SINGAPORE: The Singapore Airlines (SIA) Group continues to feel the impact caused by the COVID-19 pandemic. On Monday (Aug 17), the company released figures which showed three of its carriers continuing to see sharp declines in passenger traffic for July. SIA Group said this was down to “severely curtailed” demand […]
Business
WASHINGTON: The Trump administration announced on Monday (Aug 17) it will further tighten restrictions on Huawei Technologies, aimed at cracking down on its access to commercially available chips. The US Commerce Department actions, first reported by Reuters, will expand restrictions announced in May aimed at preventing the Chinese telecommunications giant […]
SINGAPORE: Motorists who travel regularly between Singapore and Malaysia could soon find it more convenient to do so with the launch of a new dual-currency contactless card by Singapore’s EZ-Link and Malaysia’s Touch ‘n Go. The dual-currency cross-border card, which the companies say is a first for the region, will […]
NEW DELHI: A top Facebook executive in India has filed a police complaint in New Delhi saying she is receiving death threats after a media report said she and the U.S. social network company allegedly favoured Prime Minister Narendra Modi’s ruling party. Ankhi Das, Facebook’s top public-policy executive in India, […]
That was until Covid-19, when the country’s low-key rubber industry — or more precisely, glove making — became one of the hottest on the planet. Malaysia has long been a place where vast fortunes have been amassed over time. The Kuoks, Tehs and Queks are custodians of palm oil, property […]
NEW YORK: International Business Machines (IBM) announced on Monday (Aug 17) a new processor chip for data centres that it says will be able to handle three times the workload of its predecessor. The IBM-designed Power10 chip will be manufactured by Samsung Electronics and is meant for use by businesses […]
HONG KONG: Hong Kong Commerce Secretary Edward Yau told CNBC on Monday (Aug 17) that rising US-China tensions are ‘unhelpful’ and that he will take up with the US government the matter of Hong Kong goods for export to the United States to be labelled made in China. Goods made […]
BANGKOK: Thailand’s economy suffered its worst contraction since the Asian financial crisis more than two decades ago, data showed Monday (Aug 17), as the coronavirus shattered the country’s crucial tourism industry. The kingdom has largely escaped the worst of the disease – registering 3,300 cases and 58 deaths despite being […]
The Japanese economy has shrunk at its fastest rate on record as it battles the coronavirus pandemic. The world’s third largest economy saw gross domestic product fall 7.8% in April-June from the previous quarter, or 27.8% on an annualised basis. Japan was already struggling with low economic growth before the […]
It was a mistake for the ages — a “clerical error,” as Citigroup told lenders — that’s now plunged the bank into a battle between the Perelman empire and a corps of sharp-edged investment funds that have become its impatient creditors. Even for Citigroup Inc., it was big money. On […]