Impact of Covid-19 on manufacturing sector
KUCHING: The real impact of the Covid-19 pandemic on Sarawak’s manufacturing sector may only be seen in the next few months towards the end of the year, opined Sarawak Manufacturers Association (SMA) secretary-general Stephen Hii. He said while numerous factories were still operating, some were closing down – depending on the type of industry. He […]
Tourism industry loses RM45 billion
KUCHING: The country’s tourism and cultural industries suffered losses amounting to some RM45 billion from January to June this year. Tourism, Arts and Culture Minister Datuk Seri Nancy Shukri said the losses were due largely to the restrictions imposed under the movement control order implemented during the Covid-19 global pandemic. Nancy disclosed this at a […]
Pandemic crisis and business in Asia
By Hiram Ting, Jeffrey Ling, Jun-Hwa Cheah Here we are, stuck in the global pandemic of the century. The virus has not gone away yet. For the first time, people of the world are united or forced to observe the restrictions put up by the governments and healthcare authorities to combat Covid-19. As an early […]
Global markets extend slump
NEW YORK: Global stocks tumbled and oil prices collapsed Friday as investors panicked over the expected damage of the coronavirus to global economic growth. Haven investments gold and the yen surged as the World Health Organisation (WHO) warned that the epidemic must be taken seriously. At the close of trade, the Paris stock market was […]
Cool heads will defeat Covid-19
BY JOSHUA PURUSHOTMAN Since Covid-19 was first reported as a world health issue, cruise ships have been the worst to suffer after airlines. The experiences of those who were initially trapped on the Covid-19-stricken Diamond Princess are unimaginable. The cruise ship was rejected from docking at one port, territory and country after another. The MS […]
Hotel room cancellations result In Rm66 Million losses
KUALA LUMPUR: The impact of the COVID-19 outbreak has resulted in the cancellation of over 157,000 hotel room bookings ― a loss of RM66 million in terms of revenue as of Feb 17, according to the Malaysia Association of Hotels (MAH). Its president, Kamaruddin Baharin said although the cancellations were mainly from the China market, […]
