Puma, a German sportswear manufacturer, revealed results for the second quarter that were greater than expected on Wednesday and boosted its projection for full-year revenue. Puma was able to cope with headwinds in China better than its competitor Adidas. Puma said that its earnings before interest and taxes (EBIT) increased by 34.4 percent for the year to 146 million euros …

ASEAN – This weekend, most inhabitants in China’s economic capital of Shanghai will be subjected to an unexpected round of Covid-19 testing, only 10 days after a city-wide lockdown was lifted, disturbing citizens and raising fears about the effect on business. Shanghai authorities said on Thursday that owing to the identification of a few cases in the neighborhood, seven of …

China – Today, Beijing’s streets were bustling as people in two districts were permitted to come back to work, while Shanghai moved closer to removing its two-month-old Covid-19 lockdown, which began on Wednesday, as the number of Covid cases throughout China decreased. While the rest of the world attempts to coexist with the virus, China is the only major country to …

Malaysia – The Department of Statistics Malaysia (DoSM) is confident about Malaysia’s economic recovery in Q3 2022, despite external threats and downward pressure following Q1 2022’s favorable performance. Datuk Seri Mohd Uzir Mahidin, chief statistician, said several nations performed better in Q1 2022, suggesting economic recovery despite various global crises producing supply chain disruptions, inflationary pressure, and monetary policy tightening. …

Malaysia – According to Prime Minister Datuk Seri Ismail Sabri Yaakob, the newly established Social Entrepreneurship Action Framework 2030 (SEMy2030) presents a new national direction for the rise of social entrepreneurship in Malaysia. He claims that it focuses on the establishment of an effective regulatory and governance structure to guarantee that social businesses are being operated with responsibility and accountability, …

A steady strategy to expand soybean creation is vital to accomplishing independence and bringing down reliance on bringing in the item, as indicated by Center for Indonesian Policy Studies (CIPS) specialist Indra Setiawan. Indonesia ought to endeavor to expand the country’s efficiency of soybeans to shield ourselves from value vacillations in global exchange. Expanded the efficiency of soybeans is likewise …

SINGAPORE – Without fear of spreading the coronavirus, Singapore has been testing a ‘bubble’ business hotel that will allow quarantined executives arriving in the country to conduct face-to-face meetings and even exchange documents. The bubble was set up in an exhibition venue near Changi airport in the city-state and has separate air ducts for tourists and guests, plus hundreds of …

KUALA LUMPUR: On Tuesday (Jan 26), the automotive workshop operated by Mr. Wong Tung Khong in Sungai Besi was quiet, with only a few employees servicing the cars of customers. “This time last year, I wouldn’t even have time to answer your questions because people wanted their cars serviced before going back to their hometowns for Chinese New Year,” Mr …

Thailand’s latest round of regulations aimed at containing a fresh outbreak of coronavirus infections is expected to derail the gradual rebound of the economy from its recession in 2020. Prime Minister Prayut Chan-o-cha encouraged the people to remain at home and postpone travel after the authorities closed a number of venues in Bangkok and some other provinces this month – …

PETALING JAYA – AirAsia Group Bhd has confirmed that is has secured a a loan as part of its ongoing capital-raising plans. The RM300 million loan came from the Sabah Development Bank Bhd (SDB) to its units as part of the group’s fundraising efforts. AirAsia Bhd Riad Asmat confirmed that the loan has been approved and disbursed. He added that …