Olivia Poh

Singapore

Reporter at Bloomberg News

@business reporter. I write about tech in Southeast Asia, focusing on internet cos and VCs. Opinions mine. DMs open.

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Articles

Grab, GoTo Targeted by Indonesia Drivers’ Protest Over Pay (1)

2 weeks ago | news.bloomberglaw.com | Chandra G. Asmara |Olivia Poh

Grab Holdings Ltd. and GoTo Group were among ride-hailing and delivery services targeted by driver protests on Tuesday in Indonesia, with thousands gathering to demand better compensation and other terms. The demonstrations come at a delicate time for the Southeast Asian internet leaders, as Singapore-based Grab has been negotiating to buy its Indonesian rival for more than $7 billion.
Grab, GoTo Targeted by Indonesia Drivers’ Protest Over Pay (1)

2 weeks ago | news.bloombergtax.com | Chandra G. Asmara |Olivia Poh

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
Grab, GoTo Targeted by Indonesia Drivers’ Protest Over Pay

2 weeks ago | bloomberg.com | Chandra G. Asmara |Olivia Poh

Ride-hailing app drivers protest in Jakarta on May 20. (Bloomberg) -- Grab Holdings Ltd. and GoTo Group were among ride-hailing and delivery services targeted by driver protests on Tuesday in Indonesia, with thousands gathering to demand better compensation and other terms. The demonstrations come at a delicate time for the Southeast Asian internet leaders, as Singapore-based Grab has been negotiating to buy its Indonesian rival for more than $7 billion.
Sea Profit Tops Estimates as Online Shoppers Keep Spending

3 weeks ago | ca.finance.yahoo.com | Olivia Poh

(Bloomberg) -- Sea Ltd. reported profit that topped analysts’ estimates, a sign that the Southeast Asian e-commerce leader is holding up well against fierce rivals TikTok and Lazada. • None A New Central Park Amenity, Tailored to Its East Harlem Neighbors• None What’s Behind the Rise in Serious Injuries on New York City’s Streets?
Sea Profit Tops Estimates as Online Shoppers Keep Spending

3 weeks ago | bloomberg.com | Olivia Poh

Shopee has been steadily raising the commissions it charges merchants in many core markets by about a third since the start of last year. (Bloomberg) -- Sea Ltd. reported profit that topped analysts’ estimates, a sign that the Southeast Asian e-commerce leader is holding up well against fierce rivals TikTok and Lazada.
GoTo Posts Third Straight Adjusted Profit After Cost Cuts Bite

1 month 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.
Grab Hikes Outlook After Sales Beat Estimates on Ride Demand

1 month 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.
This CEO Wants You to Know He Didn’t Steal Money While Cooking the Books

1 month 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.
So fälschte ein CEO die Bilanzen seines Milliarden-Startups

1 month 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.
How Indonesian Startup eFishery's ex-CEO Gibran Huzaifah Faked the Numbers

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.