,In a webinar two days ago, Khairy Jamaluddin, who was appointed Health Minister yesterday, argued that lives vs livelihoods need not be a zero sum game as we open our economy.
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Business Summary from Aug 23 to 28
S P Setia director Noraini passes awayS P Setia Bhd announced the demise of its director and audit committee chairman Noraini Che Dan yesterday. Noraini was appointed to the board on Sept 11, 2015. She has touched the lives of many and her stewardship will never be forgotten. AirAsia-rolls-out-ride-hailing-service" style="color:blue; text-decoration:underline" target="_blank">AirAsia rolls out ride-hailing service AirAsia Group Bhd has launched its very own ride-hailing services dubbed as Airasia ride as the airline industry continues to struggle with the Covid-19 pandemic and travel bans. The service is available on the Airasia.com application, which already offers services such as food and grocery delivery. Airasia Super App CEO Amanda Woo said Airasia ride drivers would not only focus on moving people but also moving packages and food. Coronavirus Outbreak
A much needed reset for the futureInbound and outbound tourism will recover very slowly depending on the opening of borders by highly vaccinated countries. Domestic tourism is the low hanging fruit that can be easily plucked for instant employment opportunities and reviving the severely-hit hotels and accommodation businesses. Local spending will have a multiplier effect on small businesses along the highways and byways. Malaysian Airlines and AirAsia can start building capacity with a clear roadmap ahead. In a webinar two days ago, Khairy Jamaluddin, who was appointed Health Minister yesterday, argued that lives vs livelihoods need not be a zero sum game as we open our economy. Once our population is fully vaccinated, we must still practice safe SOP’s of wearing masks, sanitising our hands and keeping safe distance policies in enclosed spaces. I fully agree with him.
Penang residential sector on recovery pathWHILE uncertainties of the pandemic continue to loom, experts are optimistic that the Penang residential property market is already on its path towards recovery. The residential sub-sector will continue to dominate the Penang property market, especially the affordable housing sector. For the Penang market, Rahim & Co Research says demand may still hold up and be merely delayed from the lockdown, as developers are still actively looking to launch and develop new products into the market via digital marketing, virtual viewings and proptech mediums. Banking
Maybank discontinues Fitch’s rating servicesMalayan Banking Bhd