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HONG KONG: Bank of East Asia Ltd (BEA), which counts Guoco Company Management Ltd as a substantial shareholder, has decided to initiate a sale of its insurance business and is seeking a strategic partner for its mainland China business following a review of its portfolios and assets.
WASHINGTON, Sept. 3 (Xinhua) -- The U.S. services sector expanded in August for the third consecutive month, but the pace of growth slowed, the Institute for Supply Management (ISM) reported Thursday.
JAKARTA (The Jakarta Post/ANN): Indonesia’s manufacturing activity has shown signs of improvement for the first time since February, but risks remain as new Covid-19 clusters emerge in factories and industrial areas and as household spending remains weak.
SEOUL: South Korea's manufacturing activity shrank at the slowest pace in six months in August as global demand gradually improved after the easing of coronavirus lockdowns, but a resurgence in domestic infections could threaten the recovery.
PETALING JAYA: While most companies are back in business, the risk of further layoffs remains, particularly for small businesses, as the automatic loan moratorium period comes to a close at the end of this month.
KUALA LUMPUR, Aug. 28 (Xinhua): Malaysian businesses remain cautious of their business performance for the third quarter, with a survey showing the confidence indicators that summarise overall business situation view continued to fall 21 per cent amid the Covid-19 outbreak.
TOKYO: Japan's manufacturers were their least pessimistic in four months in August, the Reuters Tankan survey of business sentiment showed on Tuesday, but signalled a slow recovery from the coronavirus pandemic.
OVER the past month, most of the retail- and hospitality-based real estate investment trusts (REITs) had announced their quarterly results for the second quarter (Q2) period and the underlying picture is that these REITs are under pressure, brought about by the movement control order (MCO) as well as sluggish growth during the recovery MCO (RMCO) period.