Malaysia – Ex-prime minister Datuk Seri Najib Razak suggested this night that state oil firm Petronas might buy troubled oil-and-gas operator Sapura Energy Bhd to save the company without costing taxpayers any money. Najib claimed that Sapura’s failure would be devastating to Malaysia’s economy in a live discussion with political adversary Datuk Seri Anwar Ibrahim, and the company’s market capitalization …

Malaysia – Tan Sri Lim Kok Thay, the chairman and CEO of Genting Hong Kong, has resigned just days after the cruise operator declared winding down of business, in what is viewed as one of the largest Asian corporate losses from the Covid-19 outbreak so far. According to Bloomberg, Lim’s departure was effective as of January 21, according to a …

Following the shutting down of its operations, the homegrown multi-label retailer Naiise will proceed to liquidating its assets. Naisse founder Dennis Tay posted on his Facebook page that he will be filing for personal bankruptcy as well. He made the decision after Naiise, known as a creative marketplace of products made by Singapore designers has ceased operating its last retail …

Thai Airways International on Monday confirmed it will further suspend international flights following the Civil Aviation Authority of Thailand’s announcement. Further prolonging its ban on inbound and outbound commercial flights until at least June 30. A resumption in July is being considered, and THAI stressed it will continue to monitor the situation with a view to recommencing commercial flights as soon as …