Markets

SINGAPORE: Companies found to have "disguised their retrenchments" might have their Jobs Support Scheme wage subsidies and work pass privileges revoked, Minister for Manpower Josephine Teo said on Thursday (Jun 4). Retrenchments are guided by manpower laws, and employers are obliged to pay the ...

TAIPEI: Taiwan hopes a new programme will attract TUS$40 billion (US$1.34 billion) of research and development investment by foreign tech companies, creating more than 6,300 jobs a year, the government said on Thursday. Taipei will spend more than TUS$10 billion in subsidies over the next seven ...

South Korean prosecutors have requested an arrest warrant against Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a controversial 2015 merger and alleged accounting fraud in a suspected bid to aid his succession plans.

KUALA LUMPUR: Malaysia's exports tumbled 23.8% in April from a year earlier, the steepest fall in a decade, as the COVID-19 pandemic badly disrupted the global supply chain, the government said on Thursday (Jun 4). The fall to RM64.92 billion (US$15.21 billion) was much wider than a 15.1 per...

A massive Pennsylvania plastics project that President Donald Trump touted during a visit last year faces risks of oversupply and a low price outlook for the materials, a report by an institute that examines energy issues said on Thursday.

Restoring trust is critical to the safe resumption of air travel. IATA chief Alexandre de Juniac discusses what the post-COVID-19 travel experience will be from a passenger’s viewpoint.

Oil prices fell on Thursday, reversing gains in the previous session, on concerns that supply will rise if major producers are unable to agree to extend the depth of output cuts that have supported recent gains.

From its Silicon Valley-like campus near Mumbai, Indian billionaire Mukesh Ambani's Jio telecom carrier is emerging as a winner from changes in the way Indian consumers plug into a digital economy made more urgent by the coronavirus pandemic.

Snap Inc said it would no longer promote U.S. President Donald Trump's account in Snapchat's Discover section, saying his incendiary comments last week made the account ineligible for the curated section where users explore new content.

Amazon.com Inc has been sued for allegedly fostering the spread of the coronavirus by mandating unsafe working conditions, causing at least one employee to contract COVID-19, bring it home, and see her cousin die.