GOPLAY, the video streaming service under Indonesia’s Gojek, has clinched an undisclosed investment led by Singapore’s Golden Gate Ventures and Chinese investment firm ZWC Partners, marking the startup’s first capital raise independent of its ride-hailing parent. GoPlay announced the funding round in a press release on Monday morning, but declined to disclose the sum raised. […]
Read MoreThe government claims it has ensured there will be a sufficient supply of food to avoid a potential food crisis following the COVID-19 outbreak. The Food and Agriculture Organization (FAO) warned in March of the impacts of the pandemic on the world’s food supplies, with the shipping industry experiencing a slowdown in activity due to […]
Read MoreState-owned electricity company PLN will relax bill payments this month for household customers whose bills spiked because of the company’s flawed new bill-calculation method. PLN, in a statement on Thursday, said it would only charge 40 percent of affected customers’ June bills. The remaining 60 percent would be divided and charged equally over the following […]
Read MoreSeven more companies have signed deals with gas producers to receive gas at subsidized prices following similar agreements with 11 companies in May, as the government seeks to boost Indonesia’s manufacturing sector amid the COVID-19 pandemic. The companies, consisting of a fertilizer maker and six gas distributors, signed letters of agreement (LoA) on Wednesday to secure 231.2 […]
Read MoreThe number of retail investors is rising as a result of growing awareness about the importance of investing, despite the market consensus that volatility will continue amid the COVID-19 pandemic. Mandiri Sekuritas, the country’s most active brokerage house by transaction value, booked 11,000 new customers in the retail segment during the first four months of […]
Read MoreThe government unveiled on Wednesday a bigger stimulus package worth Rp 677.2 trillion (US$47.6 billion) to anchor the virus-battered economy, the growth of which is expected to fall to a level similar to that of the 1998 Asian financial crisis. The latest budget, which is higher than the Rp 641.17 trillion initially allocated, aims to […]
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Thailand
