KUALA LUMPUR: Shares in Top Glove Corp Bhd finished the day at RM6.80 – its day’s low, after 28 of its factories in Kapar, Klang, are set to be shut down in stages following a surge in Covid-19 cases. The fall in its share price also dragged down the FBM KLCI by 6.88 points. “There are 1,067 […]
Read MoreThe Philippine economy will likely contract by more than 8 percent this year and is expected to start to recover in the latter part of 2022 at the earliest, a former Cabinet official said on Monday. During the Pilipinas Conference 2020, former National Economic and Development Authority (NEDA) secretary Ernesto Pernia said he expects the […]
Read MoreThailand’s retail industry is likely to see a lower contraction this year to 6% from the previously projected 7.8% fall, driven by a host of stimulus measures. Voralak Tulaphorn, chief marketing officer of The Mall Group, said the co-payment programme, and the Shop and Payback tax rebate scheme, in particular, have helped boost consumers’ spending […]
Read MoreThe Regional Comprehensive Economic Partnership (RCEP) would not worsen the trade deficit Vietnam was running with signatory markets, according to the Ministry of Industry and Trade. Statistics showed that Vietnam ran a trade deficit worth US$5.58 billion with ASEAN, $27.71 billion with China and $21.37 billion with the Republic of Korea in the first nine […]
Read MorePETALING JAYA: AirAsia Group Bhd has posted a revenue of RM443mil for its third quarter ended Sept 30, representing a 272% increase compared to the preceding quarter but a decline of 86% year-on-year (y-o-y). The airline segment revenue decreased 87% y-o-y but grew five times compared to the preceding quarter, following the gradual increase in capacity in […]
Read MoreThe Thai Hotels Association (THA) has called on the government to continue its travel bubble plan with other potential countries besides China, while allocating more financial support to hotels. As Beijing has extended the ban on outbound tour groups and is maintaining 14-day mandatory quarantine for all arrivals, the Thai government should seek other low-risk […]
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