Bloomberg Philippine Airlines Inc, owned by billionaire Lucio Tan, said it will cut 2,300 jobs or about a third of its workforce by mid-March as it continues to take a beating from the pandemic. “This has been an extremely difficult and painful decision,” President Gilbert Santa Maria said. The job cuts, first announced in October, include voluntary and involuntary separations, ...

Bloomberg Supporters of Myanmar’s military rallied in the nation’s largest city as it moved to suspend all flights through April, raising fresh concerns about the army’s crackdown a day after it seized power in a coup and detained senior government officials and activists. The rally in the commercial capital Yangon is the first since de facto leader Aung San Suu ...

Bloomberg India’s central bank is under pressure to step in to keep yields in check after the government surprised bond markets with a bigger-than-expected borrowing plan. That puts the burden on Governor Shaktikanta Das to calm bond traders when he meets to decide policy on Friday. He’s already had to assuage them that a recent measure to mop up excess ...