Saturday, September 19, 2020
Malaysia will impose an entry ban on citizens from countries with more than 150,000 COVID-19 cases starting from 7 September. Senior Minister Datuk Ismail Sabri Yaakob said the list of countries include the United States, Brazil, France, United Kingdom, Spain, Italy, Saudi Arabia, Russia and Bangladesh. He added that...
Japanese company SkyDrive, among the many “flying car” projects around the world, has carried out a successful test flight with one person on board. In a video shown to reporters, a contraption that looked like a motorcycle with propellers lifted several feet off the ground, and hovered in a...
South Korea plunged into recession in the second quarter in its worst economic decline in more than two decades as the coronavirus pandemic battered exports and social distancing curbs paralysed factories. Asia’s fourth-largest economy shrank by a seasonally adjusted 3.3 percent in the June quarter from three months earlier, the...
Their dependence on the cash-economy and supply chain disruptions have made India’s small and medium businesses amongst the hardest hit from the COVID-19 pandemic. To address these challenges, Mastercard today announced a commitment of INR 250 crores ($33 million) to help reboot Indian SMEs and enable business recovery. As part...
In an effort to assist small businesses that have been decimated by the coronavirus pandemic, American Express launched a new set of credits across almost all of its US personal and business cards to reward customers who shop at small businesses. American Express card members will receive a $5 credit...
Britain’s Financial Services Minister, John Glen said some banks will cut office space in London’s financial district as they “reset” their operations following the Covid-19 pandemic. The bulk of staff at banks have been working from home since Britain introduced a lockdown in March to fight the pandemic. It...
US consumer sentiment perked up in early June as households cheered the reopening of businesses and a surprise rebound in hiring, though they did not expect a significant improvement in the economy amid fears of a resurgence in COVID-19 infections. The survey from the University of Michigan is broadly in...
‘New way of life’: pandemic shifts investor preferences in Hong Kong, New York luxury property market The Covid-19 pandemic is ushering in a common trend in the luxury real estate market among prospective buyers in Hong Kong and abroad. In Hong Kong, inquiries for property in Clear Water Bay on...
On account of their potential to create jobs and foster innovation, small- and medium-sized enterprises (SMEs) have been highlighted by several countries in the Middle East like the UAE, Saudi Arabia, and Egypt as one of the most important contributors for economic growth. While sufficient funding is one of...
Japan has launched a program called the Subsidy Program for Sustaining Businesses to help small and medium enterprises in the country. The Program is targeted at SMEs that had suffered a decline in monthly sales of 50 per cent or more, compared to last year. Companies with capital less...
More than 2.2 million small and medium-sized enterprises (SMEs) in Germany recorded sales losses in March due to the coronavirus crisis, according to a company survey published by the German development bank KfW on Tuesday. The German SMEs was currently "firmly in the grip of the coronavirus...
On 12 February 2020, the Free Trade Agreement between the European Union and Vietnam (EVFTA) was officially ratified. The strong commitments in terms of open markets within the EVFTA framework will help to boost Vietnam – EU trade relations while further expanding Vietnam’s export markets. This is especially fortunate...