Page 2 – ASEAN Economic Community Strategy Center

Malaysia: AirAsia founders not taking salary; staff accepts up to 75% pay cut

KUALA LUMPUR: The founders of Malaysia’s AirAsia Group Bhd will not take salaries and its staff has agreed to an as much as 75% cut in pay due to the impact of the novel coronavirus outbreak on the airline, its chief executive said late on Saturday. Tony Fernandes said in an Instagram post that he […]

Philippines: Government urged to gradually restart economy

MANILA, Philippines — The government should look into the possibility of gradually reopening the economy and allowing businesses to operate at 50 percent capacity to help cushion the economy from the impact of the coronavirus disease 2019 or COVID-19 pandemic, according to SM Investment Corp. (SMIC) vice chair Teresita Sy-Coson. Coson said this may be […]

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Malaysia: AirAsia founders not taking salary; staff accepts up to 75% pay cut

Philippines: Government urged to gradually restart economy