Tuesday, October 27, 2020
The global aviation industry has been among the hardest hit business sectors amidst the Covid-19 pandemic. As nations wen into lockdown earlier this year, international travel ground to a halt, with only the most crucial travel being allowed. Domestic flights fared no better as governments worked to contain the...
It has been announced that more than a third of Malaysia’s population will once again be placed under conditional movement restrictions as Covid-19 cases spiked following a recent outbreak from a state election. The conditional movement order (CMCO) for the federal territories of Kuala Lumpur and Putrajaya, and Selangor state...
Relatively speaking, Malaysia has been quite diligent in its efforts to crackdown of the Covid-19 coronavirus. Swift and effective measures has led to a reduced number of cases and a very low mortality rate from the pandemic. However, the economic cost of such measures were significant. Even now, as the...
With the COVID-19 pandemic keeping people indoors, It comes as no surprise that smartphone and computer usage has skyrocketed in the past few months. According to Statista, up to 70 percent of internet users worldwide has reported an increase in their mobile or smartphones amidst the pandemic. As anxieties surrounding...
Thailand’s Centre for Economic Situation Administration (Cesa), has recently approved a proposal to offer taxpayer income tax deductions of up to 30,000 baht for purchasing products and services with a 7 percent value-added tax (VAT), in another bid to help boost domestic spending and consumption. As of 23 October until...
Many may be forgiven for not taking any chances during these uncertain times. The COVID-19 pandemic has done more than disrupt supply chains and ruin business. It has led to thousands of lay-offs and furloughs. It is no wonder that many potential new entrepreneurs are hesitant to leave behind...
Japan has not had a great year. Even compared to other countries, Japan’s businesses and economy was struck by particularly bad luck in 2020. COVID-19 has caused unprecedented damage to the island nation’s business flow, and the road to recovery will be an arduous one. 2020 was supposed to be...
According to Malaysia’s Finance Minister, Tengku Datuk Seri Zafrul Abdul Aziz, the government is committed to continue the efforts to help the country’s SMEs on their path to recovery amidst the post-COVID era in the upcoming Budget 2021. Building upon the foundations laid by the Prihatin Rakyat Economic Stimulus Package...
The Indonesian government is urging SMEs to export food and beverage products that have gained popularity in overseas markets in an effort to help the nation’s economy recover amidst the devastating effects of the global COVID-19 pandemic. Victoria Simulangkit, the deputy of production and marketing at the Cooperatives and SME...
Recently, OneSME, a cross-border digital trade platform for SMEs in Singapore and China, was launched in order to facilitate trade more easily between SMEs of the two nations. OneSME will connect business-to-business (B2B) platforms in the two countries to help local SMEs expand their overseas reach and tap significant demand...
Fortunately, the threat of COVID-19 has been contained to an extent in Malaysia. Businesses are now being allowed to resume normal operations, albeit with strict guidelines to maintain health and safety. However, the road to economic recovery will be a long and slow one. In an effort to speed up...
Hotels are mostly associated with the tourism industry. Therefore, when the COVID-19 pandemic hit, everyone was talking about how hard tourism and hotels have been hit economically. However, the challenges being faced by the events and wedding industry have not been getting as much attention. Recently, wedding planners and venue...