Business

Hotels in Malaysia are expected to lose all revenue streams with the implementation of another movement control order which restricts interstate travel. Yap Lip Seng, Chief Executive Officer of the Malaysian Association of Hotels (MAH), said that while the MCO is important, it would do more harm to the tourism and hospitality industry. “With the implementation of restrictions based on …

The construction of an electric vehicle battery manufacturing plant will begin in the first half of 2021 after the consortium of Indonesian state enterprises and LG Energy Solution Ltd of South Korea signed an agreement worth US$9.8 billion which is also Rp142 trillion. Kami ingin menyampaikan berita gembira bahwa Indonesia akan segera memiliki pusat industri sel baterai kendaraan listrik terintegrasi …

Changi Airport in Singapore charges clients up to $269 a night for the ability to camp in its retail wing in a tent, the most uncommon travel experience aimed at raising revenue during the pandemic. “Glamping” experience tickets, which have already sold out, offer visitors the opportunity to “wake up to the refreshing view of the majestic HSBC Rain Vortex,” …

The Department of  Internal Trade of the Commerce Ministry is planning to extend help to shrimp farmers in order to curb the spread of Covid-19 in the wake of the 14-day lockdown in Samut Sakhon, a major seafood development center for seafood products. Wattanasak Sur-iam the director-general of the department shared that there is a daily surplus of 100 tonnes …

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 …

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 …

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 …

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, …

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 …

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 …