BusinessSunTimes
ECB hawks press case for more rate hikes to fight inflation
Germany, Japan seek economic cooperation
Better Internet connectivity for Sarawak with a new submarine cable to...
PETRONAS inks MoU with Philippines’ Phoenix Petroleum
Chinese coffee giant apologizes for fabrication of sales
China’s claim on Spratly violated Philippine sovereign rights, World court says
The Permanent Court of Arbitration (PCA) said that the Philippine sovereign rights were violated by China as it illicitly claimed jurisdiction over the Spratly Islands. In 2016, the tribunal officially declared that the Philippines has exclusive sovereign rights over the controversial West Philippine Sea (South China Sea), clearly invalidating China’s “nine-dash” demarcation line. Documents released by the world […]
Extension of coronavirus travel ban worsens Thai Airways problems
South Korean exports jump as employees worldwide work from home
Japanese tech giant Softbank launches 5G service
Quantum Computing Breakthrough: China’s Jiuzhang Performs AI Tasks 180 Million Times...
“Coronavirus is China’s fault,” say global officials
Fears on global medicine shortage grow as coronavirus hit supply chains
The continued closure of factories in China due to the coronavirus threatens the supply of medicines worldwide as the production of active pharmaceutical ingredients were disrupted. China is the world’s largest maker of drug ingredients and particularly supplies those used for treating diabetes, blood pressure, headaches and fevers. With this, the Government of India has limited the […]
Poland-Ukraine ties seen as a target of Russian disinformation
Gaming giant Minecraft offers free educational lessons amid coronavirus lockdown
Economists: Global market is already in recession due to coronavirus pandemic
TM, ZTE Malaysia team up to build hybrid cloud 5G core...
Standard Chartered Malaysia Launches SmartStocks
The US, EU sign data transfer deal to ease privacy concerns
Singapore to issue “stop-work order” to companies that do not allow...
Asia’s US$350bil gas projects intensify the clean energy debate.
India emerged as 5th world’s largest economy with $2.94 trillion GDP
Another pandemic? Fears grow as China reports case of Hantavirus
High energy costs trigger unrest in parts of Europe.
Ukraine war drives the US, EU deal to undercut Russian energy
Cyberattack in Ukraine war affected thousands across Europe.
Asian markets surge as central banks signal support
Share prices in Asia got an unexpected boost following the commitment of the Bank of Japan and the U.S. Federal Reserve to help protect markets from the damaging impact of the coronavirus. The Asian markets reversed early losses as investors put their hopes on a harmonized global monetary policy response. BOJ Governor Haruhiko Kuroda, in a rare […]
SpaceX launches 3 visitors to the space station for $55M each
Intel unveils $88B chipmaking expansion plan for Europe.
Biden, Modi to speak as US presses for a hard line...
IAEA sends staff to all Ukraine nuclear plants in safety bid
Iranian Soleimani’s death served “American Justice,” says President Trump
Taiwan President wants China to “face reality and show respect”
US seeks tighter UN sanctions after N. Korea missile test
S&P downgrade indicates Russia headed for historic default
Trudeau reaches deal to keep his party in power till 2025
Japan and South Korea to continue discussions over export controls
TV makers stun CES 2020 with super HD units
Malaysia not going into recession, growth set to continue in 2023:...
Budget 2023 will be among the focus for the 15th Malaysian...
Bursa Malaysia announces 21 additions to F4GBM index constituents
Europe bans Russian diesel, other oil products over Ukraine
Three nations to be largest sovereign sukuk issuers
Dutch brewer Heineken invests US$183 million for Brazil plant expansion
CIA director visits Kyiv, meets with Ukraine’s Zelenskyy
Crude oil prices stay muted in 1H amid altered oil flows...
Global airlines brace for $113 billion revenue hit from coronavirus
The International Air Transport Association (IATA) has announced a dramatic increase in the damage of the coronavirus to the global airline industry. It said the losses in sales could reach up to $113 billion if Coronavirus Disease 2019 (COVID-19) continues to spread. This amount is way too high from what IATA previously expected in lost […]
Amazon closes $8.5B deal to acquire Hollywood studio MGM.
War censorship exposes Putin’s leaky internet controls
China investment will boost green economy in Malaysia, says biz leader
US forces returning to Philippines to counter China threats
UN chief: Don’t let Russia crisis fuel climate destruction.
European inflation soars to a record 7.5% on fuel, food costs.
Asia-Pacific leaders condemn war, renew calls for open trade
Activists stage global climate protest, slam Ukraine war.
IMF, World bank express readiness to lend amid virus crisis
The International Monetary Fund (IMF) and the World Bank have already developed contingency plans to be able to provide funding to the global fight against the coronavirus (COVID-19). IMF spokesman Gerry Rice said that the institutions are willing to lend capital should any state government requests for assistance. “We have various financial instruments that could […]
China accepts help from int’l experts as coronavirus worsens
Hyundai to produce flying taxis for Uber
India implements stricter visa rules amid coronavirus
Biden will travel to Europe for Ukraine talks: White House
War in Ukraine to hurt poor nations importing grain: UN warned.
