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China economy czar vows support for tech firms after crackdown
BEIJING (Bloomberg): China’s top economic official gave an unusual public show of support for digital platform companies Tuesday (May 17), suggesting Beijing may be ready to let up on a year-long clampdown on technology giants as it battles a slowing economy.
Indonesia relaxes mask mandates, scraps traveller testing rule
JAKARTA (Bloomberg): Indonesia will make wearing masks outdoors optional and remove testing requirement for fully-vaccinated overseas travelLers as the local virus situation improves.
Duopharma net profit rises 15% in 1Q
KUALA LUMPUR: Duopharma Biotech Bhd’s net profit rose 15.2% to RM20.29mil in the first quarter ended March 31 against RM17.61mil a year ago on higher sales.
Shanghai hits prized 'zero Covid' status but lockdown lingers
SHANGHAI/BEIJING (Reuters): Shanghai achieved its long-awaited milestone of three consecutive days with no new Covid-19 cases outside quarantine zones on Tuesday (May 17) but most residents will have to put up with confinement for a while longer before resuming more normal life.
Philippine province lifts open-pit mining ban, paves way for Tampakan project: official
COTABATO, Philippines (AFP): A Philippine provincial government has lifted a ban on open-pit mining, removing the final regulatory obstacle for a long-delayed copper and gold project in the country's restive south, a senior official said Monday (May 16).
Mekong Tourism Forum set for October
PHNOM PENH (The Phnom Penh Post/Asia News Network): The Mekong Tourism Forum is set to be held in Hoi An, Vietnam from October 3-8, the Mekong Tourism Coordinating Office (MTCO) has announced, and is expected to contribute to revitalisation and boosting of the Greater Mekong Subregion’s (GMS) hard-hit tourism sector.
Oil prices inch lower as EU's Russian oil ban stalls
SINGAPORE: Oil prices inched lower on Tuesday as Hungary resisted a European Union push for a ban on Russian oil imports, a move that would tighten global supply, with investors taking profits on a recent rally.
Flight health protocols must be consistent, simpler to aid aviation recovery, says Dr Wee
PETALING JAYA: Health protocols for flights must be consistent, simpler and predictable to ensure smooth and full recovery in the aviation industry, says Datuk Seri Dr Wee Ka Siong.
China's Covid controls will impact foreign investment for years: US lobby
SHENZHEN (Reuters): China's strict Covid-19 controls will hamper foreign investment into the country for years to come as limits on travel block the pipeline for projects, the President of the American Chamber of Commerce warned on Tuesday (May 17).
Local hotel occupancy rate rises as Malaysians fulfil pent-up travel demand
Pent-up demand for travel among Malaysians has led to an increase in local hotel occupancy rate during the recent holidays, according to a hospitality chain company.
