BLOOMBERG GoTo Group reported a narrower adjusted loss for the fourth quarter, helped by extensive cost cuts at the Indonesian ride-hailing and e-commerce provider. The adjusted loss before interest, taxes, depreciation and amortisation (Ebitda) shrank to 3.1 trillion rupiah ($202 million) in the quarter through December from 6.5 trillion rupiah a year earlier, the Jakarta-based company said. Net revenue, which ...

HANOI / WAM Vietnam is attracting more Japanese investments to digital transformation and green growth, as recommended in the Vietnam-Japan Joint Initiative (VJI), the state news agency VNA reported. Phase VIII of the initiative, launched in 2003, concluded in March 2023, under which 497 out of the 597 items were completed. To promote its role, the Vietnamese Ministry of Planning ...

BLOOMBERG Sea Ltd has made the changes it needs to deliver profits over the long haul, billionaire founder Forrest Li said in a memo to staff, assuring workers who had survived months of steep job cuts that the worst is over. The Asian internet giant’s first-ever quarterly net profit marks a turning point for the company, the chief executive officer ...