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How TikTok Saved Its E-Commerce Business in Indonesia

When the government effectively forced TikTok to shut down its Shop feature, the company quickly struck an unusual deal with a local company to bring it back. Agata Pinastika Kenastuti’s children’s ...

REUTERS 2021-04-20T07:34:06+00:00

Indonesia's central bank keeps interest rates steady

Indonesia's central bank kept its main policy rate at a record low on Tuesday as policymakers balanced the need to support the coronavirus-hit economy with concerns that further monetary easing could weigh on an already falling currency.

REUTERS 2025-06-13T03:58:46+00:00

Singapore Airlines' Scoot to take over Jetstar routes

Flag carrier Singapore Airlines' budget arm, Scoot, will take over some of the routes run by Qantas Airways' Jetstar Asia, which announced this week that it would close, a Singapore Airlines spokesperson said on Friday.

REUTERS 2026-01-05T17:11:19+00:00

Record copper price signals accelerating race for supplies

Copper prices soared to records above $13,000 a metric ton on Monday, driven by fears of shortages and expectations turmoil in Venezuela could accelerate the broader race to secure critical minerals.

REUTERS 2022-02-25T08:01:20+00:00

Thai baht, Indian rupee lead Asian FX higher, stocks rebound

Emerging market currencies and stocks in Asia perked up on Friday, tracking a broad global recovery after Russia's invasion of the Ukraine sent global asset prices tumbling a day earlier, although sentiment was still cautious.

REUTERS 2021-04-25T17:25:11+00:00

Sunken missing Indonesian submarine found broken into pieces

A missing Indonesian submarine has been found, broken into at least three parts, at the bottom of the Bali Sea, army and navy officials said on Sunday, as the president sent condolences to relatives of the 53 crew.

REUTERS 2021-03-17T14:44:40+00:00

China's iQIYI to develop regional stars for Southeast Asia push

Chinese online video platform iQIYI (IQ.O) plans to launch a talent agency in Southeast Asia to cultivate its own entertainers as it pushes to become Asia's dominant streaming platform, a senior executive told Reuters.

REUTERS 2022-01-18T07:07:28+00:00

Asia stocks turn lower as U.S. yields rise; focus on Fed

Most emerging Asian stock markets turned lower on Tuesday as investors prepared for possible faster U.S interest rate hikes after Treasury yields hit pre-pandemic highs, while currencies also lost their shine as the dollar gained.

REUTERS 2020-11-13T14:46:38+00:00

High food prices hurting India's poor, pain to persist

India's retail inflation may stay elevated for at least three more months after hitting a six-year high in October, as excess rain has damaged standing crops and seedlings, while edible oils that the country imports have become expensive.