Bloomberg Thailand’s cherished Buddhist tradition of giving alms to monks is becoming yet another casualty of the coronavirus pandemic, leaving many of them without enough food. Traditionally, Thais bring food to monks in exchange for blessings when the orange-robed clergy undertake early-morning rounds, but there are far fewer people on the streets because of a partial national lockdown. The nation’s ...

Bloomberg Indonesia’s ride-hailing and food-delivery giant Gojek has acquired a mobile point-of-sale startup called Moka for about $130 million, according to people familiar with the deal. The transaction, which has been under negotiations since last year, was completed about a month ago, said the people, who asked not to be named because the information is private. It hasn’t been announced ...

Bloomberg Credit Suisse Group AG was stung by the collapse of Luckin Coffee Inc in China following an accounting scandal, which led to a five-fold increase in Asian loan-loss provisions. The Swiss bank set aside 97 million Swiss francs ($100 million) for soured loans, primarily related to three cases, the largest of which was Luckin Coffee, according to a person ...