Business

Telecommunication giant Axiata Group Bhd aims to raise its dividend payout to 20 sen per share by 2024, representing RM1.8 billion for its nine billion shares. CEO Datuk Izzaddin Idris emphasizes the company's strategic shift towards becoming a high-profit organization by accelerating digital transformation and investing in network infrastructure.

The COVID-19 pandemic has triggered unprecedented economic disruption, causing global supply chain breakdowns and forcing countries to reassess production strategies while managing unexpected market demands and consumer panic buying.

Chinese manufacturers are flooding online markets with counterfeit personal protective equipment (PPE), prompting international criticism. In February, authorities seized over 31 million fake face masks and arrested 1,560 suspects involved in fraudulent production and distribution of coronavirus protective gear.

AI is transforming financial crime detection, helping banks identify suspicious transactions and prevent large-scale money laundering attempts. Advanced computer systems now analyze complex financial patterns to uncover potential illegal transfers, enhancing the banking industry's ability to combat financial crimes.

Japanese Prime Minister Shinzo Abe announced a nearly $1 trillion stimulus package to protect the economy from coronavirus damage. The 108 trillion yen package, equivalent to 20% of GDP, represents an unprecedented economic response to the pandemic's economic challenges.

Countries producing essential medical supplies like face masks and thermometers have implemented export restrictions to maintain domestic inventory. These bans, aimed at ensuring local stability, have drawn international criticism for potentially leaving other nations vulnerable during the coronavirus outbreak.

Despite the coronavirus pandemic, Taiwan's auto industry saw a significant increase in car sales. In March 2020, 37,279 new cars were registered, representing a 15.1% increase compared to March 2019. The first quarter of 2020 saw over 100,000 car sales, an 8.2% jump from the previous year.

Goods with ‘Made in Vietnam’ tags have become more popular in the United States as the world’s largest economy reduce its dependence on China’s...

A survey by NNA reveals that over 65% of Japanese manufacturers in Philippines, Indonesia, Malaysia, Thailand, and India are experiencing significant supply chain challenges due to the coronavirus pandemic, with most companies struggling to source parts and materials.

Apple has acquired Dark Sky, the beloved weather app known for its precise, hyper-local forecasts and clean interface. While the company sees this as an opportunity to reach more users, Android users are left disappointed as the app will soon be unavailable on their devices.