Bank Negara issues exposure draft on licensing and regulatory framework for...
Internet speed slows down globally due to coronavirus
Malaysia exports rise 9.8% to RM204.99bil in Feb
UK inflation hits a 30-year high of 6.2% as Sunak readies...
EU officials visit Kyiv as Russia strikes civilian target
Finland, Sweden move ahead toward possible NATO membership
The US doubts the new Russian war chief can end Moscow’s...
International trade rises as commerce ministry lays out 2023 plans
Japanese retail giant Uniqlo reopens stores in China
European banks allow delays in mortgage payments to soften coronavirus impact
Hong Kong once again ranked as world’s freest economy
Biden waiving the ethanol rule in a bid to lower gasoline...
Malaysia attracts RM264.6bil approved investments in 2022, 2nd largest ever recorded:...
UN to vote on suspending Russia from the rights council.
Honda to halt production in the Philippines, leaving 400 Filipinos jobless
Japanese automobile maker Honda announced that it will close its production plant in Laguna, Philippines by March to meet customers’ needs through “efficient allocation and distribution of resources.” “As such, after consideration of optimization efforts in the production operations in Asia and Oceania region, Honda decided to close the manufacturing operations of HCPI (Honda Cars Philippines […]
Brunei gets top ranking for business regulation from top international economic...
EU eyes Russian officials, banks, industry for sanctions.
Indonesia’s Asean presidency to focus on economic growth, says senior minister...
US drugmaker Moderna submits coronavirus vaccine for testing
After only six weeks of immunization development, biotech firm Moderna Inc. has shipped the first batch of its experimental coronavirus vaccine to the National Institute of Allergy and Infectious Diseases (NIAID) of the United States. The vaccine, called mRNA-1273, is said to be the first vaccine that will be used by American researchers in a […]
Guyana OKs Exxon’s $10B Yellowtail offshore oil project.
Arizona Gov. Ducey hails Taiwan semiconductor investment
Taiwan’s Air Force General went missing after helicopter crash landing
Asia stocks edge up despite global growth worries.
Google offers $340 million in Ads credits to help small businesses
Hundreds Of thousands hit Pakistani streets to protest Imran Khan’s ouster
A “Prototype City of the Future” will rise in Japan, says...
Ex-Microsoft Engineer face fraud charges
A Former Microsoft Engineer named Volodymyr Kvashuk has been convicted of fraud that could put him in federal prison for up to 20 years. The U.S. Department of Justice (DOJ) said that the conviction covers 18 federal felonies which include five (5) counts of wire fraud, six (6) counts of money laundering, two (2) counts […]
EU slams ‘war crimes’ in Ukraine but new sanctions unlikely
The U.S. imposes fresh sanctions on Russia over the Ukraine invasion.
Cathay Pacific to pay almost $1M fine over passengers’ data leak
Hong Kong’s flagship airline Cathay Pacific Airways was fined with $970,000 for a data breach that exposed personal information of millions of passengers. Authorities said that the carrier failed to protect the details of 9.4 million people as their names, passport details, dates of birth, phone numbers, addresses and travel history were leaked in the company’s […]
World Bank official says war-driven oil price hikes to slash growth...
The US to seek Russia’s suspension from Human Rights Council.
Apple’s acquisition of weather app Dark Sky is sad news for...
China’s TCL to stop release of BlackBerry phones
Hope fading as deaths in Turkey, Syria earthquake surpasses 15,000
UN worries about unemployment of 470M people worldwide
Apple will pay $500M in iPhone-throttling settlement
United States’ technology giant Apple has agreed to pay up to half a billion dollars to settle litigation claiming that it slowed down old models of iPhones to compel users to upgrade. Based on reports, Apple is required by the US District court to pay consumers an amount of $25 per affected device, totaling to […]
US-Iran tensions put world market on edge
Canada condemns Russia and China over vetoed Syria aid
Snowstorms hit Afghanistan, Pakistan killing 54 people
Starbucks sales hit as 2,000 stores in China shut amid coronavirus
World’s largest coffee chain Starbucks closed more than 2,000 branches in China and became the first major American company to warn of sales hit due to the deadly coronavirus. Reports claimed that the figures represent half of Starbucks’ total stores in China, its biggest market outside the United States. It was in 1999 when Starbucks […]
Global authorities warn of fraud and scam amid coronavirus pandemic
South Korea chip inventory climbs the fastest in 27 years
Deutsche Bank fights to get back image
Australia pledges additional $80 billion coronavirus stimulus to rescue jobs
Germany seeks to boost renewable energy and cut Russian imports.
Europe agrees to ban Russian coal but struggles with oil, gas
Biden pledges new Ukraine aid warns Russia on chemical weapons.
