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BEIJING: China plans to take over indebted conglomerate HNA Group Co and sell off its airline assets, the most dramatic step to date by the state to contain the deepening economic damage from the deadly coronavirus outbreak. HNA-related shares rose.
HONG KONG: A growing number of China’s private companies have cut wages, delayed paychecks or stopped paying staff completely, saying that the economic toll of the coronavirus has left them unable to cover their labour costs.
SEOUL/BEIJING (Reuters) - The streets of South Korea's fourth-largest city were abandoned on Thursday, with residents holed up indoors after dozens of people caught the new coronavirus in what authorities described as a "super-spreading event" at a church.
HONG KONG (Bloomberg) -- A growing number of China’s private companies have cut wages, delayed paychecks or stopped paying staff completely, saying that the economic toll of the coronavirus has left them unable to cover their labor costs.
SINGAPORE: Singapore pledged billions of dollars in its budget to counter the economic fallout from the coronavirus outbreak, before elections due by next year.
PETALING JAYA: It is too premature to offer rental rebates to retailers as further monitoring is needed to assess the impact of Covid-19, says Malaysia Shopping Malls Association (PPKM).
GEORGE TOWN: The global impact of the Covid-19 outbreak continues to ruin businesses, including those in the event management field, with some companies claiming thousands of ringgit in losses.
PETALING JAYA: The Malaysia Shopping Malls Association (PPKM) says it is too early to offer rental rebates to its tenants or retailers, and that further monitoring is needed to assess the impact of the Covid-19 coronavirus on the Malaysian retail sector.
KOTA KINABALU: The sight of nearly empty shopping malls and seafood restaurants in the state capital is causing sleepless nights among tourism players.
PETALING JAYA: Retail associations have urged shopping malls and shoplot owners to give their tenants rebates to help them ride out the effects of the Covid-19 outbreak.The groups are hoping that tenants are given rental rebates of between 30% and 50% for the next six months, saying that business has dropped since the outbreak.