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(Bloomberg) -- Southeast Asian ride-hailing giant Gojek has raised $1.2 billion for expansion, defying tech-sector turbulence and the coronavirus pandemic to secure funds to take on Grab Holdings Inc. The new financing was finalized just over the past week, when the Covid-19 outbreak quickened its spread and triggered market routs across the globe. |
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By DARLENE SUPERVILLE and JIM GOMEZ February 29, 2020 GMT
By BUSABA SIVASOMBOON and GRANT PECK January 21, 2020 GMT
Connect with the definitive source for global and local news.
All contents © copyright 2020 The Associated Press. All rights reserved. |
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By CANDICE CHOI, BERNARD CONDON and CARLA K. JOHNSON March 14, 2020 GMT
By MICHELLE R. SMITH and GILLIAN FLACCUS March 13, 2020 GMT
By CARLA K. JOHNSON and VICTORIA MILKO March 12, 2020 GMT
By STAN CHOE, LORI HINNANT and TIM SULLIVAN March 12, 2020 GMT
By JAMEY KEATEN, MARIA CHENG and JOHN.... |
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BANGKOK (AP) — Shares reversed early losses in Asia on Tuesday after the U.S. stock market plunged to its worst day in more than three decades and huge swaths of many economies came to a standstill, with businesses and travel shut down due to the virus outbreak. Tokyo's Nikkei 225 climbed 0.8% at one point but was up only 0. |
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GEORGE TOWN (THE STAR/ASIA NEWS NETWORK) - Some companies and tourist attractions are reportedly forcing their employees to take unpaid leave during the two-week period of the controlled movement order which is shutting down the operations of non-essential sectors. |
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BEIJING. Global stocks fell sharply Monday after central bank moves to shore up economic growth failed to dispel investor's fears over virus controls that are shutting down global business and travel. There were no glimmers of optimism: European and Asian stock indexes were down as much as 10%, as was the price of oil. |
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BANGKOK – Shares reversed early losses in Asia on Tuesday after the U.S. stock market plunged to its worst day in more than three decades and huge swaths of many economies came to a standstill, with businesses and travel shut down due to the virus outbreak. Tokyo's Nikkei 225 climbed 0.8% at one point but was up only 0. |
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While the region has yet to be hit as hard as Asia or Europe, Latin American governments have moved aggressively to contain the virus that has shut down cities and international transport hubs and battered its financial markets. Still, not all are moving at the same tempo. |
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From Southeast Asia to Europe to the Americas, people found their lives upended by lockdowns and social distancing. Shoppers in Malaysia stood in long lines to stock up at picked-over supermarkets. Commuters in the Philippines waited in huge traffic jams at checkpoints set up to take their temperatures before entering the capital city. |
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Three decades ago, when people were just discovering Hammer pants and starting to ask hairdressers for "the Rachael," a special breed of small-capacity sportsbike used to walk the Earth. In Australia and through parts of Asia, the rules at the time required new riders to get about on bikes with engines 250cc or smaller. |
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“We’ve assessed that there’s a need for universal special entry procedures for all arrivals, given rapid increases in new cases not only in Europe but also in the United States and Asia in the wake of the pandemic”, Vice Health Minister Kim Gang-lip told a briefing. The stricter border checks for all arrivals will start on Thursday. |
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MUMBAI (Reuters) - India closed the Taj Mahal, its top tourist site, and the financial hub of Mumbai ordered offices providing non-essential services to function at 50% staffing levels as efforts to control the spread of coronavirus in South Asia ramped up. |
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The pair are currently under quarantine after entering New Zealand from Southeast Asia.
“This kind of behaviour is completely irresponsible and will not be tolerated, which is why these individuals have been made liable for deportation," Immigration New Zealand compliance and verification general manager Stephen Vaughan said. |
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The rebound in Asia followed news that the Trump administration plans strong support for airlines stricken by the outbreak and is pushing the Senate to enact a massive stimulus package to alleviate losses for businesses and individuals affected by the outbreak, which has infected more than 182,000 people worldwide, 4,661 in the United States. |
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BANGKOK Shares reversed early losses in Asia on Tuesday after the U.S. stock market plunged to its worst day in more than three decades and huge swaths of many economies came to a standstill, with businesses and travel shut down due to the virus outbreak. Tokyo’s Nikkei 225 climbed 0.8% at one point but was up only 0. |
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BANGKOK – Shares reversed early losses in Asia on Tuesday after the U.S. stock market plunged to its worst day in more than three decades and huge swaths of many economies came to a standstill, with businesses and travel shut down due to the virus outbreak. Tokyo's Nikkei 225 climbed 0.8% at one point but was up only 0. |
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March 17, 2020. By Rajendra Jadhav. MUMBAI (Reuters) – India closed the Taj Mahal, its top tourist site, and the financial hub of Mumbai ordered offices providing non-essential services to keep half their staff at home as efforts to control the spread of coronavirus in South Asia ramped up. |
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The JSE could be in store for a mild recovery on Tuesday morning, after some Asian markets firmed a little on hopes that global stimulus efforts will ultimately result in an economic rebound. Global stocks remain under severe pressure and volatility is high. |
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BANGKOK (AP) — Shares reversed early losses in Asia on Tuesday after the U.S. stock market plunged to its worst day in more than three decades and huge swaths of many economies came to a standstill as businesses and travel shut down due to the virus outbreak. Tokyo's Nikkei 225 reversed early losses to gain 0. |
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After the Indian Ocean earthquake and tsunami hit in December 2004, the late Claire Neal hosted an event at her Owensboro home and raised $14,000 for the Habitat for Humanity Asia Tsunami Relief Fund. Neal’s spirit is indicative of the generosity Owensboro residents display when people are in need. |
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China remains second largest tech investment market in the world. - Asian companies second in the world for investment in emerging technology. - Asian investors looking for opportunity in the UK: 21% of UK tech investment was from Asian investors in 2019. |
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ALTHOUGH there has been no formal confirmation, it is understood that the Badminton Asia Championships (BAC), scheduled in Manila on Apr 21-26, will be postponed to a later date. The BAC, a Badminton Asia flagship event, was supposed to be the final event on the calendar to offer qualification points for the Tokyo Olympics in July. |
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Futures pointed to a lower open for Japanese stocks while shares in Australia rose in early trade following their Monday plunge. Overnight on Wall Street, the Dow Jones Industrial Average plunged 2,997.10 points to close at 20,188.52 — its worst decline since its "Black Monday" crash three decades ago when it fell more than 22%. |
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(Bloomberg) -- U.S. futures had modest gains early in Asia after Wall Street stocks plunged the most since 1987, with President Donald Trump warning that the economic disruption from the virus could last into summer. Futures pointed to declines of as much as 4% in Tokyo, with Hong Kong contracts.... |
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British online money transfer service TransferWise Ltd said on Monday it is partnering with mobile payments giant Alibaba-backed Alipay to enable instant transfers to China using 17 currencies.
The move would help TransferWise tap into Alipay's over 1.2 billion strong userbase, furthering its Asia expansion. |
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