Bursa Malaysia snaps losing streak, ringgit weakens to 4.5028
Vietnam lures US$3.1 billion in FDI in first two months of...
Malaysian banks’ loan growth to stay at 5-6% in 2023 on...
Japan, US hold navy drills off Koreas amid nuke test worry
Global semiconductor equipment sales to hit record US$108.5bil this year
Thai regulations hurdle Tesco’s sale of Asian assets
Greenhouse gas emissions rose in Rhode Island.
KLCI falls as investors take profit, ringgit at 4.4760
Volcano eruption won’t hit Philippines GDP, says Economist
Asian shares rise ahead of Fed decision on rate hike
EcoWorld in end-financing tie-up with Public Bank
China’s new coronavirus hits global markets
Australia wards off recession through $11 billion stimulus package
UN assembly suspends Russia from top human rights body
IBM partners with new chipmaker Rapidus to make up lost ground
British airline Flybe maintains operations amid collapse threat
Carmakers focus on selling online to cope with virus impact
Giant automakers like BMW, Mercedes-Benz and Tesla are trying to boost their revenues by ramping up their online presence amid the coronavirus outbreak. Most Chinese plants and factories were shut down to contain the outbreak, hardly hitting the sales of automobile industries. While people in the mainland choose to stay indoors and stay away from […]
Asia stocks extend losses as Ukraine war, China’s covid-19 surge hit...
Tsai Ing- Wen claims victory in Taiwan presidential race anew
What to expect next as US-China trade deal gets inked
Philippines’ gateway ports clogged due to COVID-19 lockdown
Britain’s oldest department store at closure risk
Vietnamese government want to begin construction of new international airport this...
Fire and Rain: West to get more one-two extreme climate hits.
Congress votes to suspend Russia’s trade status, enact an oil ban
Furniture company IKEA to pay $46 Million settlement to family of...
Japanese postman faces criminal charge for keeping 24,000 mails at home
A 61-year-old former postman in Japan might be sentenced to three years imprisonment or be fined of about 500,000 yen ($4,600) after reportedly keeping 24,000 letters at his home. The Japanese authorities found the undelivered mails in the man’s house in the Kanagawa Prefecture, near Tokyo. The unnamed man admitted the wrongdoings for the reason […]
Biden approves $800M in new military assistance for Ukraine
Asian stock markets mixed ahead of latest US jobs reading
Emirati app ‘Totok’ returns to Google Play Store after spying charges
Global stock markets stumble as coronavirus pandemic spreads
Filipinos raise concerns over ‘enhanced community quarantine’ amid coronavirus
Franchise sales to increase to RM23bil by 2025
Malaysia maintains stock trading amid coronavirus lockdown
Council of Europe expels Russia from human rights body.
Demand for Malaysian gloves soar as coronavirus spreads
The Malaysian Rubber Glove Manufacturers Association (MARGMA) said the global demand for their products has greatly increased following the outbreak of the novel coronavirus that originated from Wuhan, China. MARGMA President Denis Low confirmed that they have received an urgent request from China to deliver adequate supplies of medical gloves which will be primarily used in […]
Huawei’s lawsuit challenging US purchase ban rejected
Biden bans Russian oil, warns of higher prices at US pumps.
Amazon employees warned of being fired for speaking out environmental issues
Japanese drugmaker strives to develop coronavirus treatment
Japan’s largest drugmaker Takeda Pharmaceutical Company announced that it is currently developing a drug that could treat the coronavirus infection. Takeda is working on a kind of “plasma-derived therapy” that has been proven to cure severe acute viral respiratory infections and might as well be effective for the Coronavirus Disease 2019 (COVID-19). The researchers said […]
EU approves new sanctions against Russia over Ukraine war
Amazon becomes “go-to” e-commerce site amid coronavirus
Zelenskyy evokes Holocaust as he appeals to Israel for aid.
Three Malaysian execs face money laundering charges
Malaysian companies urged to reduce plastic use to clean oceans
Telenor and Axiata win key approval for multi-billion dollar Malaysia tie-up
Australia saves wildlife by airdropping food
Chinese companies urge workers to ‘work from home’ to contain virus...
A number of businesses in China are encouraging their employees to maximize the longer holidays by staying at home or if necessary, just work in their respective abodes. BBC reported that the Chinese government has earlier announced the extension of the Lunar New Year holiday by 3 days to next Sunday. All these initiatives by […]
Malaysia Banks to be held up by resilient earnings
Hong Kong protesters returned to streets on Christmas Day
Thailand weeps for 29 people killed in mass shooting
Australian PM Scott Morrison faces anger for taking Holiday amid bushfire...
British grocery chain Tesco ends production at Chinese factory over forced...
UK regulator revokes license of Russia-backed broadcaster RT.
The U.S. reinstates 352 product exclusions from China tariffs.
