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Indonesia’s GoTo posts 1st quarterly net profit as fintech business surges

Technology Superapp also attributes turnaround to “premium” segment and AI strategy Indonesian superapp GoTo, which includes ride hailing service Gojek and online marketplace Tokopedia, reported its first-ever quarterly net profit on April 28. (Photo courtesy of GoTo) JAKARTA — Indonesian superapp company GoTo on Tuesday announced its first quarterly net profit ever, driven by rapid expansion of […]

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China vows ‘forceful’ steps to bolster economy as Iran war dims outlook

Economy Politburo urges proactive fiscal support, energy security as oil refiners cut output China has pledged more “forceful” measures to strengthen energy security and shore up business confidence amid mounting economic headwinds. © Reuters TOKYO/SHANGHAI — China’s top leadership on Tuesday pledged to take more “forceful” measures to strengthen energy security and shore up business […]