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SHANGHAI: Brigita, a director at one of China’s largest car dealers, is running out of options. Her firm’s 100 outlets have been closed for about a month because of the coronavirus, cash reserves are dwindling and banks are reluctant to extend deadlines on billions of yuan in debt coming due over the next few months. There are also other creditors to think about.
DIGITALISATION has swept through Southeast Asia to become a focal point for companies, especially small and medium enterprises (SMEs) in a competition to be at the forefront of the digital rat race.
IT IS a known fact that there is a lack of interest in Malaysian stocks.
KUALA LUMPUR: Tabung Haji's four operating hotels, which were transferred to Urusharta Jamaah Sdn Bhd (UJ), will operate under a new name of Raia Hotel from April 1 and the staff would be absorbed.
FOLLOWING two weeks of selloff of equities sparked by the coronavirus outbreak, the breach in support levels finally snapped – the fragile FBM KLCI tumbled to briefly hit its eight-year low of 1,521 on Feb 3 – a level last seen on Jan 31,2012.
WASHINGTON: The International Monetary Fund (IMF) supports China's efforts to tackle the novel coronavirus outbreak, and is confident that China's economy "remains resilient," IMF Managing Director Kristalina Georgieva said Monday.
SHANGHAI:- Some technology firms in China have maintained operations to manufacture parts and products despite government calls in various cities and provinces for companies to halt work to help stop the spread of a new coronavirus.
BEIJING/MANILA: The first death from the coronavirus outside of China was reported on Sunday and the Beijing government took steps to shore up an economy hit by travel curbs and business shut-downs because of the epidemic.
PETALING JAYA: Digital will continue to energise adspend growth in Malaysia and is forecast to grow 17.2%, reaching US$522mil and 37.7% share of total market spend this year, according to the latest global forecast by Dentsu Aegis Network.
ABOUT eight out of 10 small businesses fail within the first 18 months of opening their doors.