EU to mobilise RM47bil for Asean investments
WHO says 99% of the world’s population breathes poor-quality air.
Singapore bank stocks hit by Credit Suisse crisis
Malaysia consumer sector expected to remain robust
2 South Korean electronics giants close plants due to virus cases
Samsung Electronics Co., Ltd. and LG Innotek have separately announced the temporary closure of their manufacturing plants in South Korea after workers tested positive for the coronavirus disease 2019 (COVID-2019). In a company statement, Samsung said that it’s Gumi factory will be closed until Sunday evening as they take all necessary measures, including disinfection, after […]
Hong Kong’s financial sector unmoved by protests
Disney’s CEO steps down, company insider to assume top post
Walt Disney Co. announced on Tuesday that chief executive Bob Iger has stepped down from the top job after more than 15 years in the service. Bob Chapek, a 27-year veteran of Disney, has been elected as the new CEO by the company’s board. While Iger will assume the role of executive chairman and will direct the […]
Grab PH suspends thousands of users over fraudulent activities
IMF set to provide $2.9 billion to help crisis-hit Sri Lanka
Boustead Plantations expects continued volatility in palm oil prices
Toyota invests $394 million in Californian taxi maker
India imposes world’s largest coronavirus lockdown
Lesotho’s first lady surrenders to face murder charges
Animal rescue groups save afflicted species in PH’s Volcano eruption
Global companies shut China operations to control virus
Airline traffic in Asia plunged in February due to coronavirus
Indonesia hikes fuel prices by 30%, cuts energy subsidies
Coronavirus hammered Hong Kong’s economy worse than protests
Asian FX, stocks rise as strong U.S. GDP data aids risk...
German Chancellor hopes to resolve dispute with Huawei
Boris Johnson: Russian win would bring ‘age of intimidation’
The US hits Russia with ‘war crimes’ sanctions, Europe following.
Tech giant Apple to open first store in India next year
Apple has been given the green light to open its first Indian store by 2021 after it received a special approval from the Government of India. The tech giant’s CEO, Tim Cook, personally made this announcement during the annual shareholders’ meeting, noting that Indian officials allowed the company to expand in their country even without […]
UK gov’t denies claims about overpriced HS2 railways
Iraq president offers to resign after rejecting PM candidate
Union President arrested amid conspiracy charge
Two more international banks tied to Huawei technologies case
India to investigate Amazon and Flipkart over alleged illegal discount practices
Tesla eyes building a Cybertruck factory in central USA
Food prices soar to record levels on Ukraine war disruptions
Hong Kong’s Cathay Pacific flags up to US$893.77 million loss in...
EU Member Brussels to revive blacklist money laundering states
China declines virus assistance from US, Taiwan
Bank of England presscon hacked, hedge funds benefited
The Bank of England’s security was breached as an audio of its press conference got hacked and was accessed by high-speed traders, minutes before the scheduled broadcast, in their attempt to make a profit advantage. Reports claim that having advance access to the audio feed of BOE Governor Mark Carney could have given hedge funds […]
Still no boss for Wells Fargo Bank
Despite criticisms, Facebook maintains policy on political ads
Lithuania cuts off Russian gas imports and urges the EU to...
Thailand, France and Mexico strengthen environmental protection with plastic ban
Uber co-founder Travis Kalanick to resign from ride-hailing giant board
Japanese couple who operated an educational institution sentenced to prison for...
Yasunori Kagoike, the former head of a Japanese institution named Moritomo Gakuen, and his wife, Junko, were found guilty of defrauding the central and local governments. The couple had been indicted for receiving public subsidies worth ¥56.4 million from the national government for the construction of an elementary school in Toyonaka, Osaka Prefecture between 2016 […]
3 Filipino church leaders accused of fraud and trafficking in US
Amazon blocks millions of products for price gouging, misleading claims about...
More than a million products were barred by online retail giant Amazon for charging much higher prices and making false claims that they can help cure the Coronavirus Disease 2019 (COVID-19). The company spokesperson firmly said that “There is no place for Price Gouging on Amazon” after it deleted face masks, respirators and other health […]
SK Hynix to invest US$11bil in new South Korea chip plant
Malaysian banks rating intact despite US bank failures – RAM Ratings
Gardenia Malaysia speaks up about viral video of product tampering
Electric car maker Tesla secures billion-worth loan to finance Shanghai Gigafactory
Facebook bans deceptive, modified media
India’s restriction on palm oil hurts Malaysian refiners
Tesla to open first European Gigafactory in Germany
2 Taiwanese electronic companies enter world’s top PC vendors
Taipei-based Acer Inc. and Asustek Computer Inc. once again made it to the list of the world’s top 10 computer manufacturers in terms of shipments.The results were released by Gartner, a global market information advisory firm, which noted that the Taiwanese PC makers maintained high rankings despite a slight decline in their shares in 2019. […]
Disney shares drop after company announced CEO replacement
Following the unexpected announcement that Bob Iger handed off his position as CEO, The Walt Disney Company’s shares fell by 2.1% on Wednesday’s premarket trading. Reuters reported that this was due to growing concerns whether newly elected top executive Bob Chapek’s experiences are sufficient to handle the media-entertainment powerhouse. “Bob Chapek has less (content experience), […]
Volkswagen hit with $34 Billion fine over diesel scandal; shares plan...
