Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.
1. AirAsia Group prepares to recall furloughed staff in January and rehire retrenched employees amid an expected earnings recovery.
2. Fitch Solutions Country Risk and Industry Research expects the government’s debt limit to be raised to 70% of GDP by the next election in July 2023.
3. Deloitte Asia Pacific tax partner Mark Chan says “Cukai Makmur” should not be imposed according to the size of organisations.
4. SCIB axes six EPCC contracts in Qatar and Oman to mitigate risks arising from long-overdue debts owed by its clients.
5. Hup Seng Industries says 3QFY21 net profit shrank by 65.9% on lower sales and higher raw materials costs.