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Multinationals boost presence in China
BEIJING (China Daily/ANN): As Covid-19 continues to take its toll on global health and economies, most multinational corporations operating in China are bucking a trend seen in many parts of the world.
Standard Chartered to streamline business, cut senior roles
LONDON: Standard Chartered said on Thursday it would merge several of its businesses and reduce the number of top executives as the Asia and Africa-focused bank seeks to trim costs and create a leaner business.
‘No commitment yet from Khazanah’
PETALING JAYA: Malaysia Airlines Bhd has clarified that it has not received any commitment by sovereign wealth fund Khazanah Nasional Bhd for a RM5bil funding.
Covid-19: Yelp cuts mark ‘first wave’ of tech jobs seen lost to pandemic
A flurry of job cuts announced this week by Yelp Inc, Eventbrite Inc and Toast Inc serves as a stark reminder of the deepening toll that the global coronavirus pandemic is taking on parts of the technology industry dependent on the people-to-people interaction that’s now come to a standstill.
FGV earnings likely to continue improving on robust CPO prices
KUALA LUMPUR: FGV Holdings Bhd (FGV) earnings are expected to continue to improve on the back of its strong fourth quarter results, higher crude palm oil prices and as its transformation plans bear fruit, according to brokerage firms.
Profits are peaking for the world’s most lucrative mobile games
More than a decade ago, Japan pioneered ways to profit from mobile games with a technique called gacha, which nudged players to spend lavishly on acquiring special characters or mighty weapons. Now developers, publishers and analysts say the trailblazers have peaked and their future is one of steady decline.
Temporary salary cut for Thai airline boss, top execs
BANGKOK (The Nation/ANN): Thai Airways International (THAI) will announce a reduction in salaries and other perks of between 15 and 25 per cent for executives from president down to trim costs following the impact from the novel coronavirus outbreak.
World’s most expensive bank cuts back on water to trim costs
JAKARTA: Weeks after Armand Wahyudi Hartono became the vice-president director of Indonesia’s largest non-state bank, he noticed how staff were leaving half-empty glasses of water after work. The next morning, he restricted the amount of drinking water available at PT Bank Central Asia’s headquarters.
UBS is cutting banking jobs in Asia
HONG KONG: UBS Group AG is cutting about 40 jobs in the Asia-Pacific region as part of a global push to trim costs and combine its trading units, according to a source.HONG KONG: UBS Group AG is cutting about 40 jobs in the Asia-Pacific region as part of a global push to trim costs and combine its trading units, according to a source.
