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Brazil's lower house approves 'war budget' to shield economy
SAO PAULO (Reuters) - Brazil's lower house of Congress approved a constitutional amendment late on Friday for a "war budget" to separate spending to shield the economy during the coronavirus outbreak from the government's main budget.
Hungary to create $2 billion anti-coronavirus fund partly from taxing banks
BUDAPEST (Reuters) - Hungary's government has created a $2 billion (1.6 billion pounds) special fund to aid the fight against the new coronavirus and it will include contributions from banks and foreign retailers, a top official said on Saturday.
Apple acquires AI startup to better understand natural language
Apple Inc acquired Voysis, an artificial intelligence startup that developed a platform for digital voice assistants to better understand people’s natural language.
Spy agency: Indonesia's Covid-19 cases may surpass 106,000 by July
JAKARTA (Jakarta Post): A study by the State Intelligence Agency (BIN) has warned that the novel coronavirus pandemic in the country may reach its peak in the next three months, culminating to more than 106,000 cases by July, says Indonesia’s COVID-19 rapid response task force.
F&B operators navigate through MCO to sustain business
KUALA LUMPUR: As the Movement Control Order (MCO) entered its 18th day on Saturday, food and beverage (F&B) businesses across the country, from cafe and restaurant owners to big-name fast-food outlets, manufacturers and retailers continue to feel the impact of the measures to minimise the spread of Covid-19.
SOS: Five prominent hotels in Melaka expected to close down in May
MELAKA: Five well-known hotels in the historic city of Melaka are expected to shut down for good in May.
Prihatin stimulus package does not reach women who are most at risk
A Letter from Women's Aid Organisation.
How dividend stocks behave during a recession
Recessions and bear markets are almost a shoo-in for long-term investing. While we will never be able to guess its exact timeline, what’s certain is that it is around the bend, particularly after an 11-year bull run since the 2008 financial crisis.
Waiting game for construction sector
THE East Coast Rail Link (ECRL) and the Mass Rapid Transit 2 (MRT2) projects will proceed. But worries that some mega infrastructure projects could be reviewed or delayed, given the government’s stretched finances, have cast uncertainty over the construction sector.
AirAsia’s burden adds on with asset-light strategy
AIRASIA Group Bhd has quite a bit going for it. It has cash, RM2.59bil of it, a strong business model and a brand-name that naturally is a crowd-puller in any markets it ventures.