Filipino mobile subscriptions set to witness ‘moderate growth’ in 2020
Telco opportunity to generate revenue through mobile data and fixed broadband plansThe highly saturated mobile telecom market in the Philippines is forecast to witness moderate growth in the...
Deutsche Bank restarts redundancy programme; views Covid as cost-cutting opportunity
While other banks are pushing the pause button on pre-Covid job cuts and digital transformation projects, Deutsche Bank is pressing ahead with plans laid down in 2019...and seizing the opportunity to make...
Aramco to review SABIC’s price after 40% drop in its value
State-owned oil company Saudi Aramco is seeking a review of the buying price for Saudi Basic Industries Corporation (SABIC) after its value dropped by 40 percent due to a slump in oil...
British Airways owner says flights could resume in July 2020 with 50% capacity
British Airways and Aer Lingus owner International Consolidated Airlines Group (IAG) said flights could resume with a 50% capacity by July.It comes as IAG announced a series of...
Malaysia’s telcos to enhance 4G connectivity ahead of 5G rollout
Malaysia’s oldest telecom provider Celcom
signed a Memorandum of Understanding (MoU) with Digi Telecommunications and
Maxis to explore jointly deploy fibre backhaul and rollout fibre to base
stations in the country, media reports said. The...
Lufthansa Group may halve capacity and ground all A380s in March due to coronavirus
The Lufthansa Group has
announced that it may reduce capacity by up to 50 per cent in the coming weeks,
due to the “exceptional circumstances” caused by the spread of the coronavirus
(‘Covid-19’).
HSBC combines wealth and retail banking to create new global business
HSBC, as part of its restructuring, seeks to
venture into China’s wealth market by combining its private bank with its
wealth management and retail banking businesses, media reports said. With that,
HSBC has established a...
Apple Warns Stores About a Shortage of Replacement iPhones
Apple Inc. warned retail employees about shortages of
replacement iPhones, another sign the coronavirus outbreak is straining the
company’s supply chain.The company recently told technical support
staff at stores that replacement iPhones...
Samsung wins $952 mn contract to develop power plant in the UAE
Samsung’s global construction and engineering unit,
Samsung Construction and Trading has won a $952 million contract from the
Emirates Water and Electricity Company (EWEC) to build a 2,400 MW combined
cycle power plant in Fujairah,...
Vietnam Airlines signs JV deal with ST Engineering for MRO services
Vietnam Airlines has entered into a joint venture with ST
Engineering, a Singapore-based aerospace engineering group, to provide
maintenance, repair, and overhaul (MRO) services to Vietnam Airlines and other
partnered airlines.According...
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