Business News
The Latest: EU threatens AstraZeneca with export ban
The European Union’s executive arm is increasing its pressure on pharmaceutical companies to speed up their vaccine delivery to the continent as virus numbers are rising again in many member countries. The European Commission said Saturday that AstraZeneca in particular could face export bans to countries outside the EU if…
Indonesian tourism minister believes Riau can pave the way for 'safe travel corridor'
The Indonesian province closest to Singapore, the Riau Islands, including Batam and Bintan, is the area most ready to reopen to tourists from neighbouring countries as coronavirus infections have declined and stabilised, Tourism and Creative Economy Minister Sandiaga Uno has said. The plan is to start reopening tourist spots in…
Buyers line up to take over Piaggio interests
Four entities have replied positively to the invitation to file non-binding offers for the acquisition of the business complexes of Piaggio Aero Industries and Piaggio Aviation, the two companies in extraordinary administration operating under the Piaggio Aerospace brand. The proposals arrived on the table of the Piaggio Aerospace commissioner Vincenzo…
Indonesia plans Covid-19 ‘green zones’ in Bali, five-year visas to drive tourism recovery
Indonesia’s Ministry of Tourism and Creative Economy has embarked on an aggressive effort to initiate tourism recovery, including proposing a soft loan programme worth 9.9 trillion rupiah (US$712 million), giving out a second tranche of grant funding with an expanded recipient list, as well as prioritising vaccination for tourism frontliners.…
