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The second-largest economy in the world is currently experiencing a dual-speed growth pattern. While factories are flourishing due to robust exports, domestic demand is on a downward trajectory due to an ongoing slump in the property market. In May, retail…
The escalating tensions in the Middle East have disrupted fuel supply chains, leading to a rise in average domestic airfares by 15-20%. This has resulted in airlines discontinuing their low-cost options. Demand and Supply Imbalance The disruption has severely…
In an effort to promote increased use of trains amidst surging fuel costs, Malaysia has implemented a 30% fare reduction on weekdays for its Electric Train Service and Ekspres Rakyat Timuran routes. This incentive is applicable for journeys between Johor…
The Philippine government has prolonged its prohibition on sugar imports until December 2026, given the strong domestic supply. This strategic decision is designed to provide ongoing support for local farmers and producers and maintain market stability.…
French cosmetics giant, L’Oréal, has announced its minority stake acquisition in Chinese skincare brand, Lan, signifying its second investment in China within recent months. This investment comes at a time when local brands in China are experiencing…
Asahi Group Holdings, a prominent Japanese beer and beverage corporation, has been unable to restart production at its domestic factories following a cyberattack, according to a company spokesperson. The timeline for resuming operations remains uncertain.…
AirAsia gears up for the nation’s reopening by adding more international routes to cater for significant pent-up demand ahead of Malaysia reopening borders to international travel 1 April. With the continued easing of travel restrictions, the airline group…
Beginning April 1, AirAsia Philippines is adding more weekly flights to the country’s top tourist destinations, including Boracay, Puerto Princesa and Cebu, after seeing a recent surge in bookings. The low-cost airline, in a statement on Friday, said that it…
Vietnam Airlines is set to gradually resume flying on 40 routes, or nearly its entire domestic network, by next month, prioritizing Hanoi, HCMC and Da Nang. Several flights are set to be resumed to the southern archipelago Con Dao Island, the central…
AirAsia sees brighter skies ahead after Malaysia lifted interstate travel restrictions, with the low-cost carrier also pushing to restart international flights to Thailand, Sri Lanka and the Maldives as early as next week, its president told Nikkei Asia. Bo…
AirAsia’s inaugural service from Kuala Lumpur to Langkawi on Thursday (Sept 16) morning under the travel bubble recorded a 100% flight load, the carrier says, signifying a strong rebound for domestic air travel. The low-cost carrier said the maiden flight,…
The Civil Aviation Authority of Vietnam (CAAV) on Monday requested airlines to stop selling tickets for domestic flights until further notice. Airlines would need to refund tickets for customers who’ve already purchased theirs from July 21, the CAAV added.…
High costs and delivery failure rates continue to plague local logistics companies, which are unable to compete with foreign-owned rivals. Dao Trong Khoa, vice president of the Vietnam Logistics Business Association (VLBA), said the cost of logistics in…
AirAsia Group Bhd group CEO Tan Sri Tony Fernandes said the budget airline “can survive” just on domestic traffic, which is about 50% of the group’s business. “That is very different from Singapore Air (Singapore Airlines) or JAL (Japan Airlines Co Ltd) or…
Low-cost carrier AirAsia is ready to furlough more workers unless domestic coronavirus travel curbs end next month, even as the company speeds expansion of its non-airlines business to fill an earnings hole, top executives told Nikkei Asia. The airline…
Though foreign firms continue to dominate the best workplace list, things are changing with more and more Vietnamese companies making the cut. The latter accounted for half of this year’s top 20 in the 100 Best Places to Work survey released on Thursday by…
