Archive for May 22nd, 2020

COVID-19: Villagers forego traditional ‘lockdown’ for PSBB in S. Sumatra

22-May-2020 Intellasia | JakartaPost | 10:07 AM

For the residents of Jermun village in Ogan Komering Ilir regency, Palembang, South Sumatra, the physical restrictions imposed in the wake of the COVID-19 outbreak are [...] » More

Astra Financial restructures $1.48 billion in loans

22-May-2020 Intellasia | JakartaPost | 10:05 AM

Astra Financial, a lending consortium under diversified conglomerate Astra International, has restructured loans to some 792,000 customers worth a total of Rp 21.9 trillion [...] » More

Ministry sanctions Batik Air for physical-distancing violations

22-May-2020 Intellasia | JakartaPost | 10:04 AM

The Transportation Ministry has suspended a flight operated by Batik Air on the Jakarta-Denpasar, Bali, route as the airline was found to have violated physical-distancing [...] » More

Lion Air Group cuts salaries, bonuses but says no layoffs in sight

22-May-2020 Intellasia | JakartaPost | 10:03 AM

Lion Air Group has cut salaries and delayed Idul Fitri bonus (THR) payments to employees while giving an assurance that no job terminations are in the pipeline as the airline [...] » More

Asia virus latest: cyclone prompts infection fears; Tokyo 2020 logo row

22-May-2020 Intellasia | AFP | 9:37 AM

Here are the latest developments from Asia related to the novel coronavirus: - Millions cram cyclone shelters despite virus risks - At least 88 people died as the fiercest [...] » More

Alibaba, Deere, Foot Locker earnings on deck: What to know in markets Friday

22-May-2020 Intellasia | YahooFinance | 9:36 AM

Three big earnings announcements from Alibaba (BABA), Deere (DE) and Foot Locker (FL) will be in focus Friday. Chinese tech giant Alibaba’s cloud and sales will be [...] » More

Asia shares set to fall as Sino-US strains hit confidence

22-May-2020 Intellasia | Reuters | 9:35 AM

Asian shares were set for another retreat on Friday as US-China tensions curbed investor risk appetite and caused global equity markets to stumble. Hong Kong futures fell [...] » More

Calls for protest march in HK as China pushes new security laws

Calls for protest march in HK as China pushes new security laws

22-May-2020 Intellasia | Reuters | 9:34 AM

Hong Kong activists on Friday made online calls for a march against China’s plans to impose national security legislation on the semi-autonomous city which many fear [...] » More

Factbox: China finally moves towards tougher national security laws for HK

22-May-2020 Intellasia | Reuters | 9:31 AM

Beijing is moving to impose new national security legislation on Hong Kong, it announced on Thursday, following last year’s often violent anti-China unrest that plunged [...] » More

Key points about China’s legislative session

Key points about China’s legislative session

22-May-2020 Intellasia | AP | 9:28 AM

Thousands of delegates from across China are in Beijing for this year’s annual session of the country’s rubber-stamp legislature and its advisory body, meetings [...] » More

If the US seeks ‘to contain China’, the country will firmly defend its interests, top Chinese legislature official says

22-May-2020 Intellasia | South China Morning Post | 9:24 AM

A top official of China’s legislature said the country will firmly defend its interests if the US seeks to contain it, and hinted it will not reduce military spending [...] » More

US says Beijing’s new proposal undermines HK’s semi-autonomy, with Donald Trump vowing to respond ‘very strongly’ if it’s enacted

22-May-2020 Intellasia | South China Morning Post | 9:23 AM

The US State Department accused China on Thursday of turning its back on commitments to keep Hong Kong semi-autonomous, after Beijing announced it was proposing national [...] » More

US warns China against ‘highly destabilising’ HK move

22-May-2020 Intellasia | AFP | 9:21 AM

The United States on Thursday urged China to respect Hong Kong’s autonomy, warning that its proposed national security law for the city would be “highly [...] » More

China’s premier to address nation on pandemic, economy

22-May-2020 Intellasia | AFP | 9:19 AM

Chinese Premier Li Keqiang will address his nation on the coronavirus, economy and other high-stakes issues on Friday to kick off an annual legislative session in the shadow [...] » More

No annual growth target for virus-hit China, a first in years

22-May-2020 Intellasia | AFP | 9:17 AM

China took the rare move of not setting an annual growth target this year after the coronavirus battered the world’s second-largest economy and ravaged global growth, [...] » More