Bloomberg The coronavirus outbreak is set to wipe out more than $10 billion from Indonesia’s tourism revenue this year as leisure travel comes to a near complete halt, the government said. The country is preparing stimulus packages for the industry and a safety net for workers to blunt the impact, President Joko Widodo said at a cabinet meeting. He predicted ...

Bloomberg Australia’s Airwallex Cayman Ltd raised $160 million from new investors including Australia & New Zealand Banking Group Ltd and the venture-capital arm of Salesforce.com to accelerate its expansion in global payments. The fresh round from ANZ’s venture unit and Salesforce Ventures gives Airwallex a valuation of $1.8 billion, co-founder Lucy Liu said. Other participants included existing backers DST Global, ...

Bloomberg Just one kilogram of freshly caught squid a day was almost enough to live on for Thai fishermen like Wisut Boonnak. Now the catch has halved in price and he’s spending more time on village duties. “It’s the biggest price drop that I can remember,” said Wisut, who’s been fishing for the past 40 years off the southern Thai ...