German cabin crew union threatens Lufthansa airlines with strikes after Holidays
Contractors to face charges over refurbishment of England’s Grenfell Tower
Ukrainian forces retake areas near Kyiv amid fear of traps.
India launches first-ever robot astronaut
The Indian Space Research Organization (ISRO) stole the limelight in the technology sector this week as it unveiled its first half-humanoid robot that is intended to travel space in December. Claimed to have the ability to operate as a companion, the robot was named Vyom Mitra which translates from two Sanskrit words— Vyom means Sky or […]
Wins for pro-Putin leaders buttress autocracies in Europe.
Ex-Indian President alarmed on the rise of bank scandals
Sports world mourns sudden death of Kobe Bryant
Athletes of different sports across the globe mourn the tragic death of NBA legend Kobe Bryant. He and his daughter Gianna were among the nine people killed in a helicopter crash in Calabasas, California, on Sunday. Kobe was 41 while Gianna was 13. Media reports said that basketball courts in Denver and San Antonio were […]
Int’l law firm Appleby criticized over Paradise Papers leak
Ukraine accuses Russia of the massacre, a city strewn with bodies.
Bank Negara raises OPR by 25bps to 2.5%, as expected
South Korea faces economic difficulty as virus cases climb
From only 31 cases on February 18, South Korea has confirmed a sudden increase in its coronavirus cases that reached 833 as of Monday afternoon. The government over the weekend declared that the virus alert has been raised to its highest level and intensified quarantine measures to contain the virus spread. Aside from human infection, South […]
Indian ridesharing giant launches in London
India’s travel ban on Singapore threatens tourism
The Government of India added Singapore to its travel ban list to control the deadly coronavirus outbreak. On Saturday, India released a travel advisory asking citizens to avoid non-essential travel to Singapore. Analysts say that the new advisory will restrain tourist inflow into Singapore considering that India is among its top sources of international visitors. […]
Israel’s PM Netanyahu wins landslide victory despite corruption charges
Cathay Pacific offers unpaid leave to staff amid financial loss
Gas station owner charged for $500M fraud scheme
US study finds massive errors in face recognition
Malaysia end-August palm oil stocks hit 2 million tonnes for first...
EV-related stocks advance after Tesla gets approval to import electric vehicles...
European Raiffeisen Bank International and Danske Bank investigated for money laundering
AI to combat money laundering
Two scientists with ties to China charged with fraud in the...
Filipino-Chinese businessman arrested for “pandemic profiteering”
China’s new investment law: yay or nay?
US accuses Russia of endangering nuclear arms control treaty
Airbnb’s new booking rules punish Canadians under 25s
Indonesia set to surge oil imports as global crude prices plunge
Croatia sets run off for presidential post as no candidate wins...
Experts blame China for uncontrolled rise in coronavirus deaths
Vietnam cuts gold prices due to decline in demand
China to destroy banknotes from coronavirus-hit areas
2 execs of Thai aviation industry resign amid coronavirus crisis
Filipinos struggle amid coronavirus quarantine
25 dead in India’s Citizenship Law protests
Tesla’s market value surpassed Ford’s and General Motors’
Bill Gates resigns from the Boards of Microsoft and Berkshire Hathaway
UK financial system threatened by climate change
Top investment manager says climate crisis could reshape finance
Malaysia unlikely to go into recession due to economic diversification
Australia’s bushfires hit businesses leading to more than $2 billion economic...
Macau casinos’ revenue fell 88% due to COVID-19
The world’s biggest gambling hub, Macau, has suffered a massive blow from the Coronavirus Disease 2019 (COVID-19) as the casino industry recorded its worst monthly downturn. For the month of February, Macau casinos’ revenue dropped by 88%, compared with the same period last year, due to a 15-day forced shutdown in efforts to contain the […]
Global markets rise as US nears trillion-dollars’ worth stimulus package
Chile ratifies CPTPP, a big opportunity for Malaysian businesses: Tengku Zafrul
Global stock markets slip on Christmas Eve
Amazon authorizes sellers to use FedEx after lifting its ban
Tesla plans to strengthen financial position by issuing more shares
Thailand’s 5G auction raises over 100 billion baht
Disney shuts tourism businesses in response to the coronavirus
Hongkong banks sent out ads calling for calm
Biden’s China ‘pivot’ complicated by Russia’s war in Ukraine.
