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Honda to halt production in the Philippines, leaving 400 Filipinos jobless

Japanese automobile maker Honda announced that it will close its production plant in Laguna, Philippines by March to meet customers’ needs through “efficient allocation and distribution of resources.” “As such, after consideration of optimization efforts in the production operations in Asia and Oceania region, Honda decided to close the manufacturing operations of HCPI (Honda Cars Philippines […]

Japan’s auto industry forms task force vs COVID-19

Japanese automakers, in coordination with the central government, have created a task force aimed at addressing the growing threat of the coronavirus outbreak to the country’s automotive industry. The COVID-19 brought wide-ranging impact on the said industry with the extended closure of auto plants in China, including Japanese manufacturers like Honda, Mazda, Mitsubishi and Toyota. According […]

Indonesian bank trims rates to head off coronavirus impact

The central bank of Indonesia has cut its interest rates by 25 basis points to 4.75% to prevent the impact of the COVID-19 outbreak that hammers the country’s travel, tourism and trade industries. Although Indonesia has not reported any confirmed case of the deadly virus, officials are worried about the fallout from the epidemic. The closure […]

Japanese couple who operated an educational institution sentenced to prison for...

Yasunori Kagoike, the former head of a Japanese institution named Moritomo Gakuen, and his wife, Junko, were found guilty of defrauding the central and local governments. The couple had been indicted for receiving public subsidies worth ¥56.4 million from the national government for the construction of an elementary school in Toyonaka, Osaka Prefecture between 2016 […]

Malaysian fugitive Jho Low spotted in virus-hit Wuhan

The fugitive Malaysian financier Low Taek Jho, commonly known as Jho Low, was recently spotted in the coronavirus-center Chinese city according to Malaysian authorities. “Previously, we did receive intelligence that he was active in Wuhan,” said Inspector-General of Police Abdul Hamid Bador. Low is wanted for his huge role in a massive graft scandal, siphoning […]

Huawei’s lawsuit challenging US purchase ban rejected

Chinese technology giant Huawei loss its legal challenge of the constitutionality of a US law that restricts federal agencies from purchasing its products. A US judge...

Malaysian manufacturers of hygiene products struggle to meet surging demand amid...

Producers of disinfectants, hand sanitizers, and rubber gloves in Malaysia are struggling to provide global requests which have ballooned due to the COVID-19 outbreak, which has now claimed more than 2,000 lives in China. Channel News Asia reported that local manufacturers of sanitizing products could not produce the expected demand because they lack materials which […]

Uninfected passengers disembark from virus-hit ship in Japan

Around 500 passengers of the cruise ship Diamond Princess who tested negative and showed no symptoms of coronavirus infection were allowed to leave on Wednesday. They were...

Philippine Airlines appoints new president, raises capital stock by 130%

The flag carrier airline of the Philippines announced that it will now be controlled by Lucio Tan as he was recently appointed as the...

India emerged as 5th world’s largest economy with $2.94 trillion GDP

US-based World Population Review announced that India claimed the fifth position in the world’s largest economy rankings for 2019, surpassing the United Kingdom and...
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