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Brunei: Textile companies reeling under COVID-19 impact

Apart from reaping blessings with various religious activities during the holy month of Ramadhan, people usually shop for fabrics to make Baju Kurung or Cara Melayu attires to celebrate the joyous occasion of upcoming Hari Raya Aidilfitri. However, as the country is still facing the COVID-19 crisis and with all restrictions still in place, several […]

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Vietnam: Rosy signs for exports to major markets

Vietnam’s export value is expected to rise in the coming months thanks to China’s increase in imports, strong measures taken by the Vietnamese Government, ministries, agencies, and businesses, and the EU-Vietnam Free Trade Agreement (EVFTA). Economist Ngo Tri Long said China – Vietnam’s largest market – has begun to contain the COVID-19 pandemic and Vietnam’s […]

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Cambodia: Further job losses spark social unrest fears

With the Ministry of Labour and Vocational Training’s announcement earlier this week that a total of 130 garment factories have now applied to suspend operations, putting an estimated 100,000 workers out of work and affecting a further 400,000 who are dependents, as the Coronavirus continues to wreak economic havoc, concerns have been raised that social […]

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Thailand: 9 banks seek central bank MFLF aid

Nine commercial banks have sought liquidity support worth a total of 56 billion baht for their purchases of mutual fund units through the Bank of Thailand’s Mutual Fund Liquidity Facility (MFLF) as of April 24, according to central bank data. The MFLF has already provided assistance to 30 mutual funds over the same period, the […]

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