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China's services sector expands at a slower pace
BEIJING: China's services sector activity expanded at a slower pace in December, a private sector survey showed on Wednesday, as sporadic coronavirus outbreaks tempered the recovery in consumer confidence and weighed on new business growth.
South Korea ambassador shares his ‘to do list’
IT has been just over a year since Lee Chi-beom took up his posting as South Korea’s Ambassador to Malaysia.
Singaporeans go on holidays – at home, and in the air
SINGAPORE: Whether it’s chartering a private jet for a flight to nowhere or hiring a luxury yacht, some in Singapore are going to extraordinary lengths to cure the cabin fever that’s set in as a result of the Covid-19 pandemic.
Singapore seeks local boost for tourism sector facing existential crisis
SINGAPORE: Singapore's tourism sector is facing an existential crisis, its tourism board chief said on Wednesday, laying out plans to boost local demand after a collapse in visitor arrivals due to Covid-19 travel restrictions.
Genting Malaysia to regain revenue by 2Q next year
PETALING JAYA: The reopening of Resorts World Genting (RWG) last week will sustain Genting Malaysia Bhd’s (GeNM) present valuations, despite a deliberate slow ramp-up
Oil climbs above US$34 on hopes market may balance in coming weeks
OIL rose above US$34 a barrel following a prediction from Russia that the market may rebalance as early as next month after historic output cuts from global producers to drain a glut.
Australia's GDP to shrink 10% in 1H 2020, says RBA Governor
SYDNEY: Australia will suffer its biggest economic contraction since the 1930s in the first half of 2020 due to coronavirus-driven mobility restrictions, the central banker governor said on Tuesday.
Singapore set to announce more support as virus cases grow
SINGAPORE: Singapore will unveil additional support for businesses and households today, less than two weeks after announcing a S$48bil (RM145.4bil) stimulus package to buffer the impact of the coronavirus (Covid-19).
Total vehicle sales to fall
PETALING JAYA: Total vehicle sales could plunge 20% this year, as the Covid-19 crisis wreaks havoc on the auto industry.
Malaysia growth seen as low as 2% on ‘triple whammy’ of troubles
KUALA LUMPUR: Malaysia’s economy is set to grow at its slowest pace since the 2009 financial crisis as it struggles with a trio of troubles: coronavirus, oil-price crash and political upheaval.
