Bloomberg The coronavirus outbreak couldn’t have come at a worse time for PT Garuda Indonesia, pummeling demand at the flag carrier just as it faces a debt bill for half a billion dollars. Debt market concern about sagging travel demand and the impact of financial market turmoil has caused Garuda’s $500 million notes due on June 3 to tumble to ...

Bloomberg An outbreak of four coronavirus cases tied to a Vietnam Airlines flight from London to Hanoi triggered hoarding in the Southeast Asian country’s capital, the lockdown of a central city neighbourhood and the home quarantine of an investment minister aboard the aircraft. A growing sense that the virus may be bypassing Vietnam, which hadn’t reported an official case in ...

Bloomberg If 2019 was a bad year for Tony Tan Caktiong, the Philippine tycoon who built a fast-food empire that trounced McDonald’s in his home market, 2020 is shaping out to be worse for his company’s stock. After wooing millions of Filipinos for decades with its signature fried chicken, Tan’s Jollibee Foods Corp set out on an expansion in the ...

Bloomberg Cathay Pacific Airways Ltd will suspend flights to and from Japan for three weeks after the Japanese government tightened quarantine rules on people arriving from Hong Kong. Flights to and from Hong Kong and four Japanese airports and cities — Tokyo’s Haneda airport, Fukuoka, Nagoya and Sapporo — will stop from Monday until March 28, and halted for Narita ...

Bloomberg The UK will withdraw as a member state of the European Union Aviation Safety Agency (EASA) after December 31, Aviation Week reported, citing an interview with Transport Secretary Grant Shapps. “We will leave EASA,” Shapps said in the interview. “A lot of the expertise they have is UK expertise, in fact. A lot of the key leading lights were ...

Bloomberg Finance chiefs from the world’s top industrial and emerging nations committed to “take further actions” to aid the world economy amid mounting fears the coronavirus is dragging it towards a recession. At the end of a week in which the virus spread and an emergency Federal Reserve rate cut failed to calm investors, Group of 20 finance ministers and ...

ABU DHABI / WAM ‘Mother of the Nation’ and Chairwoman of the General Women’s Union HH Sheikha Fatima bint Mubarak, on Saturday congratulated Emirati women and women all around the world on the occasion of International Women’s Day, which is observed on March 8. In a statement released on the occasion, HH Sheikha Fatima, who is also President of the ...

DUBAI / WAM The UAE and Montenegro agreed to bolster cooperation across areas of trade, investment, agriculture, food security, renewable energy, transport, entrepreneurship, start-ups, and innovative industries during the second meeting of the Joint Economic Committee held in Dubai. The two sides affirmed their interest in diversifying the base of economic exchange, generating more promising investment and business opportunities, sharing ...

Bloomberg The Opec+ alliance’s dramatic failure to reach an output deal is most obviously being felt in oil futures, which plunged the most since 2008 in London. A look at the less-conspicuous corners of the market reveal the scale of the impact. The potential collapse of the group led by Saudi Arabia and Russia is the latest blow to a ...

Dubai / WAM The General Directorate of Residency and Foreigners Affairs in Dubai (GDRFA-Dubai) said it has issued more than one million visas featuring the ‘Dubai, Capital of Arab Media 2020’ logo over the last four months. The logo appears at the bottom left-hand corner of the visa page. The initiative seeks to highlight the UAE’s status as a regional ...