Business

A Filipino-Chinese businessman was arrested in Manila for selling overpriced medical supplies during the coronavirus pandemic. Jackson Chua was caught selling non-contact infrared thermometers for P4,700 each, with authorities confiscating 100 units valued at P235,000.

The Australian government pledged $79.85 billion to subsidize salaries for over 6 million workers impacted by coronavirus. Prime Minister Scott Morrison emphasized the importance of maintaining economic activity, describing the package as an incentive for businesses to retain staff during the pandemic.

Despite global travel restrictions, Qatar Airways remains operational, flying to key regions and responding to government requests for repatriation flights amid the coronavirus pandemic.

Google is providing $340 million in Ads credits to small and medium-sized businesses with active accounts. As part of a larger $800+ million commitment, CEO Sundar Pichai aims to support businesses struggling during the coronavirus pandemic, offering financial relief to help companies navigate economic challenges.

Gardenia Bakeries (KL) Sendirian Berhad addressed a viral video showing a delivery man allegedly stealing bread slices, stating that the video was from the Philippines, not Malaysia. The incident occurred in September last year, was investigated by Gardenia Philippines, and involved stocks scheduled for disposal.

The Association of Asia Pacific Airlines revealed a 43.9% decline in international passenger demand in February. Airline operations plummeted as global travel bans were implemented, with carriers reducing or suspending international flights. Total passengers carried dropped to 17 million, with revenue passenger kilometers falling by 34.8%.

Prime Minister Narendra Modi announced a complete nationwide lockdown affecting 1.3 billion people to combat coronavirus. All 36 states and territories will be under strict restrictions for at least 21 days, with only essential services like hospitals remaining operational.

World stock markets sharply soared Tuesday after the US announced a potential $1.8 trillion financial relief package. President Trump's administration and Congress are close to finalizing a deal aimed at cushioning the economic blow from the coronavirus pandemic.

As employees worldwide shift to remote work during the COVID-19 pandemic, South Korean exports of teleconferencing equipment and semiconductors have seen significant growth. Cloud computing demand and increased telecommuting in the US and China have driven sales of server chips and related technology.

Spritzer Berhad, Malaysia's largest bottled water company, aims to boost production to 900 million bottles annually. The company will install two new high-speed automated bottling lines in Shah Alam and Yong Peng to meet growing consumer demand and increase market share in the bottled water industry.