Articles by: Covington Contributor

AirAsia restaurant concept brings its inflight menu down to earth

AirAsia restaurant concept brings its inflight menu down to earth

A new AirAsia restaurant opened in a Kuala Lumpur shopping mall is serving inflight meals on the ground. The Malaysian-headquartered budget carrier has opened its first restaurant Santan and T&CO in Kuala Lumpur, marking its footprint in the retail food business. More outlets are already being planned along with an offshore foray. Located at the Mid Valley Megamall, the AirAsia […]

by × December 11, 2019 ×
Shake Shack to double down in Singapore, Philippines

Shake Shack to double down in Singapore, Philippines

Fast-food chain Shake Shack has announced new outlets in Singapore and Manila after enjoying early success with its debut stores in the two Southeast Asian cities. In Singapore, the US fast-food chain is bringing what it describes as its “design-driven restaurant” concept to Singapore’s CBD next year after its successful debut at Jewel Changi shopping center. Located in a historic […]

by × December 11, 2019 ×
Central bank cuts compulsory reserve interest rates

Central bank cuts compulsory reserve interest rates

The State Bank of Vietnam (SBV) announced Monday it has lowered the interest rates on compulsory reserves at banks by 0.4 percentage points. The new compulsory reserve interest rate has been reduced to 0.8 percent per annum for dong deposits, down from 1.2 percent prior. This change came into effect on Sunday. A compulsory reserve is a minimum amount calculated […]

by × December 11, 2019 ×
Qualcomm unveils world’s biggest fingerprint sensor for smartphones

Qualcomm unveils world’s biggest fingerprint sensor for smartphones

Qualcomm was the first company to introduce an under-display ultrasonic fingerprint scanner, the 3D Sonic Sensor, the same piece of technology that’s now embedded under Samsung Galaxy S10’s stunning display. Fast forward one year and the US company  an upgrade to its last year ultrasonic fingerprint scanner, the 3D Sonic Max, which promises to accurately scan a fingerprint in three […]

by × December 11, 2019 ×
Founders of Google announce a major corporate restructuring

Founders of Google announce a major corporate restructuring

Today, Larry Page and Sergey Brin, the co-founders of Google, announced that they would step down from their respective roles in Alphabet Inc., the parent company of the world’s largest search engine. Continuing forward, current Google CEO Sundar Pichai will take the chief executive officer position at Alphabet while retaining his role at Google. This change comes after four years […]

by × December 11, 2019 ×