Thursday, June 4, 2020
Asia’s airports at rock bottom as number of passengers plummets 95 per cent Asia’s airports have reached “rock bottom” almost four months into the Covid-19 pandemic, with the number of passengers at about 5 per cent of last year’s figures, the global airports’ representative has said. Airports Council International (ACI)...
COVID-19 pandemic to bring Asia's 2020 growth to halt for first time in 60 years: IMFThe International Monetary Fund (IMF) said Asia's economic growth this year will grind to a halt for the first time in 60 years, as the COVID-19 crisis takes a toll on the...
By Anish Kanaran COVID-19 has caused unprecedented disruption to economies worldwide that will leave a lasting impact for years to come. Globally, the supply chain has shown vulnerabilities which has been severely elevated amidst heightened uncertainties from the pandemic. Whilst locally, the services and manufacturing sectors being key contributors to...
The fast-spreading COVID-19 coronavirus has managed to gain a foothold in almost every corner of the world. With over 800,000 confirmed cases worldwide, the coronavirus has forced the hands of several government authorities to take drastic measures to halt the spread of this infection and spare healthcare facilities from...
The 2008 Great Recession was a catastrophic crash for the global economy. Businesses from around the world, especially SMEs struggled to keep afloat during those turbulent times, and many just managed to scrape by and survive. Over a decade later, it seemed the effects of 2008 were just beginning...
The COVID-19 pandemic has gotten so severe that businesses and consumers both will be feeling the adverse effects for months, and potentially even years. Currently, many businesses are struggling to continue operations while others have already been shut down completely. To say that the global economy has been negatively...
With many cities around the world on lockdown due to the COVID-19 pandemic, many employees have been forced to work from home as offices are shutting their doors to prevent the spread of the coronavirus. For some employees, it has already been a month or more since this ordeal...
Factory activity throughout Asia has contracted sharply in March as the COVID-19 pandemic continues to spread globally. The coronavirus has managed to paralyze the global economy, with sharp falls in export power-houses Japan and South Korea overshadowing a modest improvement in China. Manufacturing gauges have also seen a downward trend...
Without a doubt, the COVID-19 outbreak has caused much pain and worry for businesses as many nations have begun to implement lockdowns and Movement Control Orders. Brick and mortar SMEs are particularly vulnerable to the economic downturn as consumers are now limiting the time they spend shopping and congregating. Even...
With more and more companies issuing mandatory work-from-home policies due to the rising severity of COVID-19, the business world has seen a dramatic rise in the usage of video conferencing. Online communication platforms like Zoom or Skype has seen a massive increase in usage over the past few weeks...
COVID-19 has without a doubt become a global pandemic; forcing many businesses to shut their doors and employees to continue their work from the safety of their homes. Startup funding all throughout Asia is expected to take an immense hit, especially since many nations appear to be having a...
In light of the COVID-19 pandemic which has crippled air travel across the world, AirAsia may be looking to ground its airline business which makes up about 75 percent of the group’s revenue. During a staff briefing recently, AirAsia founder Tan Sri Tony Fernandes said that the group’s focus between...

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