Business

Indonesian ride-hailing and payment firm Gojek announced for the layoffs on their organization also the partners this week. Gojek Indonesia laid off their 430 employees. Not only that, but the decacorn startup also closed some of its services. There are two services that are closed, namely GoLife which includes GoMassage and GoClean services, and GoFood Festival which is GoFood’s food …

Regional aviation and port markets have changed slightly, but they still have a long path to recovery. Affin Hwang Capital Research said it had been reinforced by a virtual meeting with five industry players that the sectors would not recover until at least next year. The company recently hosted Malaysia Airports Holdings Bhd, Westports Holdings Bhd, MMC Corporation Bhd, Pos …

As is known that the world aviation sector is under pressure in the middle of the Covid-19 pandemic, including in Indonesia. State-owned airport operator PT Angkasa Pura II (AP II) announced on Monday that it is trying to solve issues that might emerge in airport terminals amidst the transitional large-scale social restriction (PSBB) and new normal. Angkasa Pura II President …

MANILA – As Metro Manila begins to ease restrictions, bike-sharing firms Angkas and Joyride proposed the use of plastic shields between the drivers and passengers in a bid to lobby authorities to finally allow the resumption of motorcycle taxi operations. While awaiting the decision on the legalization of motorcycle taxis, Angkas chief transport advocate George Royeca yesterday the firm has …

Acute supply and supernormal rubber glove demand could persist in the next two years. Analyst, Raymond Choo Ping Khoon said glove makers issued new customer orders from airlines , hotels, retail apparel chains and hotel operators. When we look at the single capacity expansion figures, it seems daunting. Juxtaposed with annual growth in demand and new pandemic-led demand, the increased …

Sales of debt from Malaysia may make a comeback in the midst of economic prosperity that reopened, Kenanga Research said. The firm said the US 10-year average yield from the Treasury had inched slightly higher by two basis points ( bps) in May to 0.66 percent, lifted by investor optimism as economies begin to reopen. On the other hand, the …

MANILA – Malacañang on Thursday, claried that only online sellers earning above Php 250,000 will need to pay taxes, but all online business should still register their records with the Bureau of Internal Revenue. “If your online business net income does not exceed P250,000, then you don’t have to pay.” Roque said. “If your online business net income does not …

As part of its pledge to assist them through this difficult period, local stock exchange operator Bursa Malaysia Securities Bhd has released a transparency guideline on Covid-19 relevant impacts and investments for listed firms. Bursa Malaysia said, based on its observation of recent disclosures made by listed issuers related to the effect of Covid-19, it felt that there was scope …

The Asean region is expected to do more trade with China amid the coronavirus pandemic crisis, Deputy secretary-general of Asean Kung Phoak said in an interview. According to the senior official, the proximity with China has made the region a strong trading partners, even in the Covid-19 health crisis period. He also pointed out that even before the pandemic started, …

MANILA – Sun Cruises Inc., provider of cruise and tour services for Corregidor Island, on Tuesday announced that they will be officially closing down effective last May 16. Sun cruises, on their official Facebook account, posted a statement and a copy of the closure notice that ended a more than 30 years of service to people who are interested on …