The financial technology start-up plans to use the seed money to enter the B2B segment after posting steep growth in the first year since it was formed and in spite of the global pandemic.

The comments sent the unit diving more than 10 percent and dealt it another blow soon after being battered by comments from tycoon Elon Musk and his Tesla car company.

E-commerce platform Shopee has restricted 13 product categories, mostly Muslim fashion products, to shield local sellers from foreign competitors, potentially unlocking a nearly Rp 300 trillion market for such sellers.

Now, with the economic situation is gradually improving, we need to think of ways and policies to absorb back the laid-off workers back to employment. One of the keys to do this is by reviving the growth of investment.

"As a consequence of the sustained increase of the price of beef on the domestic market, the government decided to implement a set of measures aimed at regulating the sector, restricting speculative practices and avoiding tax evasion in foreign trade. During the implementation of these measures, beef exports are limited for 30 days," a statement from the presidency said. 

The two companies have been facing tight competition from Shopee and Grab but the recent merger, alongside reported plans of an IPO, is expected to boost GoTo's presence in the Southeast Asian digital economy.

When the deal is finalized, AT&T will receive $43 billion and AT&T's shareholders will take stock representing 71 percent of the new company, with Discovery shareholders owning 29 percent. 

The long-awaited merger of Gojek and Tokopedia has been finalized with the establishment of GoTo Group, announced on Monday. The new entity is Indonesia’s highest-valued start-up at an estimated US$18 billion.

The kingdom last year suffered its worst full-year performance since the Asian financial crisis of 1997 with a 6.1 percent contraction.

Industrial production grew 9.8 percent in April from a year ago, slower than the 14.1 percent surge in March, National Bureau of Statistics data showed on Monday, but matching a consensus forecast by analysts from a Reuters poll.

A failure of the "flap synchro wire" missed by the autothrottle computer -- which manages the plane's thrust -- "could result in loss of control of the airplane," according to a document issued by the US regulator.

Economists are expecting a weaker economic recovery this year if the government cannot contain the spread of new COVID-19 variants.

Bitcoin fell more than 10 percent after Musk tweeted his decision to suspend its use, less than two months after Tesla began accepting the world's biggest digital currency for payment. Other cryptocurrencies, including ethereum, also fell before regaining some ground in Asia trade.

With more electrical models set to hit showrooms, the focus will shift to consumers' willingness to pivot to electric cars at a time when conventional gas stations remain familiar and ubiquitous.

Lithium is a key ingredient in the production of lithium-ion EV batteries that Indonesia plans to mass-produce in capturing a growing global EV market.

Economists polled by Reuters had expected monthly growth of 1.3 percent.

SoftBank Group broke the previous record of 2.49 trillion yen in net profit logged by Toyota Motor in fiscal 2017, according to data provided by Nomura Securities.

While it remained unclear the degree to which supplies would be affected, drivers lined up to fill their tanks at gas stations in the southeast, with some carrying extra containers amid fears of fuel scarcity. 

The 225-issue Nikkei Stock Average ended down 909.75 points, or 3.08 percent, from Monday at 28,608.59. The index closed at the lowest since April 21 with the largest point drop since Feb. 26. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 46.35 points, or 2.37 percent, lower at 1,905.92.

ShopeePay has captured the majority of Indonesia’s digital wallet market share by going on the price offensive. 

All eyes are on the release this week of crucial data on US retail sales and consumer prices, with expectations for a sharp rise as the world's top economy reopens and vaccines allow people to return to a sense of normality.

The decision makes Total the second oil and gas company to exit Indonesia’s fuel retail market after Malaysia’s Petronas in August 2012.

Of the total funds, 7 percent will be used for working capital while the remaining 93 percent will go toward several mining downstreaming projects.

Gross domestic product fell 4.2 percent in the March quarter from a year earlier, the statistics agency said on Tuesday, marking the fifth straight quarter of declines amid pandemic-induced lockdowns.

The Indonesian Micro, Small and Medium Enterprise Association (Akumindo) is expecting employment to start recovering later this year, while the Indonesian Employer Association (Apindo) says the recovery may take place in the second quarter of next year.

Investors have for months been fretting the surge in activity expected in the second half of the year as economies reopen will send prices rocketing, forcing central banks -- particularly the Federal Reserve -- to wind back their ultra-loose monetary policies.

The multilateral development bank, which focuses on eradicating poverty in Asia, provided no timeline for its commitment. It also laid out conditions under which fossil fuel projects would continue to receive funding, such as where no other cost-effective technology was available.

A new platform that promises more sustainable and better ways to produce and distribute Indonesian spices was introduced by Netherlands-based global foundation IDH-Sustainable Trade Initiative.

The heads of the EU institutions agreed an action plan with stakeholders from labour and civil society, before heading to dinner with most of the 27 member state leaders ahead of Saturday's European summit. 

The weak hiring also pushed the unemployment rate up slightly to 6.1 percent, according to the Labor Department's monthly employment report released Friday.