Bloomberg Reliance Industries Ltd started testing its online shopping portal three days after Facebook Inc said it will invest $5.7 billion in digital assets controlled by billionaire Mukesh Ambani. JioMart, an e-commerce venture of Reliance Retail, went live in three neighbourhoods surrounding Mumbai, leveraging a deal that gives it access to WhatsApp’s 400 million users in India currently under lockdown. ...

Bloomberg Indonesia opted for less punishing social-distancing measures than its neighbours to stem the spread of the coronavirus. Now analysts are warning its economy will take much longer to recover than others in Southeast Asia. With the pandemic’s peak expected in late May, President Joko Widodo is recalibrating his strategy of large-scale social distancing rules and calling for a ramp-up ...

Bloomberg Singapore home prices fell less than initially estimated in the first quarter, with an extended lockdown threatening to further push down values as the residential property comes to a standstill. Housing prices fell 1% in the three months ended on March 31, data from the Urban Redevelopment Authority showed. That compares to a preliminary estimate of a 1.2% decline. ...