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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.
JAKARTA (Bloomberg): Indonesia will make wearing masks outdoors optional and remove testing requirement for fully-vaccinated overseas travelLers as the local virus situation improves.
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/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.
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).
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.
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.
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.
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).
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.