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THE Covid-19 pandemic is stretching companies to their limits.
Japan’s new prime minister will pursue economic structural reforms through a mixed bag of policies that target specific industries, rather than a grand strategy to reshape society and boost long-term growth.
JAKARTA: The Asia-Pacific region risks a damaging financial crisis from a surge of non-performing loans caused by rising insolvencies, a senior official from the World Bank Group's private sector arm said on Thursday.
LONDON: The global economic slump won’t be as sharp as previously feared this year, though the recovery is losing pace and will need support from governments and central banks for some time yet, according to the OECD.
For those who travel to the United Kingdom, Malaysians who arrived after Aug 11 do not need to self isolate as Malaysia is now considered a “safe” country. Countries with low Covid-19 infection rates are rated accordingly but the decision can be reversed when the infection rates go up like they did in France and Spain.
LONDON: Chancellor of the Exchequer Rishi Sunak is putting two million viable jobs in peril by ending his coronavirus jobs support programme too early, risking an unnecessary unemployment crisis, according to a think tank.
LONDON: UK Prime Minister Boris Johnson’s government faces a coronavirus dilemma, and how it responds could set the tone of the economy for years to come.
SYDNEY: Australia faces an avalanche of business failures in its transport and hospitality sectors after government subsidies end in September, insolvency lawyers and economists say, while some argue that so-called “zombie” firms should be allowed to fail.
It leads to the survival of ‘zombie’ companies and gives false sense of comfort