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SINGAPORE July 4 (Bloomberg): Temasek Holdings Pte’s biggest equity shareholdings and those of its subsidiaries have plunged almost US$24 billion since January as the spreading coronavirus sends markets into spasms.
SINGAPORE: Singapore’s state-owned investor Temasek Holdings Pte has made the rare decision to delay its annual report until September, blaming Covid-19 for hampering the global flow of financial information.
MUMBAI: With US two-cent airfares, high fuel costs and taxes, India’s aviation market already was one of the toughest around. The coronavirus pandemic could be the final straw for some of the country’s airlines.
BANGKOK, June 27 (AP): Thailand's low-cost carrier NokScoot, which is partly owned by Singapore Airlines, said its board of directors decided to liquidate the company as the Covid-19 (coronavirus) pandemic dimmed prospects for its recovery.
BAIN Capital LP agreed to buy collapsed Virgin Australia Holdings Ltd. in one of the biggest single bets on the airline industry since it was shattered by the coronavirus pandemic.
Frequent flying isn’t so much of a thing right now, but loyalty programmes are in many cases getting better as airlines fight to keep customers and generate sorely needed revenue after the coronavirus ransacked travel.
151 new Covid-19 cases in Singapore, lowest daily tally in more than 2 months; stock market end up 2.03%
SINGAPORE (The Straits Times/Asian News Network): There are 151 new coronavirus cases confirmed as of Tuesday noon (June 16), the lowest daily figure in more than two months. They include two community cases, both work pass holders, said the Ministry of Health (MOH).
SINGAPORE (The Straits Times/ANN): Changi Airport has set up new Transit Holding Areas (THA) in Terminals 1 and 3 as it prepares for the gradual resumption of transit passenger services, which were suspended when Singapore imposed border restrictions amid the Covid-19 pandemic.
HONG KONG: Cathay Pacific Airways Ltd has outlined a plan to raise HK$39bil (US$5bil) from the Hong Kong government and shareholders after months of warnings about the frailty of its business because of Covid-19 travel restrictions.
HONG KONG/SYDNEY (Reuters): Cathay Pacific Airways Ltd revealed on Tuesday (June 9) the Hong Kong government will lead a recapitalisation plan worth HK$39 billion ($5 billion) to help it through the coronavirus pandemic, the latest public rescue for a troubled airline.