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KUALA LUMPUR (Xinhua): Bank of China launched the cross-border UnionPay QR Code payment service Thursday (July 9) in Malaysia to build a more convenient and seamless solution for local customers to perform cross-border payment.
BANDAR SERI BEGAWAN (Xinhua): Brunei recorded 8 per cent car sales growth in the first five months of this year, the highest in Asean countries, the latest statistics from Asean Automotive Federation show.
KUALA LUMPUR: AirAsia Group Bhd, which plans to shore up its liquidity to ensure sufficient cashflow, has received support from certain financial institutions for its funding request of more than RM1bil.
SINGAPORE (The Straits Times/ANN): Singapore clinched three of the top five private equity and venture capital deals struck in the region in the first quarter amid markedly slower economic activity across South-east Asia due to the pandemic.
KOTA KINABALU: Tourism players in Sabah are urging for the extension of stimulus assistance packages to ensure the sustainability of the industry amid a drop in business due to the Covid-19 pandemic.Malaysian Association of Tour and Travel Agents (MATTA) president Datuk Tan Kok Liang said apart from boosting travellers’ confidence via the adoption of strict hygiene standards, it was also vital to boost cash flow for players.
KUALA LUMPUR: Malaysia ranks third in cancer preparedness in the Asia Pacific region, according to a report released by The Economist Intelligence Unit (The EIU).
JAKARTA (The Jakarta Post/ANN): Indonesia will benefit from the diversification of the global supply chain as multinational companies are looking into ways to reduce reliance on China to manufacture their supplies following the outbreak of Covid-19, Southeast Asia’s largest bank DBS has said.
KOTA KINABALU: Tourism players in Sabah are urging for an extension of stimulus assistance packages and fund injections to ensure sustainability of the industry and its players amidst a huge drop in business due to the Covid-19 pandemic.
TOKYO (The Straits Times/ANN): Japan views Asean as a potential strategic partner in the crisis-proofing of its economy, whose vulnerabilities such as an over-reliance on Chinese imports and domestic manufacturing were exposed during the Covid-19 pandemic and past natural disasters.
PETALING JAYA: Diverging trends in the distribution of incomes, a practice embedded in societies throughout time, have exacerbated in recent decades, opines Malayan Banking Bhd (Maybank) group president and chief executive officer Datuk Abdul Farid Alias