Bloomberg Indian Hotels Co, the luxury hotel chain run by the Tata Group, used the coronavirus-imposed lockdown to see where it could save costs. “This was the historic opportunity to review our fixed and variable costs,” CEO Puneet Chhatwal said. “The industry never experienced such a revenue decline in last 100 years.” The firm, which owns the iconic Taj brand ...

Bloomberg The Hong Kong government is scrapping an extra stamp duty levied on commercial property purchases in an effort to bring the lackluster market back to life. The government will abolish the additional duty for non-residential properties effective from Thursday, Chief Executive Carrie Lam said during a speech. The levy of as much as 8.5% of a property’s value was ...

Bloomberg The Philippines has set a price cap for Covid-19 swab tests amid complaints of exorbitant and wide price disparity, Health Secretary Francisco Duque said. The price for real-time reverse transcription polymerase chain reaction or RT-PCR test is capped at 5,000 pesos ($104) in private hospitals and 3,800 pesos in government laboratories, Duque said in a briefing. Some testing centres ...