Mamallapuram’s small businesses are hopeful that the 44th Chess Olympiad will put their hometown in the global map

City state yet to benefit from rebound in global oil market

Crisis has exposed the dissonance between the tycoon’s public image and reality

Jump in interest rates leaves companies with restricted access to credit in vulnerable state

At least 10 stores inside the Portmore Mall have fallen casualty to the economic chokehold brought on by the COVID-19 pandemic, with several others struggling to stay afloat as St Catherine businesses grapple with revenue losses. And with a 14-day...

Some businesses have been more successful than others finding ways with new business practices to maintain the same level of success they did pre-pandemic. 

Source: www.reuters.com - Saturday, May 09, 2020
Malaysia's government extended the time frame for movement and business curbs by another four weeks to June 9, amid a gradual reopening of economic activity stunted by the coronavirus pandemic.

LAHORE: The Punjab government has extended the lockdown relaxations to more businesses, markets and trades, subject to observance of the standard operating procedures and security measures till May 31.According to a handout issued on Saturday, the provincial government said relaxations were...

Company owners and executives top donors to Republican billionaire

RAWALPINDI: Federal Minister for Industry and Production Hamad Azhar has said that two more new schemes are being introduced for small businesses.The government is well aware of the challenges being...

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Measures should be taken to help small businesses and industries in case the lockdown is eased so that they can resume their operations.Karachi Mayor Wasim Akhtar said this as he met a delegation of the Akbar Road Market shopkeepers at his office on Saturday. He told the delegation that business...

In the time of the novel coronavirus, it's anything but normal for one part-time florist as Mother's Day approaches.   

So what would the public like to hear from the Prime Minister tomorrow? And how are businesses coping while the lockdown restrictions remain in place? 

Malaysia's government extended the time frame for movement and business curbs by another four weeks to June 9, amid a gradual reopening of economic activity stunted by the coronavirus pandemic.

While we've been self-isolating during coronavirus, many of us have become used to having everything from fruit and vegetables to alcohol, books and music delivered to our homes, but is it sustainable for businesses?

Malaysia's government extended the time frame for movement and business curbs by another four weeks to June 9, amid a gradual reopening of economic activity stunted by the coronavirus pandemic.

Measures announced by the govt, such as tax and loan deferments, are unlikely to boost VC investments.

The post Malaysia’s latest stimulus package gets thumbs down from businesses, investors appeared first on DealStreetAsia.

The program will provide 20-40 million ringgit to Malaysian companies looking for capital.

The post Malaysia’s COPE Private Equity launches $41m program to back local businesses appeared first on DealStreetAsia.

With states and Centre set to meet this week to chalk out jurisdiction over assessees under goods and services tax (GST).

Small and medium-sized businesses (SMEs) requesting loans between 2007 and 2010 faced higher interest rates than for large companies. Loan conditions for SMEs included shortened maturities and increased demands for collateral, suggesting that banks considered smaller firms to be a higher risk.

Financing conditions for small and medium-sized enterprises (SMEs) remain a pressing concern in many countries, according to a new OECD report.

Lifting many of the regulations stifling business competition in Greece would benefit both consumers, through lower prices, and firms, via higher turnover, according to the OECD.

Businesses need to step up the adoption of cutting-edge technologies, materials and processes if countries are to reap their full potential in terms of productivity gains, according to a new OECD report.

Businesses need to step up the adoption of cutting-edge technologies, materials and processes if countries are to reap their full potential in terms of productivity gains, according to a new OECD report.

This report aims to help environmental and other competent authorities in OECD countries to promote green business practices among small and medium-sized enterprises (SMEs). It analyses different ways to establish environmental regulatory requirements for facilities with low environmental risk (most of which are SMEs).

The OECD has released a study to help all countries understand and address the risks of sales suppression software. It describes some of the most common electronic sales suppression techniques and shows how these methods can be detected by tax auditors. The report also considers the approaches already adopted by countries in combating this risk and highlights a number of best practices.

Malaysia's government extended the time frame for movement and business curbs by another four weeks to June 9, amid a gradual reopening of economic activity stunted by the coronavirus pandemic.

Malaysia's government extended the time frame for movement and business curbs by another four weeks to June 9, amid a gradual reopening of economic activity stunted by the coronavirus pandemic.

Shriya Saran urges fans to help small businesses during the COVID-19 crisis

Businesses are cutting back on hours to avoid having to provide health care coverage under the new Affordable Care Act.

Steve Julian: Business analyst Mark Lacter, who's affected here?

Mark Lacter: Thirty hours a week is the magic number for workers to be considered full time under the new law.  If a business has 50 or more full-time employees, health care coverage has to be provided.  Except that a lot business owners say that the additional cost is going to be a financial killer, so instead, some of them have been cutting back hours to below that 30-hour threshold.  More than 200,000 Californians are at risk of losing hours from the health care law - that according to one study.

