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Microsoft wants to invest in Indonesia data centres, says Indonesian president
Microsoft Corp is keen to invest in data centres in Indonesia, which will soon make regulatory changes to facilitate the move, the country's president said after meeting with the software giant's CEO on Feb 27.
Saudi Arabia suspends entry for Umrah pilgrimage, tourism amid coronavirus
RIYADH (Reuters) - Saudi Arabia on Thursday suspended foreigners' entry for the Umrah pilgrimage and tourism from countries where the new coronavirus has spread, as a growing number of cases outside China deepened fears of a pandemic.
Asian shares slump after Trump announcement on Covid-19 plans
HONG KONG (AP): Shares fell in Asia on Thursday (Feb 27) after President Donald Trump announced the US was stepping up its efforts to combat the virus outbreak that began in China, as the number of cases surpassed 81,000.
Army of 100,000 Chinese ducks ready to combat locust swarms in Pakistan
BEIJING (Bloomberg): A troop of special Chinese ducks is waiting to be deployed to neighbouring Pakistan to fight a swarm of crop-eating pests that threaten regional food security.
Standard Chartered joins HSBC in coronavirus profit warning
LONDON/SINGAPORE: Standard Chartered Plc is bracing for the impact of the coronavirus outbreak and a weakened Hong Kong economy on the Asia-focused lender’s business.
Banks rethink operations to cope with Covid-19 in Asia
BANGKOK (The Nation/ANN): Global banks including UBS Group and Bank of America are broadening their contingency plans across Asia to ensure that they can keep trading and other operations running as the spread of Covid- 19 accelerates outside China.
Hurun Report: China produces 182 new billionaires, triple the new faces in the US, while Shanghai overtakes Hong Kong for the first time
Shanghai overtakes Hong Kong for the first time in the number of billionaires with 83 to 76, according to the latest Hurun Global Rich List 2020. The world’s 2,816 billionaires enhances their combined wealth by 16% to a record US$11.2tril.
Maybank posts record net profit of RM8.2b in FY19
KUALA LUMPUR: Malayan Banking Bhd posted a record net profit of RM8.20bil in the financial year ended Dec 31,2019 (FY19), lifted a strong performance in the fourth quarter, compared with RM8.11bil in FY18.
Thailand now has world’s worst stock market
BANGKOK: Rising coronavirus cases in Thailand dimmed the outlook for a quick rebound in tourism, sending the nation’s equities benchmark to rank as the world’s worst performer.