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KUALA LUMPUR: Singapore-listed Parkson Retail Asia Ltd's (PRA) Cambodian unit has been ordered to pay US$144.50mil as damages to Hassan (Cambodia) Development Co., Ltd as rental fee over the whole period of the lease under the agreement.
Provide a legal ‘shield’ to Covid-19 events. Time-freeze and temporarily suspend contractual convenants to avoid legal entanglements,
KUALA LUMPUR: Sectors hit hardest by the COVID-19 pandemic are likely to see the strongest recovery as pent-up demand is released and production ramps up, but this is provided the supply chain is fixed, according to a report by Baker McKenzie and Oxford Economics.
KUALA LUMPUR: The ringgit traded higher against the US dollar today as an overnight risk-on mode in the developed market lifted positive sentiment to the currency market.
WASHINGTON: U.S. President Donald Trump on Tuesday said he wants the U.S. economy to reopen by Easter Sunday, April 12, despite the rapid spread of the novel coronavirus in some U.S. states and a rising death toll from the disease. Legal experts say a U.S. president has quite limited power
KUALA LUMPUR: The global economy requires an economic stimulus package worth US$3.7 trillion in order to get back to the growth model as it navigates tempestuous times and uncertainty, says an analyst.
NEW YORK: Boris Johnson is set to say he’s prepared to quit talks with the European Union over the UK’s future trade relationship with the bloc if he doesn’t get his way.
HONG KONG: Carlos Ghosn’s stunning escape from Japan makes him one of the most famous white-collar fugitives in recent years, joining the likes of Malaysian businessman Jho Low and Indian tycoon Vijay Mallya.
SYDNEY: Expatriate pilots flying Boeing Co’s most popular plane for Chinese airlines used to be able to take their pick from dozens of jobs paying US$300,000 plus perks thanks to a shortage of experienced aviators there. The grounding of the 737 Max has changed that.