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KUALA LUMPUR: Malindo Air has launched a retrenchment exercise ranging from termination to a year's unpaid leave for 2,647 employees, the human resources ministry said on Wednesday, as the coronavirus pandemic batters the aviation industry.
SHANGHAI/HONG KONG: China's shock move to suspend Ant Group's record US$37 billion listing was described as necessary and reasonable by state media as well as by some analysts, even though it came just days before its dual debuts in Shanghai and Hong Kong.
LOS ANGELES: Wall Street is betting on a defeat for President Trump, as big media and tech stocks rose on Election Day in anticipation of Democratic nominee Joe Biden taking the White House.
CHINA’S Ant Group, which is about to make the biggest public sale of shares ever, poses a basic conundrum: what kind of company is it – a financial colossus or a tech giant?
BEIJING/HONG KONG: China's Ant Group, about to make the biggest public sale of shares ever, poses a basic conundrum: what kind of company is it - a financial colossus or a tech giant?
As we get closer to the tabling of another Budget, we are beginning to hear murmurs and speculation on whether the government would seek to reintroduce the Goods and Services Tax (GST).
Undoubtedly, the goods and services tax (GST) in Malaysia is a polarising issue. However, as noted by the OECD, Malaysia’s tax structure may need to be adapted for a post-Covid-19 era to restore public finances and fund future growth.
Asian markets looked to continue an upward swing on Friday, after a rebound in U.S. equities and strong corporate earnings set the stage.
JAKARTA: The United States has praised the Indonesian government’s effort in addressing the issues of regulatory roadblocks, corruption and non-transparency in the business sector as it seeks to strengthen economic ties with the archipelagic country.