Biased party-line votes lead Trump’s bogus impeachment
Chinese city put on lockdown as coronavirus death toll rises
The Chinese government on January 23 ordered to put Wuhan City on lockdown to prevent the spread of the novel coronavirus (nCov). Wuhan City, which has an 11 million population, is at the center of the SARS-like virus that killed more than a dozen of Chinese citizens and has infected hundreds of people not only […]
China criticized for failure to provide accurate details and solutions for...
Thousands of people and experts around the world are criticizing China for withholding vital details and tough measures to control the outbreak of the 2019-novel coronavirus. Chinese scientists failed to share the virus itself to the World Health Organization despite being able to publicize the genome sequence of the virus. Global experts said that if China […]
Toyota recalls 3 million vehicles due to fuel pump issues
Japanese automaker Toyota is forced to recall more than three million vehicles worldwide over fuel pump flaws that could cause the engines to fail. It has recently recalled 1.2 million line-ups of its namesake as well as Lexus models in the United States. The vehicles include cars, minivans, SUVs and trucks which have fuel pumps […]
Ambank Aids SMEs Via Strategic Partnership With PUMM
Tens of thousands protest in Berlin against the war in Ukraine
Malaysia attracts RM123.3 billion worth of approved investments for Jan-June 2022...
Sweden’s largest pension fund calls on governance code amendments to reflect...
Japan’s auto industry forms task force vs COVID-19
Japanese automakers, in coordination with the central government, have created a task force aimed at addressing the growing threat of the coronavirus outbreak to the country’s automotive industry. The COVID-19 brought wide-ranging impact on the said industry with the extended closure of auto plants in China, including Japanese manufacturers like Honda, Mazda, Mitsubishi and Toyota. According […]
Facebook files lawsuit against marketing firm for illegal access of users’...
World’s largest social media site Facebook sued a marketing company named oneAudience, that it accused of “improperly” accessing users’ personal information without their authorization. Facebook filed a federal lawsuit against the New Jersey-based firm which allegedly hired developers to install malicious software development kit, or SDK, in their apps to exploit the “login with Facebook” […]
Bank exec barred by FED for involvement in Malaysian scandal
WHO urges Asia to strengthen infection preparation as SARS-like virus spread
Founder of India’s Yes Bank faces money laundering charges
Ukraine war imperils wheat, but farmers are in no rush to...
UK’s software founder arrested for fraud charges
Smart tech maker Wyze admits leak of customer data
China and Russia scolded by the US for failure to condemn...
Telemedicine owners charged in million dollars’ worth fraud scheme
Apple won’t hit revenue forecasts due to coronavirus
Kobe Bryant merchandise sells out after tragic death
As thousands of fans worldwide mourn the loss of NBA legend Kobe Bryant; Lakers jerseys, Nike shoes and similar gears of the late superstar were sold out in online and physical stores. Nike confirmed that it completely cleared out of Bryant’s merchandise and sneakers. It denied previous reports that it pulled out Kobe’s gears to […]
“Smear campaign” against Emirati products shut by Dubai
Canadian robot detected nCov earlier than health officials
The Centers for Disease Control and Prevention and the World Health Organization have recently confirmed that the initial alert about the virus outbreak came from Canada’s “BluDot.” It is an AI-powered health monitoring platform that uses a sophisticated disease surveillance program to polish news in 65 languages, said Fox Business News. Health officials explained that […]
China’s Ant Financial applies for banking license in Singapore, joining Grab...
Auto companies struggle as China locks down “motor city”
Three automobile companies are among the businesses that were reportedly hit following the Chinese government’s decision to shut down Wuhan City which is the epicenter of the deadly novel coronavirus (nCov). Wuhan is considered as China’s “motor city” for it houses large manufacturing plants including those of the global carmakers Renault (RNLSY), Honda (HMC) and Peugeot owner PSA Group (PUGOY). As […]
EU and UK hit Russia with wider sanctions that target luxury
Malaysian economy relatively resilient in 2023, says ICAEW
World Bank President urges lawmakers to prioritize debt management to avert...
