Jakarta. Shares of tech conglomerate GoTo Gojek Tokopedia fell sharply on Monday after President Prabowo Subianto called for a new policy capping ride-hailing commissions, raising concerns over the company’s core on-demand services business. The stock dropped 5.56% to Rp51 in morning trade, as selling pressure intensified following the government’s plan to limit platform commissions for ride-hailing drivers to a maximum of 8%, down from around 20%. The policy was announced in a new presidential regulation announced by President Prabowo Subianto during May Day celebrations. Analysts warned the move could significantly erode margins in GoTo’s on-demand services (ODS) segment, which has been a…
Author: Isla
Bangkok heat index reaches extreme danger level The BMA Environment Department issued its daily forecast for Bangkok’s maximum heat index, warning that the reading had exceeded 52°C and fallen into the “extreme danger” category. Authorities urged both the general public and vulnerable groups to avoid outdoor activities altogether. Anyone experiencing unusual symptoms should seek medical attention immediately. The “dark red” heat warning does not apply only to outdoor workers. The BMA also urged extra caution among vulnerable groups, including young children aged 0-5, older people aged 60 and above, pregnant women, people with underlying health conditions, people with obesity, those…
Delayed Hong Kong S.E. 12:05:00 2026-05-04 am EDT 5-day change 1st Jan Change 26,216.39 PTS +1.71% +1.12% +2.29% Published on 05/04/2026 at 12:54 am EDT Reuters This article is reserved for members Unlock the article: REGISTER NOW! © Reuters – 2026 DurationAuto.2 months3 months6 months9 months1 year2 years5 years10 yearsMax.PeriodDayWeek Indices Europe America AsiaOUR EXPERTS ARE HERE FOR YOUMonday – Friday 9am-12pm / 2pm-6pm GMT + 1 Legal information | Cookie settings | MarketScreener Blog | About us | Copyright © 2026 Surperformance SAS. All rights reserved. Stock quotes are provided by Factset, Morningstar and S&P Capital IQ Select…
Strengthen local manufacturing Five-year $150bn capex plan CEO: defining execution phase Abu Dhabi National Oil Company (Adnoc) is to award AED200 billion ($55 billion) in contracts during the next two years to support its upstream and downstream expansion. The announcement comes days after the UAE said it would leave the Organization of the Petroleum Exporting Countries (Opec and Opec+) and as oil prices held near multi-year highs. The state energy company said the contracts would help strengthen local manufacturing and support project delivery under its five-year $150 billion capital expenditure plan. They fall under the oil company’s in-country value programme,…
From mobile payments and improved reception to rail transit and multilingual services, overseas visitors are enjoying a safe, convenient, and seamless travel experience in China’s Chongqing. (Source: Xinhua) Related News: Watch This | China remains strategic market for innovation, development: IKEA China CEO Watch This | Wildlife conservation specialist advances milu deer protection with technology and research Source link
[SINGAPORE] The market is currently underestimating both the magnitude and duration of margin pressure on the aviation sector following an unprecedented spike in jet fuel prices, DBS Group Research said.It noted that jet fuel prices have surged by more than 100 per cent within weeks, in a report released on Apr 30.“The current episode combines elements of multiple past cycles and is both more severe and more abrupt than prior fuel shocks. While travel demand is holding firm, the rapid and sharp rise in jet fuel and crack spreads, alongside a more mature demand base and higher low-cost carrier (LCC)…
May 4, 2026NEW DELHI – With the fate of four major states and one Union Territory set to be revealed, the Election Commission of India (ECI) on Sunday declared that all arrangements are in place for the counting of votes on May 4, marking the culmination of a high-voltage electoral cycle across West Bengal, Tamil Nadu, Keralam, Assam and Puducherry. Officials said counting centres have been secured, personnel deployed, and protocols tightened to ensure a smooth and transparent process as the country braces for decisive results day.In a message underscoring preparedness, the poll body said counting arrangements have been completed…
THE Malaysian Association of Travel and Tourism Agents (MATTA) is calling for a more coordinated national approach to accelerate the adoption of electric vehicles (EVs) in the tourism sector. This is to ensure the industry remains sustainable, competitive and future-proof. Its president, Nigel Wong, said the shift towards electric mobility in tourism needs to be seen as a systemic transformation that goes beyond mere transport policy, but instead involves energy planning, financial mechanisms, infrastructure development and tourism governance. According to him, without strong coordination between ministries and industry players, efforts to expand EV adoption in the sector will remain fragmented…
ContentsKey Takeaways 1Introduction. 2Mapping the Activities of U.S. Companies in China. 3Why It Matters: The Benefits of Having U.S. Companies in China. 12Criticism Against U.S. Companies Operating in China. 18Policy Recommendations 19Conclusion. 20Endnotes 21 Many voices in Washington argue that U.S. companies should not be in China. This idea, which would represent a de facto decoupling from China, is not a consensus view, but it has support from various constituencies. In 2022, Senator Rick Scott (R-FL) urged U.S. companies to “redirect supply chains and decouple their businesses from Communist China before its planned invasion of Taiwan.”[1] Furthermore, during his first administration,…
The UAE offers “freedom” in cryptocurrency and has succeeded in building a globally competitive crypto ecosystem, Changpeng Zhao has said in an interview with The National.“They have a lot of room to experiment,” said the former Binance chief executive and founder, describing a system that balances innovation with consumer protection through a “calibrated approach”. “That’s one of the strengths for the UAE. And the country’s leadership is very forward thinking,” he added. Mr Zhao said the Emirates’ strategy, particularly through jurisdictions such as Abu Dhabi’s ADGM, has positioned it among the most advanced globally in regulating digital assets, while allowing…