KUALA LUMPUR – Umno, the biggest party in Malaysia’s ruling Perikatan Nasional (PN) coalition, has called for a general election to be held once the …
New Silkroutes plans independent review into deals signed with China entity
SINGAPORE (THE BUSINESS TIMES) – Healthcare and energy firm New Silkroutes Group will appoint an independent public accounting firm to conduct an independent review into …
Asia’s Covid-19 control tempers global stock selloff, US futures jump
SINGAPORE (REUTERS) – Asian stock markets fell on Thursday (Oct 29) but not as sharply as Wall Street’s rout overnight, while oil bounced off lows …
Ikea’s malls arm says expansion plans intact as customers return post-lockdown
STOCKHOLM (REUTERS) – Ikea’s shopping malls business, one of the world’s biggest, said its expansion plans remained on track with visitors quickly returning to its …
China strips back currency control in move towards liberal yuan
BEIJING (BLOOMBERG) – China has taken more steps this month to loosen its grip on the yuan than at any time since curbs were imposed …
Oil plunges over 5% as pandemic surges, US crude output soars
NEW YORK (REUTERS) – Oil prices fell more than 5 per cent on Wednesday (Oct 28), sending Brent to a four-month low as surging coronavirus …
SIA Engineering flags provision for lower hangar revenue, parked aircraft
SINGAPORE (THE BUSINESS TIMES) – SIA Engineering will recognise a non-cash impairment provision against its base maintenance unit’s assets, and is working on finalising the …
China’s recovery shows mixed signals as global outlook dims
BEIJING (BLOOMBERG) – China’s economic recovery displayed mixed signals while remaining broadly steady in October, with small businesses turning more cautious and the property market …
Airbnb sets stage for blockbuster IPO with choice of Nasdaq listing
NEW YORK (REUTERS) – Home-rental startup Airbnb plans to list its shares on the Nasdaq, setting the stage for one of 2020’s most high-profile stock …
IATA slashes airline revenue forecast for 2021 on Covid-19 resurgence
PARIS (AFP) – Airline industry revenues are expected to remain 46 per cent lower in 2021 than the US$838 billion (S$1.14 trillion) booked in the …
Nearly 200 European airports risk going bankrupt if travel fails to recover
PARIS (AFP) – Nearly 200 European airports risk insolvency in the coming months if passenger traffic does not recover, a trade association warned on Tuesday …
US presses Myanmar leader Suu Kyi for inclusive election
WASHINGTON (AFP) – The United States on Tuesday (Oct 27) urged Myanmar’s civilian leader Aung San Suu Kyi to promote an inclusive election and renewed …
China blasts ‘bully’ US ahead of Pompeo’s Sri Lanka stop
COLOMBO (AFP) – China warned the United States not to “coerce and bully” Sri Lanka as US Secretary of State Mike Pompeo arrived on a …
Facebook’s India policy chief quits after hate speech claims
NEW DELHI (AFP) – Facebook’s top India public policy executive, who was at the centre of a row over the alleged failure to address hate …
Japan Airlines to post record $3 billion net loss this year: Nikkei
TOKYO (Reuters) – Japan Airlines (JAL) is likely to post a record net loss of about 230 billion yen (S$3 billion) in the business year …
Sembcorp, SP Group to create platform that trades renewable energy certs, provides carbon consulting
SINGAPORE (THE BUSINESS TIMES) – Energy companies Sembcorp Industries and SP Group are collaborating to develop an environmental sustainability platform for corporates and consumers. The …
It’s Asia to the rescue again as oil demand wavers elsewhere
SINGAPORE (BLOOMBERG) – As a second coronavirus wave menaces Europe and the US, Asia is back in a familiar position: acting as a bulwark against …
Discount broker Charles Schwab to cut about 1,000 jobs
NEW YORK (REUTERS) – Charles Schwab Corp said on Monday (Oct 26) it is laying off about 1,000 positions in the combined workforce of Charles …
AIG names new CEO, plans to spin off life and retirement unit
NEW YORK (REUTERS) – Insurer American International Group (AIG) on Monday (Oct 26) said its board approved a plan to separate the life and retirement …
Opposition wants two ministers sacked for allegedly pushing emergency plan
Malaysia’s opposition yesterday called for Prime Minister Muhyiddin Yassin to sack two Cabinet ministers whom they accused of being the masterminds behind a failed attempt …