Friday, January 24

Month: November 2021

Malaysia – Singapore to reopen borders from November 29 through VTL
Lifestyle, News

Malaysia – Singapore to reopen borders from November 29 through VTL

Malaysia and Singapore will reopen their borders for both countries through the Vaccinated Travel Lane (VTL) between Kuala Lumpur International Airport and Singapore Changi Airport.“Malaysia and Singapore will launch a VTL between Changi Airport and Kuala Lumpur International Airport from Nov 29,” Prime Minister Datuk Seri Ismail Sabri Yaakob and his Singapore counterpart Lee Hsien Loong said in a joint statement on November 8.The decision was made based on the significant progress on vaccination activities and Covid-19 management of both countries.He said in the statement that VTLs would allow travel between the two countries to gradually open responsibly in balancing the needs of the economy and the safety and health of people from Covid-19.Both prime ministers look forw...
IKEA warns on increase of price in 2022
Business, News

IKEA warns on increase of price in 2022

IKEA Chief Financial Officer, Martin Van Dam has warned that the price of furniture of the renowned Swedish furniture company would most likely increase in 2022. This is highly due to the shortage of supply chain and the high demand besides labor shortage that they faced throughout the pandemic. The increase of demand is due to customers worldwide especially throughout the pandemic as people have been working from home to buy necessities for their home office. "Keeping IKEA stores and warehouses stocked has been a challenge. Supply-chain disruptions led to a substantial drop in the availability of products that we have yet to recover from. We expect this will continue far into FY22," the company said to Reuters. "The scarcity and pricing of raw materials, and then the logistical probl...