Julian: What kinds of businesses are doing this?

Lacter: Restaurant chains have received much of the attention, but the city of Long Beach, as an example, is going to reduce hours for a couple of hundred of its workers.  And, last week came word that the L.A.-based clothing chain Forever 21 will cut some of its full-time employees to a maximum 29-and-a-half hours a week, and classify them as part time.  That touched off an outcry on the Internet - people were saying that Forever 21 was being unfair and greedy - though the company says that only a small number of employees are affected, and that its decision has nothing to do with the Affordable Care Act.  There's really no way to know - Forever 21 is a private company, which means it's not obligated to disclose a whole lot.  What we do know is that those people will be losing their health care coverage.

Julian: And, the ultimate impact on businesses and workers?

Lacter: Steve, you're looking at several years before the picture becomes clear.  Here in California, workers not eligible for health care through their employer can get their own individual coverage, and if their income levels are not over a certain amount, they'd be eligible for Medicaid.  And, let's not forget many businesses already provide coverage for their employees.  So, lots of rhetoric - but, not many conclusions to draw from, which does make you wonder why so many business owners are unwilling to at least give this thing a chance.  Just doesn't seem to be much generosity of spirit for their workers, not to mention any recognition that if people can go to a doctor instead of an emergency room we'd probably all be better off.

Julian: Health care is far from the only controversy for Forever 21, true?

Lacter: In some ways, it's one of the biggest Southern California success stories.  Don Chang emigrated here in 1981 from Korea at the age of 18, opened his first store in Highland Park three years later (it was called Fashion 21), and he never looked back.  Today, revenues are approaching $4 billion.  But, the guy must have some pretty hefty legal bills because his company has been accused of all kinds of workplace violations.  The lawsuits alleged that workers preparing items for the Forever 21 stores didn't receive overtime, that they didn't get required work breaks, that they received substandard wages, and that they worked in dirty and unsafe conditions - sweatshop conditions, essentially.

Julian: Are most of their claims settled out of court?  You don't hear much about them.

Lacter: They are, which means there's usually a minimal amount of media coverage.  If a privately held company decides to keep quiet by not releasing financial results or other operational information, there's not likely to be much of a story - unlike what happens with a company like Apple, which is always under scrutiny.  Sometimes, plaintiffs will try to organize class-action suits, but that's extremely tough when you're dealing with low-wage workers who are often very reluctant to get involved because of their legal status.  And, let's not forget that Forever 21 - like any low-cost retailer - is simply catering to the demand for cheap, stylish clothes that are made as quickly as possible.

Julian: I guess you can't make that happen when wages and benefits are appreciably higher than your competition.

Lacter: The next time you walk into a Forever 21 store and wonder how prices can be so reasonable, that's how.

Mark Lacter writes for Los Angeles Magazine and pens the business blog at LA Observed.com.

This content is from Southern California Public Radio. View the original story at SCPR.org.

California Governor Gavin Newsom speaks to the press in the spin room after the sixth Democratic primary debate of the 2020 presidential campaign season co-hosted by PBS NewsHour & Politico at Loyola Marymount University in Los Angeles, California on December 19, 2019. ; Credit: AGUSTIN PAULLIER/AFP via Getty Images

After nearly two months of “safer at home” during the COVID-19 outbreak, the state of California appears to be taking its first steps towards reopening businesses and restarting the economy.

Governor Gavin Newsom announced on Monday during the daily press briefing he has held since the start of the outbreak that California will be entering the first phase of its four-stage plan and allowing certain retail businesses like bookstores, music stores, sporting goods stores and florists to reopen for pickup as early as Friday. Manufacturing and logistics can start in the retail supply chain again as well. There are also local control measures in effect that allow certain municipalities to decide themselves whether to move farther ahead in the process and reopen certain things like restaurant dining rooms, though anyone deciding to do so would have to submit “containment plans” to the state. Two cities in Orange County, which has been involved in a back-and-forth with Sacramento over his order last week closing all state and local beaches in OC, have been cleared to reopen their beaches after they submitted plans to the state last week for how they’d reopen the beaches while safely controlling crowds.

Guests:

Erika Ritchie, reporter for the Orange County Register covering South Orange County Coastal Communities; she tweets @lagunaini

Donald Wagner, Orange County Supervisor, 3rd District, which includes Anaheim Hills, Irvine, Orange, Tustin, and the unincorporated canyons; former Mayor of Irvine (2016-2019); tweets @DonWagnerCA 

Bob Whalen, mayor of Laguna Beach

Karen Farrer, mayor of the City of Malibu

Robert Garcia, mayor of Long Beach; he tweets @LongBeachMayor

This content is from Southern California Public Radio. View the original story at SCPR.org.

