SINGAPORE: Malaysia’s movement control order is the latest threat to a Singapore economy already reeling from the coronavirus outbreak. The city state relies heavily on its neighbour’s workers and food, and Malaysia’s move Monday night to ban all visitors and prevent residents from travelling overseas for about two weeks will choke off a key labour […]
Read MoreThe coronavirus has taken a heavy toll on Thailand’s cinema business, with two major operators pointing out the worst is not yet over. They predicted the number of cinema-goers would continue to deteriorate throughout this year, with millions of moviegoers likely to disappear after the cabinet yesterday confirmed plans to shut schools, universities and some […]
Read MoreMANILA, Philippines — Moody’s Investors Service slashed anew the gross domestic product (GDP) growth forecast for the Philippines to 5.4 percent this year due to the impact of the coronavirus disease 2019 or COVID-19. This is the second time in less than a month that the debt watcher lowered the GDP growth target for the […]
Read MoreMajor business players are split over the idea of a lockdown to slow the spread of the highly contagious coronavirus disease (COVID-19). However, they seem to support President Joko “Jokowi” Widodo’s push to limit face-to-face interactions by having people work, study and worship from home. Indonesian Chamber of Commerce and Industry (Kadin) chairman Rosan Roeslani said Tuesday […]
Read MoreKUALA LUMPUR: Bank Negara has confirmed that the public will continue to have nationwide access to essential financial services under the government’s movement control order from March 18 to March 31. The central bank said to this end, all banking institutions, development financial institutions, insurance companies and takaful operators will ensure the continued operation of […]
Read MoreThe government has delayed its decision to buy washable face masks from domestic garment factories, with producers left waiting for purchase orders after the government failed to decide which state agencies would shoulder the expense. The government previously asked garment factories to sell masks for five baht a piece, much lower than the production cost […]
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Thailand
