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MFC calls for gradual relaxation of MCO
KUALA LUMPUR: The Malaysian Furniture Council (MFC) has called on the government to gradually relax the Movement Control Order (MCO) to help the survival of the furniture industry. MFC president Khoo Yeow Chong said that the government could in a timely
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Funding societies further tighten risk assessment processes
KUALA LUMPUR: Funding Societies, a peer-to-peer (P2P) financing platform, has taken a multi-pronged approach to further tighten its risk assessment processes to ensure investment by clients remain protected while continuing to support the underserved small and medium enterprises (SMEs) who are affected by
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Asia shares rally as BOJ buys more bonds; U.S. crude skids
SYDNEY: Asian shares bounced on Monday as the Bank of Japan (BOJ) announced more stimulus steps to help cushion the economic impact of the coronavirus, while oil took another spill as the world ran short of space to store it.
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Saudi G20 presidency urges more donations to fund pandemic response
WASHINGTON: The Saudi presidency of the Group of 20 major economies on Thursday called for further immediate donations to fund the emergency response to the coronavirus pandemic and develop needed vaccines. The G20 secretariat said $1.9 billion had been donated
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Covid 19: Suppliers are top risk management concern
The worldwide coronavirus pandemic has disrupted life in just about every sense of the word, from personal health concerns and social distancing to shelter-in-place mandates and business closures.But in the corporate world, life plods on. Critical concerns about ongoing sales
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SE Asia Stocks-Most markets fall as risk-off from oil rout persists
Most Southeast Asian stock markets fell for a second session on Wednesday as the collapse of oil prices earlier this week underscored supply glut worries and exposed the severity of the damage to demand from the coronavirus pandemic. The week
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U.S. crude crash keeps dollar in demand
SINGAPORE: The dollar and yen held broad gains on Wednesday, as U.S. oil’s return to positive territory from a historic plunge failed to calm market nerves, while the Australian dollar jumped on record retail sales figures. The greenback sat just
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Japan’s Nagasaki confirms 33 coronavirus cases on cruise ship docked for repairs
TOKYO: Japan’s Nagasaki prefecture said on Wednesday it had confirmed 33 cases of coronavirus infection on an Italian cruise ship docked for repairs and would carry out further testing on other crew members. Those who test positive but are asymptomatic
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China’s daily air passenger numbers up 7.9% in April vs March -aviation regulator
BEIJING: China’s aviation regulator said on Wednesday daily transported air passenger numbers rose 7.9% this month, as of April 21, from March, but was only at 29% of the level seen a year ago, in a sign of how the
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India eases fundraising rules for companies as coronavirus hurts deals
MUMBAI: India’s market regulator on Tuesday temporarily eased some fund-raising regulations for listed entities to give them easier and faster access to capital markets amid the ongoing coronavirus pandemic which has greatly reduced deal activity. To allow more companies avail
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