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HONG KONG: They’re both pillars of their economies, highly regarded by customers and totally reliant on international travel. They’re also in deep financial strife and shedding thousands of jobs because of the virus crisis.
FOR an airline built in an era of globe-spanning cosmopolitanism, a pandemic that’s shut the world’s borders is particularly brutal
SYDNEY: Hong Kong's Cathay Pacific Airways Ltd said on Wednesday it would cut 5,900 jobs and end its regional Cathay Dragon brand as it grapples with a plunge in demand from the coronavirus pandemic.
SYDNEY: Hong Kong’s Cathay Pacific Airways Ltd said it welcomed all employee ideas to get it through the pandemic after pilots pushing to be included in restructuring talks ran a newspaper advertisement to drum up public support.
KUALA LUMPUR: The ringgit opened flat against the US dollar in the early session today with the greenback remaining firm amid dovish European Central Bank’s (ECB) policy stance.
KUALA LUMPUR: Revenue Group Bhd and Hong Leong Bank Bhd are collaborating to enable Singapore's NETS cardholders to shop in Giant and Guardian outlets in Malaysia.
DUBAI: SumUp Inc, a six-year-old electronic payments startup, secured a ?330mil (US$371mil) loan, backed by Bain Capital Credit, Goldman Sachs Private Capital and others to fuel its expansion.
KUALA LUMPUR: JF Apex Research expects Berjaya Land Bhd, Axis Real Estate Investment Trust (REIT), Chin Hin Group Bhd, Pegasus Heights Bhd and Omesti Bhd to be among the stocks to watch on Tuesday.