Indonesian ride-hailing decacorn Gojek announced on Tuesday evening that it would lay off 430 employees, around 9 percent of its total workforce, as the COVID-19 pandemic has battered demand for its lifestyle services. The layoff follows the company’s plan to close down its lifestyle division GoLife, which includes massage and cleaning services, as well as […]
Read MoreMANILA, Philippines — Four in 10 Filipinos expect their quality of life to worsen in the next 12 months amid the coronavirus disease 2019 (COVID-19) pandemic, according to a recent Social Weather Stations (SWS) survey. The poll, taken from May 4 to 10, found 43 percent of the respondents expecting their quality of life to […]
Read MoreHospitality groups continue to call on the government to provide an exit strategy from the lockdown of the Kingdom’s bars, clubs and KTV’s – so struggling owners can implement business plans, but some are deciding to quit. The renewed call came after Thailand announced yesterday it will be allowing its bars, karaoke parlours and other […]
Read MoreThe Bank of Thailand’s capital distribution restrictions, announced last Friday in response to the coronavirus pandemic, provide further support to Thai banks’ capital buffers and are in line with regulations in other countries, says Fitch Ratings. Thailand is asking banks to suspend 2020 interim dividend payments and share buybacks and to prepare capital management plans […]
Read MoreCriteo recently unveiled the results of its research analysing the impact of COVID-19 pandemic on the e-commerce landscape. Covering data from the Asia-Pacific region, including Southeast Asia, Criteo’s research uncovered a definitive increase in online sales transactions. This may be attributed to the shift in shopper behaviour as consumers observe social distancing. In […]
Read MoreAircraft parking charges will be waived and a discount on landing and takeoff fees offered to all domestic and international airlines in the latest relief package approved for aviation operators, according to the Civil Aviation Authority of Thailand (CAAT). The package was given the green light at a Civil Aviation Committee (CAC) meeting chaired by […]
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