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BANGKOK: Thailand’s economy faces fresh turbulence after China banned outbound group tours to try and limit the spread of the novel coronavirus that’s sickened thousands. Chinese holidaymakers -- many on group tours -- spent almost US$18bil in Thailand last year, more than a quarter of all foreign tourism receipts, government data show.
KUALA LUMPUR: FGV Holdings Bhd and South Korea’s Samyang Food Co Ltd’s proposed tie-up for the latter’s setting up of a halal production plant in Malaysia will not go ahead.
BEIJING: China's leading liquor maker Sichuan Swellfun Co reported soaring growth in net profits in 2019 due to skyrocketing sales, the company has said.
SINGAPORE: Singapore Exchange Ltd. will acquire a majority stake in Scientific Beta Pte., an index provider for products enabling investors to track market themes, an increasingly significant trend in global fund management.
JAKARTA: A crisis of confidence is brewing in Indonesia’s mutual-fund industry after some asset managers created products that invested in tiny, illiquid stocks, which have plunged in value.
JAKARTA: Indonesia’s market regulator suspended five stocks from trading, stepping up a crackdown against volatile shares linked to a liquidity crisis at the nation’s oldest insurer.
BENGALURU: International Business Machines Corp forecast full-year profit above market expectations on Tuesday after reporting surprise growth in quarterly revenue, boosted by its high-margin cloud computing business, sending its shares up more than 4%.
PETALING JAYA: Scomi Energy Services Bhd has been designated as a Practice Note 17 (PN 17) company after Bursa Malaysia rejected its waiver from being classified as an affected listed issuer.