrost. In that same announcement, People Can Fly also revealed that Square Enix was publishing Gemini. People Can Fly last worked with Square Enix to publish Outriders, somewhat of a minor cult hit now, but not a commercial success at launch. Even with the cuts and cancelled games, the studio still has multiple upcoming projects in the works, including Project Delta, which People Can Fly is creating for Sony and Gears of War: E-Day , which the studio is co-developing with Xbox studio The Coalition.
The Verge
02-06-2025
- Business
- The Verge
People Can Fly cancels two projects and will lay off workers
People Can Fly has announced it has cancelled two in-development projects and will undergo a round of layoffs. 'Today we made the very difficult decision to suspend the development of project Gemini and project Bifrost,' wrote People Can Fly CEO Sebastian Wojciechowski on the studio's LinkedIn page. 'As a result we have to significantly regroup as a studio and scale down our teams.' Little was known publicly about either project. The Warsaw-based studio known for Bulletstorm and Outriders has been having difficulties with some of its in-development projects for a while now. In December, a notice from the company stated it would suspend production on a project codenamed Victoria and reduce the team working on Bifrost. In today's announcement, Wojciechowski wrote that cancellations were due to an unspecified publisher's failure to present necessary publishing agreements, and a 'lack of communication' regarding whether or not the publisher wants to continue with development. The statement also attributed the cancellations to issues with the publisher's cash flow stating it, 'showed a lack of prospects for securing organizational resources and funds necessary to continue the production.' And the name of the publisher? It isn't exactly a mystery. In the developer's statement from December, People Can Fly named its collaborator on Project Gemini as Square Can Fly — which was acquired by Epic Games in 2012 before going independent again in 2015 — will continue development on Xbox's next Gears of War title, Gears of War: E-Day, as a partner studio working with The Coalition.
Straits Times
24-04-2025
- Business
- Straits Times
Keppel Q1 profit up over 25%; expects limited direct impact from US tariffs
Chief executive Loh Chin Hua said US tariffs will have a limited direct impact on Keppel, though a trade war could affect the group indirectly. PHOTO: KEPPEL Keppel Q1 profit up over 25%; expects limited direct impact from US tariffs SINGAPORE - Keppel reported on April 24 a strong performance in the first quarter of 2025, with net profit up more than 25 per cent year on year. The results exclude legacy offshore and marine assets such as shares of Seatrium and legacy rigs that the company divested in 2024. Including these assets, profit would more than double due to reduced losses from the legacy portfolio, Keppel said. Looking ahead at the impact from US tariffs, Keppel was cautiously optimistic. Its chief executive Loh Chin Hua said: 'The direct impact of the US tariffs on Keppel is expected to be limited, as Keppel is not engaged in the manufacturing or export sectors.' 'However, a trade war would be highly detrimental to the international economy, and could affect us indirectly through higher supply chain costs, reduced market confidence, exchange rate risks and the pace of asset monetisation,' he cautioned. Still, the company's stronger recurring income would enhance its ability to navigate volatility, Mr Loh said. He also noted that the company is involved in meeting demand for alternative real assets that are supported by macrotrends, including energy transition, digitalisation and artificial intelligence. For the first quarter, recurring income accounted for over 80 per cent of net profit. It was driven by stable results in the infrastructure segment, improved contributions from real estate and stronger asset management returns, the company said. Keppel also reported asset monetisations of $347 million to date in 2025, mostly from divestments of real estate assets in China and Vietnam. The company said it is also in advanced negotiations for an additional $550 million in divestments to be finalised in upcoming months. Asset management fees increased by 9 per cent year-on-year to $96 million, the company reported, rising from $88 million in Q1 of 2024. It raised $1.6 billion in equity during the quarter – 3.5 times higher than the same period last year – and secured $2 billion in capital commitments for new private funds, representing about $4.9 billion in projected funds under management. In its infrastructure segment, the company reported steady earnings, including growth in long-term contract revenue by 31 per cent year-on-year, reaching $6.3 billion. It also reported commissioning readiness in its Sakra Cogen Plant and that it had seeded a 36 per cent stake of its Merlimau Cogen Plant to Keppel Core Infrastructure Fund. In its connectivity business segment, Keppel reported progress on the Bifrost subsea cable, reaching 92 per cent completion as of March. The cable system is expected to be operational in H2 2025. The company also expects the joint investment in subsea cable solutions provider Global Marine Group by Keppel Infrastructure Trust to enhance its connectivity business. Keppel shares surged 3.6 per cent, or 23 cents, to $6.63 as at 10.51am on April 24, after its business update. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
24-04-2025
- Business
- Business Times
Keppel reports stronger net profits in Q1; expects limited direct tariff impact
[SINGAPORE] Keppel reported on Thursday (Apr 24) a strong Q1 performance for 2025, with net profit rising more than 25 per cent year-on-year. These profits, compared to Q1 in 2024, exclude legacy offshore and marine assets such as shares of Seatrium and legacy rigs that the company divested in 2024. Including these assets, profit would more than double due to reduced losses from the legacy portfolio. Recurring income accounted for over 80 per cent of net profit in the quarter. It was driven by stable results in the infrastructure segment, improved contributions from real estate and stronger asset management returns, the company said. Keppel also reported asset monetisations of S$347 million to date in 2025, mostly from divestments of real estate assets in China and Vietnam. The company said it is also in advanced negotiations for an additional S$550 million in divestments to be finalised in upcoming months. Asset management fees increased by 9 per cent year-on-year to S$96 million, the company reported, rising from S$88 million in Q1 of 2024. It raised S$1.6 billion in equity during the quarter – 3.5 times higher than the same period last year – and secured S$2 billion in capital commitments for new private funds, representing about S$4.9 billion in projected funds under management. In its infrastructure segment, the company reported steady earnings, including growth in long-term contract revenue by 31 per cent year-on-year, reaching S$6.3 billion. It also reported commissioning readiness in its Sakra Cogen Plant and that it had seeded a 36 per cent stake of its Merlimau Cogen Plant to Keppel Core Infrastructure Fund. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up In its connectivity business segment, Keppel reported progress on the Bifrost subsea cable, reaching 92 per cent completion as of March. The cable system is expected to be operational in H2 2025. The company also expects the joint investment in subsea cable solutions provider Global Marine Group by Keppel Infrastructure Trust to enhance its connectivity business. Facing tariff volatility, the company remained cautiously optimistic. Loh Chin Hua, Keppel's chief executive said: 'The direct impact of the US tariffs on Keppel is expected to be limited, as Keppel is not engaged in the manufacturing or export sectors.' 'However, a trade war would be highly detrimental to the international economy, and could affect us indirectly through higher supply chain costs, reduced market confidence, exchange rate risks and the pace of asset monetisation,' he cautioned. Still, the company's stronger recurring income would enhance its ability to navigate volatility, Loh said. He also noted that the company is involved in meeting demand for alternative real assets that are supported by macrotrends, including energy transition, digitalisation and artificial intelligence. Shares of Keppel were trading S$0.14 higher or 2.2 per cent to S$6.54 on Thursday at 10 am.
