Bloomberg Bill Heinecke thought he’d seen it all in a decades-long career running hotels: the Asian and global financial crises, Sars, and military coups in his adopted home, Thailand. But the current pandemic tops all that, he says. Minor International Pcl, the hospitality group the tycoon founded in Bangkok, has furloughed thousands of workers and temporarily closed a majority of ...

Bloomberg BP Plc confirmed its commitment to completing the sale of its Alaska business to Hilcorp Energy Co, but said financial terms had been adjusted to reflect market conditions. The renegotiation of the deal will come as a relief to the London-based oil major, which is leaning on asset sales to rein in its debt and sustain its dividend amid ...

Bloomberg Manila Electric Co is slashing its capital spending budget by almost half as the largest Philippine power retailer sees lower demand this quarter, with the coronavirus outbreak shutting many businesses. Capital expenditure for infrastructure projects will be cut to 9.3 billion pesos ($183.38 million) from the 17.8 billion pesos initially planned at the start of the year, Meralco Senior ...