BOSTON, June 10, 2025 /PRNewswire/ -- Global demand for defense and aerospace capabilities is rising and outpacing supply—fueled by geopolitical uncertainty, rising military budgets, and demand for air travel. At the same time, programs continue to struggle to meet schedule and cost commitments. New analysis from Bain & Company reveals a different approach to aerospace and defense program performance could dramatically reduce cost overruns and delivery times, driving upside to companies' bottom lines and delivering much needed capability to the user.Countries around the world are increasing their defense budgets. In the US, defense contractors' foreign military sales surpassed $115 billion in 2024, more than triple the level of 2021. At the same time, major US defense program cost overruns have surged to almost $46 billion while delivery timelines have grown from eight years to 11 years.With a new executive order now requiring the US Department of Defense to scrutinize major programs that are 15% or more behind schedule or over budget, defense contractors must now act quickly to improve their efficiency and doing so would reap material benefits."We are not talking about traditional performance improvement efforts that tend to optimize existing inefficient processes and rarely remove unnecessary work - those usually produce single-digit, short-lived gains," said Erich Fischer, a partner from Bain & Company's Aerospace & Defense sector. "The biggest constraints to improving performance lie within the seams between functions, suppliers, and programs

👩‍🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.🧔‍♂️ A friendly human may check it before it goes live. More news hereOn June 10, 2025, TikTok Shop, operating under TikTok Nusantara (SG) Pte. Ltd., responded to allegations of monopolistic practices from Indonesia’s Commission for the Supervision of Business Competition (KPPU).These claims arose following TikTok’s acquisition of a majority stake in Tokopedia.During a KPPU hearing in Jakarta, TikTok emphasized its commitment to user choice in payment and logistics services, as well as fair business practices on its platform.Farid Fauzi Nasution, TikTok’s legal representative, said that the company complies with all conditional approvals proposed by KPPU.These include prohibitions against tying and bundling practices, market power abuse, and limitations on cross-platform promotions.To clarify the tying and bundling prohibition, TikTok proposed adding the phrase “that forces buyers to use such payment or logistics methods.”🔗 Source: Katadata🧠 Food for thought1️⃣ Indonesia follows global trend of intensified tech merger scrutinyTikTok’s willingness to accept KPPU’s conditional approval aligns with a broader global pattern where tech companies face heightened regulatory oversight.Between 2020 and 2023, over 75% of Big Tech M&A deals valued above $1 billion faced antitrust reviews in major markets, demonstrating how common such scrutiny has become 1.The duration of antitrust investigations has lengthened significantly, from 6 months in 2015 to 14 months in 2023, creating incentives for tech companies to cooperate with regulators rather than engage in prolonged battles 1.In 2022 alone, the US Federal Trade Commission challenged 67% of proposed Big Tech M&A deals exceeding $500 million, illustrating why TikTok might prefer conditional approval over risking a blocked transaction 1.KPPU’s focus on preventing tying and bundling practices in the TikTok-Tokopedia case reflects global regulatory concerns about digital platform power, showing Indonesia’s alignment with international regulatory approaches.2️⃣ E-commerce platforms increasingly adapt to regulatory frameworksThe TikTok-Tokopedia case demonstrates how e-commerce companies must navigate complex regulatory environments while pursuing growth strategies.In 2022 and 2023 alone, at least $361 billion in announced deals globally faced regulatory challenges, highlighting the financial stakes involved in securing regulatory approval 2.Companies are increasingly structuring deals with regulatory concerns in mind from the outset, which explains TikTok’s proactive acceptance of KPPU’s conditions rather than contesting them 2.This adaptation extends beyond mergers to ongoing compliance, as seen in other markets where e-commerce platforms must adjust their business practices to satisfy regulatory requirements 3.TikTok’s request to modify reporting requirements from quarterly to semi-annual reflects a practical business approach to compliance, acknowledging seasonal sales patterns while still maintaining regulatory oversight.3️⃣ Indonesian regulatory approach reflects mature competition policyIndonesia has demonstrated a consistent approach to enforcing antitrust laws against large companies, as evidenced by historical cases like the $2 million fine imposed on Temasek Holdings for anti-competitive practices in the telecommunications sector 4.The conditional approval process being applied to TikTok shows Indonesia’s regulatory approach that seeks to prevent monopolistic behavior while still allowing business innovation and growth.The specific conditions prohibiting tying and bundling practices address concrete competition concerns while permitting the transaction to proceed, reflecting a balanced regulatory philosophy.This regulatory approach is particularly important in Indonesia’s fast-growing e-commerce sector, which has seen significant success with promotional events like Shopee’s 11.11 sale that generated over 11 million transactions in a single day 5.The KPPU’s approach aligns with global practices that focus on preventing harm to competition rather than blocking mergers outright, helping to maintain a dynamic digital economy

👩‍🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.🧔‍♂️ A friendly human may check it before it goes live. More news hereUber Technologies is exploring the use of stablecoins to streamline global money transfers, according to CEO Dara Khosrowshahi.He shared the news during the Bloomberg Tech conference in San Francisco on June 5, describing the initiative as being in the “study phase.”Stablecoins are digital currencies typically linked to traditional assets, such as the US dollar.Khosrowshahi said they could help reduce costs tied to international transactions for global companies.Meanwhile, US lawmakers are currently discussing regulatory frameworks for stablecoins. These currencies are designed to be backed by reserves to maintain their value.🔗 Source: Bloomberg🧠 Food for thought1️⃣ Corporate adoption of stablecoins for cross-border payments is gaining momentumUber’s exploration of stablecoins reflects a broader corporate trend that has been building throughout 2025, with multiple major financial players making similar moves.The inefficiencies of traditional cross-border transfers, which can take days and incur fees of up to 7%, create a compelling business case for stablecoin adoption in global companies 1.Transaction volumes for stablecoins have already reached an impressive $27.6 trillion annually, surpassing volumes on traditional payment networks and demonstrating real-world utility beyond speculation 2.Stripe recently acquired stablecoin infrastructure platform Bridge and launched Stablecoin Financial Accounts that operate in 101 countries, showing how payment giants are making substantial investments in this technology 3.Mastercard and PayPal are simultaneously exploring stablecoin integration for B2B payments, with PayPal having already developed its own stablecoin called PYUSD for testing in real-world business scenarios 4.This convergence of major corporate interest suggests that stablecoins are transitioning from niche crypto products to mainstream financial tools for practical business operations, particularly for companies with global footprints like Uber.2️⃣ Regulatory momentum is creating a more favorable environment for adoptionThe timing of Uber’s stablecoin exploration coincides with significant progress in regulatory frameworks that provide the legal clarity businesses need before adopting new financial technologies.The proposed GENIUS Act and STABLE Act in Congress represent bipartisan efforts to establish clear rules for stablecoin issuers, addressing previous regulatory uncertainty that had limited corporate adoption 5.These legislative initiatives specifically target payment stablecoins and establish standards for reserve practices, supervision, and compliance with anti-money laundering laws—all critical concerns for public companies considering these technologies 5.The stablecoin market has grown from $20 billion in 2020 to $246 billion by May 2025, with this dramatic expansion occurring alongside increasing regulatory attention, suggesting that oversight is not hindering but potentially enabling growth 6.Major financial institutions are responding to this regulatory progress, with banks like Standard Chartered exploring stablecoin options and stablecoin issuers becoming significant holders of US Treasury securities 7.For Uber and other multinational corporations, the emerging regulatory clarity reduces legal and compliance risks that previously made stablecoin adoption challenging, potentially accelerating implementation timelines.Recent Uber developments