South Korea’s flag carrier Korean Air will put 70 percent of its 19,000 staff on furlough, it said, as it scrambles to cope with the coronavirus pandemic that has brought global aviation to a standstill.
Oil prices rallied but the commodity continues to swing as traders keenly await Thursday’s planned meeting of the world’s top producers, which will discuss a possible output cut.
As a country composed of over 7,641 islands, the Philippines will always be plagued with geographic challenges. Transporting equipment and construction materials remain an issue, not only for the infrastructure industry but also for businesses in all sectors.
Morarji, previously the Head of Enterprise division for APAC, will now lead the growing sales team in Asia and Australasiain delivering the world’s most advanced cyber protection technology by developing relationships with local partners and service providers.
Despite the government’s recent announcement of community quarantine of Luzon, J&T Express, the number one e-commerce delivery company in Southeast Asia, remains operational to help mobilize goods around the metropolis.
Global smartphone shipments dropped to 61.8 million in February, a 38 percent drop from the same month a year earlier.
Tokyo’s Nikkei 225 climbed 0.8% at one point but was up only 0.2% by early afternoon. The Hang Seng in Hong Kong advanced 1.1%. Shares also rose in Thailand, India and Australia, but fell in other regional markets.
There were no glimmers of optimism: European and Asian stock indexes were down as much as 10%, as was the price of oil. Trading in Wall Street futures was halted after they fell by the maximum 5%.
Twenty branches of SM Stores, the department stores of SM Supermalls, have closed temporarily to comply with Metro Manila’s community quarantine measures amid the coronavirus
The effects of the coronavirus (COVID-19) outbreak can be tough especially on workers who have to continue working amidst health dangers, but companies are taking