AJMAN / Emirates Business Ajman Free Zone signed a memorandum of understanding (MoU) with the Saudi German Hospital Ajman with the aim of providing health services to customers, investors, and employees. This step came as part of Ajman Free Zone’s efforts to provide services of various levels to customers and investors, to enable them to run their business easily and ...

DUBAI / WAM The UAE government will be activating remote work for a segment of federal government employees, effective from March 15 to March 26, and subject to renewal. The decision comes as a precautionary measure to the novel coronavirus and to safeguard the wellbeing of the community. Employees will be able to utilise the government’s technological systems and platforms ...

Dubai / Emirates Business Mohammed bin Rashid School of Government (MBRSG) has signed a Memorandum of Understanding (MoU) with Dubai Health Authority (DHA) to enhance academic cooperation and the exchange of knowledge with regards to policies, strategies, and management consulting. The agreement also seeks to train employees, hone their skills, develop research and studies, and organise discussion panels and workshops. ...

Bloomberg PG&E Corp said it largely supports a proposal from California’s top that would allow for greater oversight of the power giant if it fails to reform itself and causes another catastrophic fire after exiting bankruptcy. The company said it agrees with the establishment of a six-step enforcement process proposed by California Public Utilities Commission President Marybel Batjer. That would ...

Bloomberg New infections of the coronavirus in China dropped to single digits for the first time since the country began reporting daily numbers in mid-January. As of March 12, China has eight new cases and seven additional deaths, said the National Health Commission on on March 13. The dramatic plunge to a single-digit increase — from the height of nearly ...

Bloomberg Indonesia unveiled an emergency fiscal stimulus plan worth 22.92 trillion rupiah ($1.55 billion) as it seeks to protect Southeast Asia’s largest economy from the coronavirus crisis. The package which includes a raft of tax breaks, would help push the budget deficit to 2.5% of Gross Domestic Product (GDP), from an initial target of 1.76%, Finance Minister Sri Mulyani Indrawati ...

Bloomberg Workers in Japan’s biggest labour union are getting the smallest pay raise in seven years, another blow for households facing a higher sales tax and the likelihood of a deep recession triggered by the coronavirus. Average monthly pay for members will rise by 1.91%, according to initial results from this year’s wage negotiations released by the Japanese Trade Union ...

Bloomberg India’s move to restrict overseas travellers from entering the country is likely to weigh on economic growth and cause a loss of precious foreign exchange, Citigroup said in a report. Travel and tourism accounted for 9.2% of India’s gross domestic product in 2018 and provided for 8.1% of total employment, according to the World Travel and Tourism Council. Foreign ...

Bloomberg Malaysia adjourned former leader Najib Razak’s 1MDB trial over concern his lawyer may have been exposed to the new coronavirus. Former Prime Minister Najib’s entire defense team couldn’t attend the proceedings as they were ordered to self-quarantine, said a representative from the law firm Shafee & Co. His lawyer Muhammad Shafee Abdullah attended an event, when he came in ...

Bloomberg A monthlong lockdown in the Philippine capital to contain the spread of coronavirus is set to curb economic growth and make an interest-rate cut next week more likely. Growth could weaken to below 6% in the first quarter of the year, according to Nicholas Mapa, an economist at ING Bank in Manila. With more than 12 million people, the ...