Low private-sector productivity is one of the factors that could challenge growth in Myanmar and the number of public holidays in the country this year is among the top productivity killers, manufacturers said. Myanmar will have a total of 27 public holidays in 2020, which is nearly a month, excluding Saturdays and Sundays. By comparison, […]
Read MoreHONG KONG (BLOOMBERG) – Central banks in Asia face increasing calls to cut interest rates as they jump into action against a spiraling coronavirus crisis that’s hammering tourism, travel and confidence across the region. The People’s Bank of China trimmed some interest rates on Monday (Feb 3) and injected massive liquidity into the financial system to shore up slumping markets. Indonesia’s […]
Read MoreTourists aren’t the only ones staying away from Thailand since the outbreak of the novel coronavirus in Wuhan. Overseas investors are also pulling out. International funds withdrew US$562 million from Thai equities last month, the biggest sell-off in the first month of any year since 2011, according to a data compiled by Bloomberg. More withdrawals […]
Read MoreThe Ministry of Commerce has launched Go4eCam, a pilot project that aims to realise the benefit of e-commerce for the nation’s small and medium-sized enterprises (SMEs), a sector that is currently playing an important role in the country’s economic growth. The project costs approximately $2.5 million for three months and is slated to begin implementation […]
Read MoreIndonesia is set to temporarily stop live animals imports from China and is mulling the possibility of banning imports of other products, including food and beverages, as fears grow that the coronavirus could spread into the country through imports. Trade Minister Agus Suparmanto told reporters on Monday that the measure would be put in place […]
Read MoreMANILA, Philippines — Manufacturing conditions strengthened for the second consecutive month in January as firms received more new orders and ramped up production to cope with demand, according to the latest IHS Markit Philippines Manufacturing Purchasing Managers’ Index (PMI). The headline PMI rose to 52.1 in January from 51.7 in December, signalling a moderate improvement […]
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