Asia-Pacific: Hotel Profits Down More Than 100 percent
Secaucus, NJ – Hotel profits in the United States fell 101.7 percent in March, according to lodging-data provider STR, and the numbers aren’t yet getting any better in the Asia-Pacific, according to hotel benchmarking service HotStats. In fact, the impact of COVID-19 … Continue reading Asia-Pacific: Hotel Profits Down More Than 100 percent
Thai airlines to resume operations in May/June
Bangkok – Thailand’s low-cost airlines are planning to resume flights with strict flight criteria in May and June to reduce the possibility of infections with Covid-19. Bangkok Airways, Nok Air, Thai AirAsia and Thai Lion are all due to resume their domestic flights. ‘Nok Air’ Only Thai … Continue reading Thai airlines to resume operations in May/June
Hong Kong: Schools launch cyberspace stations
Hong Kong – Hong Kong had a chance to burnish its reputation for resourcefulness when the COVID-19 outbreak abruptly shut primary and secondary schools in the city after the Lunar New Year break. Teachers, parents and education administrators have been … Continue reading Hong Kong: Schools launch cyberspace stations
Japan: SoftBank books loss of USD 16.7 billion
TOKYO – SoftBank Group expects to book a loss of $16.7 billion on its investments at its Vision Fund, the world’s largest vehicle for tech startups. The losses announced Monday in effect wipe out the gains that the nearly $100 billion … Continue reading Japan: SoftBank books loss of USD 16.7 billion
Getting ahead of the next stage of the coronavirus
New York – The COVID-19 pandemic is spreading at an extraordinary speed. You have put a crisis team in place and are doing all you can to keep your people safe, stay on top of your business, and deal with the … Continue reading Getting ahead of the next stage of the coronavirus
Coronavirus is reshaping the global economy
New York – It is now clear that COVID-19 has presented the global economy with an unprecedented challenge. In the United States and Europe, efforts to control the virus through lockdowns are likely to lead to the largest decline in economic … Continue reading Coronavirus is reshaping the global economy
ASIA: Travel restrictions, border shutdowns
Singapore – Countries around the world have taken drastic measures, including border closures, in an attempt to curb COVID-19. We have listed a number of Asian countries, indicating the current tourist policies implimented by the individual countries: Brunei Non-resident foreigners … Continue reading ASIA: Travel restrictions, border shutdowns
Japan declares state of emergency
Tokyo – Japan is to declare a state of emergency in Tokyo and six other prefectures as early as Tuesday in a bid to stop the coronavirus, Prime Minister Shinzo Abe said, with the government preparing a stimulus package to … Continue reading Japan declares state of emergency
Hong Kong: 1,200 pubs and bars to close
Hong Kong – The Hong Kong government has ordered a two-week closure of pubs and bars from Friday, in a drastic escalation of social-distancing rules which will mothball about 1,200 businesses. The shutdown targeting all premises exclusively or mainly used … Continue reading Hong Kong: 1,200 pubs and bars to close
Singapore: Coronavirus infections relatively low
Singapore – Uncooperative patients, long hours and a lack of protective equipment are hampering health care workers across the world as they take the fight to the coronavirus, leading many to fall sick themselves. In Malaysia, a pregnant woman who did not … Continue reading Singapore: Coronavirus infections relatively low