Merry Gel Sigui
A multimedia journalist focused on producing articles about controversial global issues specifically on business, economy, politics, and technology. A strong believer in freedom of the press and exposing the wrong. only through engagement and communications can we as humans evolve.
An accredited member of a leading local broadcast media organization.
Singapore Airlines grounds hundreds of planes, trims 96% of capacity
Singapore Airlines has grounded 185 of its 196 aircraft, including Airbus A380s and Boeing 787s, as global travel demand collapses amid coronavirus pandemic. The flag carrier will slash 96% of its scheduled capacity through April, significantly impacting passenger revenues.
Philippines mandates BPOs to settle “Work from Home” policies until March...
The Philippine Government has ordered Business Process Outsourcing (BPO) companies to finalize their Work from Home arrangements by March 29. The directive allows BPO workers to transport their equipment home and requires export-oriented companies to provide alternative work policies and employee accommodations during the enhanced community quarantine.
Indonesia set to surge oil imports as global crude prices plunge
Indonesia's Energy Ministry will increase oil import volumes while global crude prices remain low. The recent oil price war between Saudi Arabia and Russia has driven Brent crude futures down to $26.17 per barrel, the lowest since 2003. President Joko Widodo views this as an opportunity for the country.
Malaysia maintains stock trading amid coronavirus lockdown
Despite calls to suspend trading, Malaysian authorities and Bursa Malaysia confirm continued stock exchange operations. The Association of Stockbroking Companies urged market closure, but regulators believe suspension would cause more harm than good during the coronavirus pandemic.
Economists: Global market is already in recession due to coronavirus pandemic
American and European economic experts assert that the global economy is already in recession, with 31 out of 41 economists polled by Reuters confirming the coronavirus pandemic's severe economic impact. JP Morgan's research head Bruce Kasman predicts worldwide economic contraction between February and April.
Volkswagen hit with $34 Billion fine over diesel scandal; shares plan...
Volkswagen will pay $34.69 billion in fines and settlements related to the 2015 "dieselgate" scandal, where the automaker was caught using defeat devices to manipulate emission test results. The financial impact has led to management changes and extensive legal investigations, with the company projecting significant financial effects in 2020 and 2021.
Japanese retail giant Uniqlo reopens stores in China
Japanese fashion retailer Uniqlo has reopened most of its stores in China, with only 30 of 750 locations remaining closed. The company previously shuttered over 300 stores and factories due to the coronavirus pandemic, significantly impacting its revenues in a key market.
Internet speed slows down globally due to coronavirus
As coronavirus spreads, billions struggle with internet limitations. Countries implement work-from-home policies and online learning, but technological infrastructure faces unprecedented pressure to maintain reliable connectivity during global quarantine measures.
Gas station owner charged for $500M fraud scheme
Lev Dermen, a California gas station owner, was found guilty of a $500 million fraud scheme involving false biodiesel production claims. Working with Utah polygamists Jacob and John Kingston, Dermen helped fraudulently claim federal renewable fuel credits, facing up to 180 years in prison for conspiracy and money laundering.
Amazon becomes “go-to” e-commerce site amid coronavirus
As COVID-19 spreads globally, Amazon has experienced a significant increase in orders for groceries, household items, and medical supplies. With millions confined at home, the e-commerce giant is temporarily prioritizing essential products to meet urgent consumer needs during the crisis.
