Tag: Asia Economy

  • Indonesians are electing Jokowi’s successor

    Indonesians are electing Jokowi’s successor

    Presidential candidate and former Jakarta governor Anies Baswedan, vice presidential candidate Muhaimin Iskandar, presidential candidate and Indonesia’s Defence Minister Prabowo Subianto, vice presidential candidate Gibran Rakabuming Raka, presidential candidate and former Central Java governor Ganjar Pranowo and vice presidential candidate Mahfud MD (from left to right) react on the stage during the last presidential election…

  • Can Indonesia’s next president Prabowo deliver on his big promises?

    Can Indonesia’s next president Prabowo deliver on his big promises?

    Prabowo Subianto, Indonesia’s presidential candidate and defense minister, center, waves to supporters in Jakarta, Indonesia, on Wednesday, Feb. 14, 2024. Prabowo declared victory in Wednesday’s presidential vote, citing independent pollsters, putting him on course to lead Southeast Asia’s largest economy after two failed attempts.  Bloomberg | Bloomberg | Getty Images JAKARTA — Indonesia’s Defense Minister…

  • Prabowo leads in unofficial presidential vote count

    Prabowo leads in unofficial presidential vote count

    Indonesia’s presidential candidate Prabowo Subianto gestures after he cast his ballot to vote in the country’s presidential and legislative elections at a polling station in Bogor on February 14, 2024. Indonesians began voting for a new president on February 14 with Defence Minister Prabowo Subianto the frontrunner to lead Southeast Asia’s biggest economy despite concerns…

  • Economy, Gaza war and China ties dominate

    Economy, Gaza war and China ties dominate

    Presidential candidates Anies Baswedan, Prabowo Subianto, and Ganjar Pranowo, along with their vice presidential candidates, are posing for photos after the first presidential candidate debate at the General Election Commission (KPU) office in Jakarta, Indonesia, on December 12, 2023. Indonesia is preparing to hold general elections for president and vice president for the 2024-2029 period…

  • Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs

    Alibaba’s Lazada cuts staff across Southeast Asia in fresh round of layoffs

    Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images SINGAPORE — Alibaba-owned Lazada began its latest round of layoffs on Wednesday, a person with direct knowledge of the matter told CNBC, following a slew of media reports about cuts…

  • TikTok’s Southeast Asia ambitions to take major hit with Indonesia ban

    TikTok’s Southeast Asia ambitions to take major hit with Indonesia ban

    TOPSHOT – A staff of a small shoe manufacturer shows their new products to make an introductory video to be posted on social media in Bogor, West Java on September 27, 2023. Indonesia has banned goods transactions on social media platforms such as TikTok, Facebook or Instagram in a new regulation, its trade minister said…

  • TikTok to invest $1.5 billion in GoTo’s Indonesia e-commerce business

    TikTok to invest $1.5 billion in GoTo’s Indonesia e-commerce business

    TikTok’s logo is displayed on a mobile phone screen in Ankara, Turkiye on December 5, 2023. Didem Mente | Anadolu | Getty Images TikTok will take a controlling stake in an e-commerce unit of Indonesia’s biggest tech firm PT GoTo Gojek Tokopedia, a partnership that will see the short video app invest $1.5 billion over the long term, the two…

  • Alibaba’s Lazada woos sellers affected by Indonesia’s e-commerce ban

    Alibaba’s Lazada woos sellers affected by Indonesia’s e-commerce ban

    Lazada is the third-largest e-commerce player in Indonesia, after Sea Limited’s Shopee and Tokopedia, according to Momentum Works. Matt Hunt | Lightrocket | Getty Images Lazada, a Southeast Asian e-commerce marketplace owned by Alibaba, is courting sellers affected by Indonesia’s latest e-commerce regulation, its Indonesia CEO James Chang told employees in a town hall meeting…

  • Southeast Asia haze returns as peatland fires fan global warming fears

    Southeast Asia haze returns as peatland fires fan global warming fears

    In this photo taken on Oct. 10, 2023, a man looks at a forest fire as it approaches houses in Ogan Ilir, South Sumatra in Indonesia. Al Zulkifli | AFP | Getty Images With El Nino in full force, officials are bracing for the worst transboundary haze in southern Southeast Asia since before the pandemic…

  • India, Indonesia, China to see biggest jump in real salary in 2024

    India, Indonesia, China to see biggest jump in real salary in 2024

    This year, nine out of 12 places in Asia-Pacific received the highest real salary increases in the world, ECA International reported. TOSHIFUMI KITAMURA | AFP | Getty Images Workers in Asia-Pacific are predicted to receive the biggest real pay increase in 2024, according to ECA International.  The average real salary increase — which is nominal…