May 2020
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48 articles published


Singapore expats ask for rent cuts as employers tighten belts

Business May 8, 2020

Singapore expats ask for rent cuts as employers tighten belts

Singapore expats are often envied for their generous pay packets but facing the prospect of salary cuts as the coronavirus batters businesses, some are tightening their belts and asking for lower rent. Clarence Foo, a real estate agent at APAC Realty Ltd. unit ERA, has ...

U.S. 'concerned' over shutdown of top Philippine broadcaster

Asia Pacific May 8, 2020

U.S. 'concerned' over shutdown of top Philippine broadcaster

The United States on Thursday voiced concern over the Philippine government-ordered shutdown of the country's top broadcaster ABS-CBN, which has been targeted by President Rodrigo Duterte. "We are concerned by the situation regarding ABS-CBN," State Department spokeswoman Morgan Ortagus said. "An independent media plays a critical ...

North Korea lashes South as Kim praises China's Xi

Asia Pacific May 8, 2020

North Korea lashes South as Kim praises China's Xi

North Korea condemned South Korea on Friday for holding military drills, saying the situation was returning to before the diplomatic rapprochement of 2018, as leader Kim Jong Un — whose health was the subject of intense speculation in recent weeks — reached out to ...

Business May 8, 2020

India firms are leaning more on Japan banks amid funding freeze

In these times of crisis, India’s top companies are leaning on Japanese lenders for funding. From Mukesh Ambani’s Reliance Industries Ltd. to Tata Capital Financial Services Ltd., the nation’s biggest firms have raised a record ¥181 billion ($1.7 billion) from yen-denominated loans this year, helping ...

Uniqlo Sales in Japan fall a record 56.5% in April

Business / Corporate May 8, 2020

Uniqlo Sales in Japan fall a record 56.5% in April

Fast Retailing Co. has said that domestic same-store sales at its Uniqlo casual wear chain in April fell 56.5 percent from a year before, the largest single-month drop since the company started to release data in September 1996. The plunge came as many Uniqlo stores ...

Taiwanese teams given OK to allow fans into baseball games

Baseball May 8, 2020

Taiwanese teams given OK to allow fans into baseball games

As coronavirus cases dwindle in Taiwan, baseball fans will be allowed back into stadiums on Friday evening, though with a cap on numbers. Taiwan's Central Epidemic Command Center agreed on Wednesday that starting Friday, the Chinese Professional Baseball League could admit up to 1,000 fans ...