Singapore authorities charged the director of a local accounting firm with fraud for falsely claiming his company held 475.5 million euros ($558 million) on behalf of disgraced German payments …
Singapore Airlines has cancelled its proposed ‘flights to nowhere’ after criticism from environmental campaigners
The airline had planned to launch three-hour scenic flights that would both take off from and land at Singapore’s Changi Airport.
Dubai grocery, pharmacy among 17 shops fined for COVID-19 violations
Dubai: Dubai Economy (DED) has imposed fines on 17 business establishments, including a grocery and a pharmacy ,in its latest round of. Fifteen shops were also given stern warning for not adhering to …
Facility Management Services in Saudi Arabia to Cross $76,244.9 Million Revenue by 2030: P&S Intelligence
According to the market research report published by P&S; Intelligence, with the growth of the construction industry in the kingdom, the Saudi Arabia facility management market is predicted to cross …
Iraq needs to focus on development and economic diversification to overcome challenges, World Bank says
The country’s economy is set to shrink by 9.7% this year, the worst performance since the fall of Saddam Hussein’s regime …
Turkey: Manufacturing PMI at 52.8 in September
More rises in output, new orders lead firms to take on extra staff at fastest pace since February 2018, joint survey shows …
EBRD sees no more rate hikes in Turkey as economy shrinks 3.5%
The European Bank for Reconstruction and Development expects Turkey’s economy to contract by 3.5% this year before rebounding strongly in 2021, and it does not expect last week’s surprise interest …
Philippine Airlines begins major job-cutting program
Philippine Airlines and its budget affiliate … for the company’s survival and that it might take a few years for business to recover. PAL Holdings, the airline’s listed parent which is partly …
Indonesia, South Korea boost business cooperation amid pandemic
In the health sector, Indonesia and South Korea are working together through pharmaceutical companies Kalbe Farma and Genexine to develop a COVID-19 vaccine.
Telkom looks to capitalize on data, towers as legacy business dwindles
State-owned telecommunication giant PT Telekomunikasi Indonesia (Telkom) is bolstering its data center business and plans to strengthen its tower enterprise against the backdrop of dwindling revenue …