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Business News Today: Get all the Latest Business News, Market News, Asian and International Business News on the Asian Affairs.

A New COVID Outbreak Will Lead to Bumps in Businesses

By Burapha
December 22, 2020
in :  Business, Thailand
0
59
newvirus

A new virus epidemic among seafood factory staff near Bangkok couldn’t come at a worse time as Phuket and other Thai tourism attractions brace for a small bump in business from the countdown to 2021. In Samut Sakhon province last week, Thailand discovered a record cluster of pathogens, sparking a 14-day lockdown of the industrial region. The state is debating …

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Next month, Singapore Airlines will resume flights to 4 more locations.

By Katherine S
December 19, 2020
in :  ASEAN News, Business
0
67
SIA

SINGAPORE: As of January, Singapore Airlines (SIA) will resume flights to Dubai, Haneda Airport in Tokyo, Moscow and Munich, the carrier said on Friday (Dec 18). SIA said in a Facebook post that adjustments would also be made to the flight schedules for its SilkAir regional wing and Scoot budget carrier.“The changes are part of a “detailed analysis” to decide …

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It’s Surprising How the Transition Set Fernando Zobel to Take Over the Leadership

By Jasmine C.
December 17, 2020
in :  Business, Philippines
0
96
Zobel

This coming 2021, a massive leadership model is underway at the oldest conglomerate in the world. Ayala Corporation stated that Jaime Augusto Zobel de Ayala will leave his position as chief executive in a disclosure to the stock exchange but will stay as company chairman. In view of this Jaime will be succeeded by Fernando Zobel de Ayala, his younger …

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After a confirmed COVID-19 outbreak, Malaysian glovemaker Kossan cut capacity

By Katherine S
December 17, 2020
in :  Business, Malaysia
0
103
Kossan

KUALA LUMPUR – After 427 employees tested positive for COVID-19, Malaysian glovemaker Kossan Rubber Industries Bhd will see production capacity reduced by nearly 25 percent for two weeks, media reports and analysts said.Kossan is the Southeast Asian country’s new maker of medical gloves to be affected by the pandemic in recent weeks. After more than 5,000 employees were infected, Top …

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The Aviation Institute of Singapore calls for travel bubbles from Southeast Asia

By Katherine S
December 16, 2020
in :  ASEAN News, Business
0
93
AviationInstitute

The Aviation Institute of Singapore called on the Association of Southeast Asian Nations (ASEAN) to consider a structure for travel bubbles in Southeast Asia. “While the Covid-19 pandemic has decimated the global aviation industry, the ten Southeast Asian countries comprising [ASEAN] have experienced declines in passenger traffic that have been much sharper than the global and Asia-Pacific averages,” says a …

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Unfinalized decision to close the parent company of Malaysia Airlines, says Tengku Zafrulul

By Katherine S
December 16, 2020
in :  Business, Malaysia
0
97
DewanRakyat

KUALA LUMPUR: Dewan Rakyat was informed today that the decision to close or terminate Malaysia Aviation Group Bhd (MAGB) operations has not yet been finalized. Any decision, Finance Minister Tengku Zafrul Aziz said would depend on the outcome of the MAGB negotiations to restructure the business with creditors and leaseholders.At the same time, Tengku Zafrul claimed that the management of …

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Petron’s Bataan Refinery is Expected to Shut Down Soon

By Jasmine C.
December 15, 2020
in :  Business, Philippines
0
116
Petron

A surprising situation was announced since, by mid-January, Petron Corp. will be shutting down its Bataan refinery as the last operating oil refinery in the world. In it’s recent disclosure to the Philippine Stock Exchange, Petron highlighted that its refinery in Limay will be shut down by Bataan’s economic plant starting in the second half of January 2021.Prreviously, The Bataan …

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Upbeat MAHB on recovery with new flights, restart of operations

By Katherine S
December 15, 2020
in :  Business, Malaysia
0
102
MAHB

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) is optimistic that passenger traffic at its airports can steadily recover as the airline commences operations and other airlines resume flights. After a three-year hiatus last month, MAHB said KL International Airport had welcomed Cathay Pacific back. No matter how tough the situation gets, we will always rise up together as one big …

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A New Horizon for Filipino’s Favorite Vita Coco

By Jasmine C.
December 11, 2020
in :  Business, Philippines
0
100
VitaCoco

The Country’s favorite has set its new goal giving the long-term agreement with the coconut water brand, Vita Coco has been extended by the Po family-led Century Pacific Food Inc. CNPF is expected to embark on a major expansion of its coconut sector next year, rising production capacity with an additional P300 million investment to meet the growing global demand …

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Perpetual Bonds is the New Deal for San Miguel Corporation

By Jasmine C.
December 11, 2020
in :  Business, Philippines
0
146
PerpertualBonds

Perpetual bonds are generally issued by governments or institutions owned by governments. There are times when businesses with an impressive business background that are financially healthy have been able to sell perpetual bonds. From the viewpoint of the issuer, the main advantage is that the issuer does not have to pay for the theory. For the issuer, they just have …

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Philippines

PH calls for Suu Kyi’s release and wants ASEAN to assist in resolving Myanmar’s crisis.

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