PETALING 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 […]
Read MoreThe competition in the beer market is no longer healthy as ‘dirty tricks’ have been used to win over rivals and obtain market share. Nguyen Van Viet, chair of the Vietnam Beer Alcohol Beverage Association, said it is difficult to do business in the Vietnamese beer market and only the strongest competitors will survive. Though […]
Read MoreKUALA LUMPUR: Foreign demand for Malaysian bonds stayed sturdy in October, with the domestic bond market charting its sixth consecutive month of net foreign inflows at RM8bil, RAM Ratings said. In a statement issued on Tuesday, the rating agency said the foreign inflow was a vast improvement from marginal net inflows of RM500mil in September […]
Read MoreEconomists have slashed their 2020 outlook for the Philippines by more than any other Southeast Asian nation as it struggles with one of the region’s worst coronavirus outbreaks. The forecast for the country’s gross domestic product dropped from a 6.1% expansion at the beginning of the year to an 8.9% contraction, a swing of 15 […]
Read MoreKUALA LUMPUR: Shares in Malaysia’s Top Glove slumped 7.5% on Tuesday, after the government said some of its factories would be closed in stages for Covid-19 screening and quarantine, as more than 2,000 of its workers tested positive for the disease. The Health Ministry reported a sharp rise in cases in the area where Top […]
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Thailand
