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Asia-Pacific air travel to fully recover by 1Q 2024

CHIANG MAI: The Association of Asia Pacific Airlines (AAPA) expects air travel in the Asia-Pacific region to see full recovery by the first quarter of 2024, returning to 2019 pre-pandemic level amidst the global headwinds. Its director-general Subhas Menon said the Asia-Pacific region would continue to recover very strongly with the reopening of the economy […]

Asia-Pacific impacted by employee burnout, rising costs, weak leadership

KUALA LUMPUR: A study by Boyden, a premier leadership and talent advisory firm revealed that Asia-Pacific has the lowest confidence globally in the workforce and leadership teams, and places less emphasis on human capital than other regions. The global study, titled “Strengthening the human-centric core of Industry 5.0- How can organisations thrive in a complex world of risk?” explores […]

Polytechnic recognition raises benchmark

MUKAH: Nine Malaysian polytechnics have won the gold award after emerging among the top ten out of 26 such institutions in the Asia Pacific region. And ten of them have received accreditation from the Asia Pacific Accreditation and Certification Commission (APACC). This feat, according to Polytechnic and Community College Education Department Deputy Director General Mohamad […]

Raya Airways first Malaysian freight service to fly into Nanning, China

KUALA LUMPUR: Raya Airways Sdn Bhd has become the first Malaysian freight service provider to operate in Nanning, China. In a statement today, the company said the recent achievement was in line with its network expansion plans to increase destinations within Asia-Pacific markets. “Raya Airways will serve Nanning four times per week with an average […]

Asia Pacific e-commerce sales forecasted reaching $2 trillion by 2025

KUALA LUMPUR: Asia Pacific’s e-commerce sales are expected to nearly double by 2025, reaching $2 trillion, according to global market research company Euromonitor International. ($1 = RM4.140) The region is predicted to see the highest retailing sales growth in 2020-2025, following Latin America, with digitalisation, connectivity and demographics representing the key drivers in the region’s […]

MCO 2.0 will impact Malaysia’s economic growth this year

KUALA LUMPUR: The second movement control order (MCO2.0) in key states with bustling economic activities would pose an impact on Malaysia’s economic growth this year, said financial intelligence company Moody’s Analytics. Its chief Asia-Pacific economist Dr Steve Cochrane said the MCO, which is currently being implemented in key economic areas, namely Selangor, Kuala Lumpur, Penang, […]

Asia-Pacific’s GDP may lose up to $172 bln

MOSCOW: The coronavirus pandemic may cost the Asia-Pacific region 0.8 per cent of the gross domestic product or, equivalently, $172 billion due to a weakened global demand for their exports alone, the UN Economic and Social Commission for Asia and the Pacific (ESCAP) said in a report published on Wednesday. According to the Economic and […]

11.2 mln jobs at risk in Asia Pacific with airlines shutdown

KUALA LUMPUR: Some 25 million jobs are at risk of disappearing due to plummeting demand for air travel amid the Covid-19 crisis, with the bulk of job losses amounting to 11.2 million are in the Asia Pacific, warned the International Air Transport Association (IATA).  Airlines are calling on governments to provide immediate financial aid to help airlines […]

Malaysia has potential to be Asia-Pacific Cybersecurity hub

KUALA LUMPUR: Malaysia has the potential to be a cybersecurity hub within the Asia-Pacific region, said Austrian Ambassador to Malaysia, Dr Michael Postl. He said Malaysia’s strategic geographical location within the Asia-Pacific region, coupled with its cybersecurity professionals and talent who are found to be hard working, English-speaking, and working in harmony are positive traits which bode well for […]