Thursday, June 17, 2021
Popular bars across Asia are facing some tough times during the Covid-19 pandemic. Lockdowns and restrictions that have been instated by governments are squeezing alcohol sellers. Fewer drinkers, changing consumer tastes, tightening restrictions on alcohol and the pandemic is a sober reality for the industry. But companies have the chance...
Agriculture remains as a key part of the Malaysia’s economy and export output. Thanks to the Covid-19 pandemic which has plagued the majority of 2020, the adoption of more efficient technology has been at the forefront of the sector. As such, the agriculture and plantation sector is expected to...
China's public and private sectors are set to spend 10.6 trillion yuan (US$1.6 trillion) through 2025 to develop next-generation infrastructure, including the 5G network and electric-vehicle charging stations. This is especially important for the economic juggernaut as trade friction with the US looks likely to continue despite the change...
E-commerce platform, Lazada Malaysia, has channelled approximately RM44 million with the goal of helping more than 70,000 SMEs through its second stimulus package; dubbed Pakej Kedai Pintar 2.0. Lazada’s first stimulus package was implemented in April 2020, contributing RM10 million to help up to 50,000 SMEs. This new package is...

APAC on the Road to Recovery

The economic situation in Asia Pacific (APAC) is expected to improve greatly this year, supported by the gradual recovery of economic activities, given the early containment of the pandemic in several Asian economies, said Moody’s Investors Service. With the region being relatively close to ground-zero for the coronavirus, neighbouring...
Malaysian Prime Minister Muhyiddin Yassin has just announced a new economic aid package worth up to RM15 billion (US$3.7 billion) on 18 January in an effort to mitigate the effects of a resurgent Covid-19 pandemic. The package was revealed in a televised address and is known as PERMAI, or the...
Despite all the hardships and logistical cartwheels that were caused by the Covid-19 pandemic, China’s economy grew at a faster than expected pace in the fourth quarter of 2020, ending a rough coronavirus-stricken 2020 in remarkably good shape and remained solidly poised to expand further this year. The country’s GDP...

The Return of MCO

Many people’s worst fears have come true as Malaysia’s Prime Minister Muhyiddin Yassin announced the reinstatement of the movement control order (MCO) lockdown measures. Fortunately, this reinstatement only covers select states and federal territories that have experienced the worst of the resurgent Covid-19 outbreak. The remaining states will continue...
The Covid-19 pandemic brought with it economic ruin; and in turn, businesses began taking a more cautious approach, resulting in a slowing economy and stagnant growth. During such a poor economic climate, most might say it is insanity to try and expand, especially if you are an SME that...
Telehealth services and its operators, which allow patients to consult with medical staff and professionals virtually, are riding a huge surge in demand within the ASEAN nations as the Covid-19 pandemic continues to push the healthcare sector online. In countries such as Thailand, Indonesia, and Singapore, telehealth services has seen...
As we approach the finishing line of 2020, it is becoming more apparent who the biggest winners and losers are within the business world. Despite everything which has happened, certain unexpected industries have come out on top, while many other obvious choices have been hit hard. IBIS, an industry research...

Luring Locals With Luxury

As the holiday season approaches its peak, the Thai capital of Bangkok remains unusually devoid of the bustle of tourists. As the pandemic keeps foreign tourists away, the city's five-star hotels are slashing rates and offering added perks to entice domestic customers. Big names, such as a Marriot in downtown...

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