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Which bills will you stop paying first in this shutdown
WHAT’S more important: a roof over your head or a car in your driveway? With unemployment rising as the coronavirus shuts down parts of the United States economy, the decision made by borrowers as their payments come due will determine how securities backed by auto loans and leases perform.
Goodpack sale suspended
SINGAPORE: KKR & Co is suspending its planned sale of Goodpack Ltd, a Singaporean provider of intermediate bulk containers, after bids fell short of expectations, according to people familiar with the matter.
Job termination sends Yinson shares lower
PETALING JAYA: Yinson Holdings Bhd has started to see selling pressure following the termination of its proposed contract to operate a vessel for Aker Energy Ghana Ltd’s Pecan project in Ghana.
Malls face RM2bil losses
PETALING JAYA: Malaysian shopping malls could face losses north of RM2bil as a result of business disruptions caused by the movement control order (MCO), which has been extended to deal with the Covid-19 pandemic.
Thai Airways may cut some plane types for good
BANGKOK: Thai Airways International Pcl may permanently reduce the number of aircraft types it deploys once the coronavirus outbreak that has caused the company to ground most of its fleet ends, said a senior government official.
Stimulus packages avert 1930s-style depression
WHEN the conoravirus (Covid-19) first hit the news sometime in December last year, nobody would have thought that it would lead to a global crisis. Two weeks ago, many were staring at a 1930s kind of depression as the world was hit by the perfect storm.
Covid-19: eScooter companies pull out of cities worldwide amid pandemic
Dockless scooter companies charged into cities in 2018, promising a mobility revolution with cheap, clean rides and billions in venture capital backing. Yet they soon faced roadblocks, including shaky business models, safety concerns, and fast-moving city regulators. At the start of 2020, cash-losing operators were shrinking their headcounts and vehicle fleets.
Call to cancel Ramadan bazaars to stop spread
JOHOR BARU: Organisers of Ramadan bazaars in Johor are urged to consider cancelling or postponing them due to Covid-19.
Covid-19: Terengganu announces phase two stimulus package to ease financial burden
PETALING JAYA: Terengganu has deferred government loan servicing and rental payments for two months starting April, says Datuk Seri Dr Ahmad Samsuri Mokhtar.
Germany will block foreign takeovers to avoid economy sell-out
BERLIN/FRANKFURT (Reuters) - Germany will protect domestic firms from foreign takeovers, two leading politicians said on Friday, after company valuations in Europe's largest economy have been hammered by the coronavirus pandemic.