Olivia Poh

2 weeks ago | bloomberg.com | Olivia Poh

Indonesia’s GoTo Group reported its third straight quarterly profit on an adjusted basis, a step forward in its bid to curb costs and drive sales in a tough ride-sharing and delivery market. Adjusted earnings before interest, taxes, depreciation and amortization were 393 billion rupiah ($23.4 million) for the first quarter, after a pro forma loss of 101 billion rupiah a year earlier, GoTo said in a statement on Tuesday.

2 weeks ago | bloomberg.com | Olivia Poh

Grab, the largest of Southeast Asia’s ride-hailing and delivery firms, is trying to prove its cost-cutting drive is yielding results. (Bloomberg) -- Grab Holdings Ltd. raised its full-year earnings forecast after quarterly sales beat estimates, a sign the online arena may prove a rare bright spot in a region rattled by trade tensions. Grab, the largest of Southeast Asia’s ride-hailing and delivery firms, is cutting costs to try and preserve margins during a time of economic turbulence.

3 weeks ago | bloomberg.com | Olivia Poh

This article is for subscribers only. Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg’s journalists around the world. Today, Olivia Poh tells the story of a SoftBank-backed startup that went astray. AMD’s chip curbs: Advanced Micro Devices expects to take a charge of as much as $800 million after the Trump administration imposed new restrictions limiting the flow of chips to China.

4 weeks ago | bloomberg.com | David Ramli |Olivia Poh |Faris Mokhtar

Als Gibran Huzaifah auf die Excel-Tabelle auf seinem Laptop starrte, blickte er ins Leere: Das indonesische Startup eFishery — das er von einem Fischfütterungs-Prototypen zu einem Unternehmen mit 100 Mitarbeitern ausgebaut hatte — würde in nur drei Monaten kein Geld mehr haben. Nach und nach begann er also, falsche Zahlen in den Geschäftsbericht einzutragen.

1 month ago | bloomberg.com | David Ramli |Olivia Poh |Faris Mokhtar

As Gibran Huzaifah stared at the Excel spreadsheet on his laptop, he was looking into the void. eFishery, the Indonesian startup he'd built from a fish-feeding prototype to a 100-employee extension of himself, was just three months away from running out of cash. Slowly, he started plugging fake numbers into the financial report. Within an hour, he had done what five years of hard work couldn’t — turn his business into a winner, at least on paper.