World stocks rise as Mid-East tensions wane
Volkswagen eyes settlement with customers over ‘dieselgate’ scandal
Huawei to get limited role in British 5G network
China’s telecommunication giant Huawei will only get a “limited role” in the United Kingdom’s future 5G network following the recommendation of British government officials. The lawmakers proposed the exclusion of Huawei from the sensitive and data-heavy “core” part of the fifth generation and it will also be blocked from government systems. This was decided in […]
Ukraine reports 300 dead in airstrike on Mariupol theater
Singapore core inflation cools while acceleration risks loom
Chinese supplier of Tesco claims prison labor allegations untrue
Singapore revises residency scheme to attract more investors
Singapore Airlines grounds hundreds of planes, trims 96% of capacity
UK’s Clydesdale and Yorkshire Banks hit due to customers’ wage delays
US and China vowed to resolve economic disputes through comprehensive dialogue
Uninfected passengers disembark from virus-hit ship in Japan
Italy closes majority of businesses as coronavirus cases mount
Indonesian bank trims rates to head off coronavirus impact
The central bank of Indonesia has cut its interest rates by 25 basis points to 4.75% to prevent the impact of the COVID-19 outbreak that hammers the country’s travel, tourism and trade industries. Although Indonesia has not reported any confirmed case of the deadly virus, officials are worried about the fallout from the epidemic. The closure […]
HSBC Bank in shaky relationship with Chinese Government
WTO warns of ‘real’ recession risk in some major economies
Nestle boosts reforestation in Americas to reduce carbon footprint
Swiss food giant Nestle S.A. has vowed to plant at least three million trees in Mexico and Brazil by next year as part of its reforestation initiative to help combat climate change. This serves as the first phase of the company’s plan to boost agricultural and environmental actions for the attainment of carbon neutrality by 2050. […]
WHO rejects Chinese researchers’ suggestion to prolong virus incubation period
Singapore companies cushion virus impact by imposing hiring, pay freeze
Several companies in Singapore have imposed hiring and salary freeze as they grapple with financial constraints amid coronavirus outbreak. On Wednesday, the country’s largest developer CapitaLand announced that it will suspend giving wages to employees at the managerial level and above. While its board members and senior management will take up to 15% pay […]
Malaysian fugitive Jho Low spotted in virus-hit Wuhan
The fugitive Malaysian financier Low Taek Jho, commonly known as Jho Low, was recently spotted in the coronavirus-center Chinese city according to Malaysian authorities. “Previously, we did receive intelligence that he was active in Wuhan,” said Inspector-General of Police Abdul Hamid Bador. Low is wanted for his huge role in a massive graft scandal, siphoning […]
Malaysian manufacturers of hygiene products struggle to meet surging demand amid...
Producers of disinfectants, hand sanitizers, and rubber gloves in Malaysia are struggling to provide global requests which have ballooned due to the COVID-19 outbreak, which has now claimed more than 2,000 lives in China. Channel News Asia reported that local manufacturers of sanitizing products could not produce the expected demand because they lack materials which […]
New China-Laos-Thailand train builds efficiency for China and Asean trade
Silicon Valley Bank (SVB) Financial seeks bankruptcy protection as banking turmoil...
Oil price plunges as Saudi Arabia retaliates with Russia
Russian space chief: Sanctions could imperil space station.
Pakistan Prime Minister Imran Khan protests to the U.S. about alleged...
OPEC advances meeting to discuss oil price cuts amid coronavirus
Refugee exodus reaches 2.8 million as Russian strikes hit west Ukraine
President Trump boasts US’ investment boom in Ohio rally
Oil prices climb after Opec+ keeps output cut targets, China eases...
Philippine government releases list of coronavirus-related travel bans affecting the country
Malaysia’s total trade up 8.6% to RM236bil in December 2022
Silicon Valley Bank SVB run exposes rifts in venture capital world
New Russian offensive underway in Ukraine, says NATO
Norwegian oil giant cancels plan to drill in Great Australian Bight
Equinor, a Norwegian multinational energy company, announced that it has abandoned its plan to drill for oil in the Great Australian Bight for reasons that it is “not commercially competitive.” The oil and gas giant was given a green light to start its exploratory drills, at a depth of 2.5 kilometers in South Australia’s coastline, […]
Russians shift focus from Kyiv, scaling back goals in war?
Malaysians brace for economic and social impacts of lockdown
Secret intelligence has an unusually public role in the Ukraine war.
MBSB Bank, Prec ink pact to drive cashless business transactions among...
NATO planes to be sent to Romania to eye Russian activity
Maybank introduces financing solution for EV, hybrid users
Over 300 tourists in Aklan, Philippines already sent back to Wuhan,...
Philippine authorities said some 314 Chinese tourists in Kalibo, Aklan have been forcibly repatriated to novel coronavirus (nCov)-stricken Wuhan, China as of January 26. They are among the 500 passengers who left Wuhan and were bound for Boracay before the total lockdown was imposed by the Chinese government. Despite originally scheduled to return to China […]
Malaysia’s largest mineral water company to boost production to 900 million...
Philippines cancels flights due to Taal Volcano eruption
Poland to end Russian oil imports; Germany warns on gas.
NATO, in Arctic training drills, faces up to Putin’s ‘unpredictable’ Russia.
Malaysia’s palm oil stocks slide 6.56% in Feb
Russia’s invasion drives NATO rethink of Europe force stance.
Police focus on van renter in Brooklyn subway shooting probe
Retail loan growth likely to remain strong
Public and private sectors in PH join forces to send aid...
Russian airstrike hits base in western Ukraine kills 35 several injured.
SHARP FACTS ABOUT SCISSORS
Philippine Gov’t totally bans deployment of workers to Iraq
New rules for companies on climate risks proposed by SEC
Poland orders expulsion of 45 Russians suspected of spying.
