BEIJING: Chinese airlines are undertaking the biggest hiring drives in more than three years as travel rebounds are facing a deluge of applicants for cabin crew roles as fresh university graduates turn to the relatively high-paying career in a bleak job market. In contrast to Western countries, where cabin crewContinue Reading
JAKARTA: Indonesia expects to conclude negotiations with China in the coming weeks on an additional US$560 million loan for a high-speed rail project being built in the Southeast Asian country, a senior minister said on Monday (Apr 10). The cost of the line linking the capital Jakarta with the textileContinue Reading
JOHOR BAHRU: Entertainment and content provider GHY Culture & Media (GHY) will acquire 80 per cent of Iskandar Malaysia Studios (IMS), a high-profile film and TV production complex based in Johor. GHY, which is headquartered in Singapore and China, made the announcement in a filing on the Singapore Exchange onContinue Reading
JAKARTA: Indonesian property firm PT MNC Land launched on Friday (Mar 31) a 1,040 ha tourism complex on Java island, where former US President Donald Trump’s company will operate a hotel and a golf course. Indonesian President Joko Widodo also inaugurated a special economic zone within MNC’s tourism project, whichContinue Reading
JAKARTA: Indonesian property firm PT MNC Land launched on Friday (Mar 31) a 1,040 ha tourism complex on Java island, where former US President Donald Trump’s company will operate a hotel and a golf course. Indonesian President Joko Widodo also inaugurated a special economic zone within MNC’s tourism project, which isContinue Reading
HONG KONG: Hong Kong private home prices climbed 2.2 per cent in February, the second straight monthly increase, helped by improving sentiment after the border with China was reopened, expectations that interest rates are peaking, and a spate of new project launches. The rise in home prices in February followedContinue Reading
JOHANNESBURG: China spent US$240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loans spent building “Belt & Road” infrastructure, according to a study published on Tuesday (Mar 28). Almost 80 per cent of the rescueContinue Reading
Jack Ma, the founder of Alibaba Group Holding, returned to mainland China recently after more than a year of overseas travel, and visited a school he founded in the city of Hangzhou, the hometown of Alibaba, according to sources familiar with his schedule. On Monday (Mar 27), Ma met teachersContinue Reading
A new full-service Thai carrier, Really Cool Airlines, will begin operations by the end of the year. The airline will announce its flight routes by June this year, said CEO Patee Sarasin on Tuesday (Mar 21), adding that the focus is on international flights. “We are excited and ready toContinue Reading
COLOMBO: Sri Lanka has received the first tranche of an IMF bailout programme, President Ranil Wickremesinghe told parliament on Wednesday (Mar 22). The crisis-ridden island nation was scheduled to receive a US$330 million tranche, the first part of a nearly US$3 billion bailout approved by the International Monetary Fund onContinue Reading