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Lufthansa faces fresh disruption as pilots announce two‑day strike
BERLIN, April 12 — The pilots’ union for Lufthansa, Europe’s biggest air transport group, yesterday called for a two-day strike in Germany from tomorrow over a salary and pensions dispute. The airline has already been hit by four strikes this
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Thailand increases social benefits payments to ease cost pressures from Mideast conflict
BANGKOK, April 11 — Thailand will increase its allowance for essential goods starting Monday to help mitigate the economic impacts of the Mideast war, which are particularly affecting farmers, small business owners and “vulnerable” people. More than 13 million Thais
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Middle East conflict fallout to hit Asia’s economies through 2027, ADB says
MANILA, April 11 — The Middle East war is expected to drag on Asia’s economies over this year and next, the Asian Development Bank warned yesterday, as it predicted growth to slow to 5.1 per cent across the world’s most
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Airline pilots warn of pay cuts, sack risks over refusing Middle East flights
MONTREAL, April 10 — Airline pilots who have safety concerns about flying in the Middle East during the Iran war have told a global aviators’ union group they fear blowback ranging from lost pay to being fired if they refuse
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IMF to cut global growth outlook as war in West Asia weighs on economy
WASHINGTON, April 10 — The International Monetary Fund will lower global growth forecasts due to the Middle East war, its chief said Thursday, warning of the conflict’s “scarring effects” despite a fragile ceasefire. “Even in a best case, there will
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Japan to release 20 days of oil reserves to steady supply amid Middle East tensions
TOKYO, April 9 — Japan plans to release a further 20 days’ worth of oil reserves as early as next month, local media reported on Friday citing an announcement by Prime Minister Sanae Takaichi. The country first began tapping into
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Ringgit firms further against US dollar as improving sentiment lifts demand
KUALA LUMPUR, April 10 — The ringgit remained firm against the US dollar at the opening on Friday, supported by sustained demand for the local currency amid improving risk appetite among traders and investors. At 8am, the local currency strengthened
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Labuan FSA unveils five-year plan to strengthen Islamic finance and digital economy from 2027
LABUAN, April 9 — The Labuan Financial Services Authority (Labuan FSA) is set to launch a new five-year blueprint by the end of this year or early next year, with a strategic focus on strengthening Islamic finance and the digital
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TikTok Shop posts over 130pc sales growth during Ramadan, Aidilfitri
KUALA LUMPUR, April 9 — TikTok Shop, which markets Malaysian-made products by micro, small and medium enterprises (MSMEs) as well as local brands via TikTok Shop Mall, recorded sales growth of over 130 per cent year-on-year throughout Ramadan and Aidilfitri
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Malaysian glove maker WRP to wind down operations as Iran war drives costs, supply crunch
KUALA LUMPUR, April 9 — Malaysian rubber glove manufacturer WRP Asia Pacific Sdn Bhd will begin winding down its operations this month, citing disruptions to global energy and petrochemical supply chains linked to the Middle East conflict. In a letter
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