People wait in line to receive food at a food bank on April 28, 2020 in the Brooklyn borough of New York City.; Credit: Spencer Platt/Getty Images

United States unemployment has reached record numbers with more than 30 million Americans applying for benefits in just six weeks, according to the Guardian. Economists expect the labor market to take another unprecedented blow for the month of April. 

Roughly one in five people in California's workforce have applied for initial unemployment insurance benefits, including a "staggering" 37% of workers with no more than a high school diploma. That's the estimate of a  study from the California Policy Lab that analyzed unemployment insurance claims from March 15-April 11. According to the California Economic Development Department (EDD), L.A. County's unemployment rate jumped from 4.3% in February to 6.3% in March. The state of California launched its Pandemic Unemployment Assistance program last week, giving many independent contractors their first chance to apply for benefits.But applicants have had a tough time getting through the system because of technical difficulties with the state's website.

Today on AirTalk we check in on unemployment in the state. Plus, some people are making more money through unemployment benefits than when they were working. We talk to the writer of a recent Wall Street Journal piece that looks at the challenges that presents for businesses as states look to slowly reopen. Do you have questions about unemployment across the state or the application process? Join the conversation by calling 866-893-5722. 

With files from LAist. Read more from David Wagner here. 

Guests:

Eric Morath, labor economics and policy reporter for the Wall Street Journal, he’s based in Washington D.C.; he tweets @EricMorath

George Warner, attorney in the Wage Protection Program at Legal Aid at Work, a San Francisco based nonprofit law firm that assists low-income, working families throughout California; he tweets @readerznriderz

This content is from Southern California Public Radio. View the original story at SCPR.org.

Amoeba Music store, a Hollywood landmark is closed amid the COVID- 19 pandemic, on May 7, 2020, in Hollywood, California. ; Credit: VALERIE MACON/AFP via Getty Images

The City and County of Los Angeles began the process today of reopening some parts of the economy that had been shuttered due to COVID-19. 

Starting today, businesses including book stores, toy stores, sporting goods stores, florists and other “low-risk” retailers will be allowed to reopen for curbside service only. All other shopping will still need to be done over the phone or online. Businesses will also have to have strategies in place for stemming the spread of COVID-19 on site, which will need to include employee training, sanitation protocols and even screening measures. Offices, dine-in restaurants and shopping malls remain closed, as do beauty salons, barbershops, live event venues and other places where people might be in close proximity. Meanwhile, in Orange County, the final stretches of coastline were approved to reopen on Thursday, though they are under the same “active use” rules that the other beaches in OC have implemented in order to prevent people from congregating on beaches and in parking lots.

Today on AirTalk, we’ll talk about the specifics of what is and is not reopening today in L.A. City and County, get an update from the Los Angeles Flower Market in downtown, and find out about the latest on Orange County Beaches.

Guests:

Emily Guerin, reporter for KPCC covering small businesses; she tweets @guerinemily

Lisa Brenner, associate editor at LAist; she tweets @lisa_brenner

Laylan Connelly, beaches reporter for The Orange County Register; she tweets @ocbeaches

Candice Kim, whose parents owns a flower shop in Downtown LA that reopened today.

This content is from Southern California Public Radio. View the original story at SCPR.org.

Tourism businesses operating in protected conservation areas in Europe engage in a high number of sustainable practices, a recent survey of over 900 small-to-medium enterprises (SMEs) reveals. Reasons for their sustainable behaviour include cutting costs, improving company image and lifestyle choices.

A recent survey of businesses in France, Germany and the UK has revealed that they recycle and refurbish much of their waste electrical and electronic equipment (WEEE). However, some of this information is not being reported under the EU’s WEEE Directive because the waste is being disposed of informally or by contractors, rather than by manufacturers who are responsible for the whole life cycle of the products.

The exact impact of environmental law on investment by EU industry is relatively unknown. A new study has explored the effects of regulation on four types of industry investment and the results indicate that, in general, regulation tends to encourage more investment, but if restrictions are too tight investment levels can start to fall.

The uncertain economic climate has severely affected companies’ decisions on whether to renew Eco Management and Audit Scheme (EMAS) certification in Spain, a recent survey indicates. The study suggests that a company is less likely to renew if initial certification was mainly motivated by government subsidies and grants than if certification is believed to improve business performance.

Digital marketing is a particularly strong capability for Indian companies, according to the new global study by Infosys Knowledge Institute.

A new study has looked at why and how much private sector companies are prepared to invest in Payment for Ecosystem Services (PES) schemes for tropical forests. Understanding companies' motivations and expectations can help develop new sources of funding for PES schemes from the private sector, increasing the area of tropical forest conserved worldwide.

Defecating sea lions and marine birds wreak economic havoc on the affluent oceanside San Diego community of La Jolla.

Donations to environmental organizations from many businesses to remain consistent in 2009.