Robocash’s license revoked for operating unauthorized branches—SEC
More Bangladeshi workers at risk as apparel industry collapses
Russian strikes hit western Ukraine as offensive widens
Philippines’ Jollibee continues overseas expansion after raising $600m from bond sale
Oil prices ease on symbolic OPEC+ output cut
Russia-Ukraine war in the world’s ‘breadbasket’ threatens food supply.
Philippines reopens businesses closed due to Taal volcano’s eruption
Qatar Airways seeks government aid to keep flying
National leaders say Iranian missile struck down Ukraine Int’l flight
Philippines mandates BPOs to settle “Work from Home” policies until March...
PH seismology bureau warns of volcanic tsunami if Taal’s intensity raised...
Mobile games download spike amid coronavirus quarantine
The demand for mobile games has surged as millions of people in China are quarantined and stuck indoors amid fears of the spreading coronavirus that has now claimed more than 3,000 lives. Application analysts reported that the global mobile game downloads jumped to 39% for the month of February. The mainland accounted for a huge […]
Russian President claims lead on hypersonic weapons, surpassing US
Russian stock market, crushed by war, will partially reopen
Prices of crude oil soar after Iran’s missile attacks on US...
Putin wants ‘unfriendly countries’ to pay rubles for gas.
Mariupol’s dead put at 5,000 as Ukraine braces in the east.
Payroll firm probed for hiding tax payments
New coronavirus surpasses SARS death toll; experts reiterate prevention tips
RHB Bank on course to meet KPI targets
Missing Taiwan military official confirmed dead in helicopter crash
Nintendo hit by coronavirus; production gets delayed
Pinterest surpasses Snapchat in the US after gaining 82m users
Philippine Airlines provides free changes to China flights amid nCov
As the new strain of coronavirus continues to spread worldwide, the Philippine Airlines (PAL) announced that its passengers with booked tickets to some destinations in China can change their schedules without charge. The flag carrier said that those who have scheduled flights to Beijing, Guangzhou, Hong Kong, Jinjiang, Shanghai, Macau and Xiamen, from January 24 […]
Money trader Travelex down after getting victimized by cyberattack
Pilots Association sues American airlines to stop China flights
The Allied Pilots Association (APA), a labor union representing American Airlines pilots, filed a lawsuit against the carrier to immediately halt US to China operations. CBS network reported that APA sued American Airlines in Dallas County on January 30 as it seeks for a temporary restraining order to stop China flights amid the coronavirus. In a […]
‘No city anymore’: Mariupol survivors take train to safety.
Microsoft claims mimic websites from North Korean hack group
Philippines elevates ban on Japanese food imports
Power plants in areas affected by Ph’s volcano eruption continue to...
Philippines recorded first virus death outside China
‘No mercy’: Mariupol bombing compared to Nazi war crimes.
North Korea steals $1.6bn in cyber attacks
Philippines’ Central bank warns of fake banknote designs circulating on social...
The Central Bank of the Philippines, or “Bangko Sentral ng Pilipinas” (BSP) in Filipino translation, warned the public against fake designs of banknotes that were recently posted on social media. BSP released an advisory on January 23 saying that the postings were made by an existing Facebook account with the user name “Bangko Sentral ng […]
Maybank to facilitate the trading of shariah-compliant securities on Bursa under...
Saudi maintains stable oil supply amid growing tensions
RAM Ponzi victims go after New Zealand ANZ Bank
Philippines declares health emergency, cancels public events amid coronavirus
Microsoft CEO’s comment on India’s Citizenship Law drew backlash
Mitsubishi denies alleged use of emission defeat devices
Philippines deports 9 Japanese fraud suspects
Nine Japanese nationals who are wanted for telecommunications fraud were deported Monday by the Bureau of Immigration (BI) of the Philippines. The suspects, according to the Business World, were identified as Irie Dai, Ishii Kyogo, Hamaoka Kantaro, Maeyama Takuto, Tanaka Kazuya, Yoshida Takeshi, Murata Seiichi, Kouki Shouji, and Imizumi Ryo. Media reports said that the […]
Mexican leader slams predecessors for allowing drug lord “El Chapo” hold...
Media network CNN says Amazon sells fake and dangerous kids’ products
Russia faces global outrage over bodies in Ukraine’s streets.
Nissan sues former chairman and seeks $91 million damages
Philippines’ credit rating gets upgrade due to “strong economy”
Philippine Airlines appoints new president, raises capital stock by 130%
Eurojust Facilitates Crackdown on €645 Million Medicinal Cannabis Investment Fraud Across...
Philippines stocks plunge deepest since 2016 due to coronavirus
The Philippines has recorded its deepest fall in shares as growing concerns over coronavirus hit Asian and global markets. Based on reports, the Philippine Stock Exchange Index plunged 4.3 % on Wednesday trading, tumbling the most since January 2016. The Bankers’ Association of the Philippines also said that the peso succumbed to the dollar, finishing […]