Tanla Platforms wins Indonesia deal for AI check on spam messages
Tanla Platforms has secured a multi-year deal with Indonesia's Indosat Ooredoo Hutchison to implement its AI-powered anti-spam platform. This marks Tanla's first major international expansion of its security technology. The platform, utilising machine learning and generative AI, aims to combat fraudulent activities across SMS, voice, and VoIP channels, protecting millions of Indonesian telecom users from cyberattacks.
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Mint
7 hours ago
- Mint
GoTo Posts Fourth Straight Adjusted Profit, Helped by Cost Cuts
(Bloomberg) -- Indonesia's GoTo Group notched a fourth consecutive quarter of adjusted profit, making progress with reining in expenses and boosting revenue amid stiff competition in ride-hailing and delivery. Adjusted earnings before interest, taxes, depreciation and amortization were 427 billion rupiah ($26 million) for the second quarter, GoTo said in a statement on Wednesday. That compares with a pro-forma loss of 64 billion rupiah a year earlier. Net revenue, which excludes incentives to driver and merchant partners and promotions to users, climbed 23% on a pro forma basis to 4.3 trillion rupiah. GoTo has been making strides in its effort to cut costs and prove to investors it can make money. The company has slashed jobs and shuttered business units as user growth cools and competition from Singapore's Grab Holdings Ltd. and smaller regional rivals weighs on margins. Investors remain cautious, with GoTo's stock price down about 80% since it went public in Jakarta in 2022. Still, the shares have advanced more than 20% over the past 12 months as GoTo's earnings have showed signs of improvement. In a move that would upend the regional market, Grab has been weighing a takeover of GoTo at a valuation of more than $7 billion, Bloomberg News reported. Still, Grab has played down a potential deal, saying in June it's not in talks to buy GoTo 'at this time.' In a bid to accelerate cost savings, GoTo handed over its loss-making e-commerce unit Tokopedia to ByteDance Ltd.'s TikTok in a $1.5 billion deal. The company also exited Vietnam to concentrate on achieving profitability in its core markets of Indonesia and Singapore, while pushing into growth areas like consumer lending. The company reaffirmed it expects to post adjusted Ebitda of as much as 1.6 trillion rupiah for the full year. What Bloomberg Intelligence Says GoTo's e-commerce, once a key top-line driver, has taken a back seat after it sold 75% of that business to ByteDance's TikTok Shop. GoTo earns e-commerce fees from that deal at no incremental costs. Fintech should expand more as a closer tie-up with TikTok fuels its buy now, pay later loans, while it continues to lead in Indonesian on-demand services. More stories like this are available on
News18
3 days ago
- News18
Leaders of Indonesia, Peru hold talks on trade, economic ties
Jakarta, Aug 11 (AP) Peruvian President Dina Boluarte met his Indonesian counterpart Prabowo Subianto on Monday during a visit aimed at strengthening economic ties as the two countries for new markets amid geopolitical challenges and rising trade barriers. The signing came just four days after the US President Donald Trump began imposing higher import taxes on dozens of countries on Thursday, including a 19 per cent rate on Indonesia. Imports from Peru are paying the 10 per cent baseline rate Trump set in April. Boluarte arrived in Indonesia's capital of Jakarta on Sunday afternoon, following an invitation President Prabowo extended when the two leaders met at the APEC Summit in Peru in November 2024. The two-day visit is aimed at deepening Peru's ties with Indonesia, Southeast Asia's largest economy, after the two nations concluded negotiations which began in May on a Comprehensive Economic Partnership Agreement or CEPA. Subianto hosted Boluarte with a ceremony at Merdeka palace in Jakarta before the two leaders lead a closed-door bilateral meeting. The two leaders are expected to witness the signing of CEPA that could be a major booster to bilateral trade, said Indonesia's trade minister Budi Santoso ahead of the visit. 'The CEPA deal with Peru is a potential gateway for Indonesian goods and services to enter markets in Central and South America," Santoso said, 'We hope the deal can strengthen Indonesia's trade presence in the region." His ministry's data showed the country's total trade with Peru went down from USD 554.2 million in 2022 to USD 444.4 million the following year, while Indonesia enjoyed a USD 290.4 million trade surplus in 2023, driven by major exports including vehicles, footwear and biodiesel. Indonesia is currently seeking membership of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, which Peru is part of, to boost export growth. (AP) GRS GRS (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: August 11, 2025, 10:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hindustan Times
5 days ago
- Hindustan Times
Under Armour expects sales to dip as US tariffs could hit demand
Under Armour said on Friday its sales decline would worsen this quarter as still-high inflation and tariff uncertainty weigh on demand in North America, sending the sportswear maker's shares down 17% in premarket trading. Maryland-based Under Armour had brought back founder Kevin Plank as CEO in March last year to reboot the business.(REUTERS) The retailer has struggled to drive up demand in the past two years and efforts to revive the business have hit more roadblocks in recent months due to the Trump administration's shifting tariff policies. Maryland-based Under Armour had brought back founder Kevin Plank as CEO in March last year to reboot the business. In May, it announced plans to raise prices to offset tariff impacts, further risking demand as customers look for cheaper options. "It's concerning that, going a year into its restructuring plan, there's still little sign of a reversal in its revenue declines and profitability struggles on the horizon," said Emarketer analyst Sky Canaves. As of May, the company was sourcing about 30% of its overall merchandise volume from Vietnam and 15% from Indonesia. It faces a direct risk from President Donald Trump's 20% tariffs on goods from Vietnam and 19% on Indonesian goods, though it remains unclear if the levies will change. "The looming impacts of tariffs on and weaker US consumer demand in the second half of the year don't bode well for its turnaround prospects in the near-term," Canaves said. The company forecast a decline of between 6% and 7% in current-quarter revenue, compared with analysts' average estimate of a 2.9% drop, according to data compiled by LSEG. Also Read | Businesses Continue to Face Uncertainty After Latest U.S. Tariff Blitz, ICC Says Under Armour expects quarterly gross margin to decline by 340 to 360 basis points due to potential tariff-related supply chain snags, but said favorable foreign exchange and pricing benefits would partially offset the decline. It expects adjusted profit per share of between 1 cent and 2 cents, compared with estimates of 26 cents. For the first quarter ended June 30, revenue fell 4% to $1.13 billion, in line with estimates, while adjusted profit per share of 2 cents missed estimates of 3 cents.
