Achmad Zaky spoke with unusual candor after taking the stage in Jakarta that October afternoon. People stopped chattering and lowered their phones when he began recounting the decade he spent building one of Indonesia’s most successful startups. What none of the hundreds in the cavernous hall knew then: it was his last big public act as […]
Read MoreKUALA LUMPUR: With Malaysia posting its worst economic growth rate since the Global Financial Crisis a decade ago, the outlook for the first quarter of 2020 (1Q20) has turned more cautious amid the worsening coronavirus (Covid-19) outbreak that may further dampen the economy. The Malaysian economy was badly hit in the fourth quarter of 2019 […]
Read MoreSINGAPORE retail sales are expected to be weak this year amid novel coronavirus pressures, following a 2.8 per cent fall in 2019, which was the steepest decline in six years. Deepening from 2018’s 0.8 per cent fall, the full-year figure marked the first consecutive annual contraction since the post-Global Financial Crisis period in 2009 and […]
Read MoreThe novel coronavirus could lower Thailand’s nominal GDP by 0.09-0.13% if the outbreak lasts longer than three months but less than six months, says Kasikorn Research Center (K-Research). “For Thailand, the impact is moderate,” the research house under Kasikornbank said in a note. Economic damage could amount to US$500-700 million, it said. Thailand’s economy relies […]
Read MoreIndustry workers have voiced serious concerns over the current rubber plantation sector in the Kingdom, with major companies in the market struggling to survive after 10 years of stubbornly low prices. Lim Heng, vice-president of An Mady Group, a company that exports rubber products, explained: “This is not just an issue in Cambodia. Low prices […]
Read MoreMANILA, Philippines — Term deposits rates fell sharply yesterday, dropping below four percent across the board as the Bangko Sentral ng Pilipinas (BSP) is expected to further slash key interest rates. The seven-day term deposits fetched 3.8943 percent at the term deposit auction facility (TDF), 12.97 basis points lower than last week’s 4.0240 percent. Likewise, […]
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