SINGAPORE exports were back in positive territory in February 2020, thanks to a growth in both electronics and non-electronics shipments. Non-oil domestic exports (NODX) rose 3 per cent year-on-year in February, reversing from a 3.3 per cent decline in the previous month, according to figures released by Enterprise Singapore on Tuesday. Electronics exports increased by 2.5 per cent […]
Read MoreMALAYSIA is restricting movement nationwide for two weeks from March 18 to fight the Covid-19 outbreak. Entry restrictions will be in place, and all shops will close, with the exception of those selling food and daily essentials. Schools, private businesses and government departments will also close, except for those providing essential services. Malaysian Prime Minister […]
Read MoreThe Bank of Thailand still has monetary policy space for further rate cuts to cushion the impacts from the Covid-19 outbreak and the central bank will take into account the US Federal Reserve’s emergency rate cut at its upcoming meeting, says a senior official at the Finance Ministry. The rate cut would support the Finance […]
Read MoreThe Hanoitimes – Fitch Solutions has forecast that Vietnam’s automotive market will remain robust in 2020, as an improved credit outlook and declining vehicle prices all support higher vehicle demand. Vietnamese authorities are mulling a host of favorable policies to help the local automobile industry reduce costs, increase output and drive up demand in order to […]
Read MoreMANILA, Philippines — The peso shed 47 centavos yesterday to close at a five-month low of 51.5 to $1 from Friday’s 51.03 as the coronavirus disease 2019 or COVID-19 continued to wreak havoc on financial markets around the world. Bangko Sentral ng Pilipinas Governor Benjamin Diokno brushed aside the weakening of the peso, saying the […]
Read MoreWhile many sectors globally are facing a serious downturn in their fortunes due to the knock-on effects of COVID-19, Cambodia’s construction industry remains stable, according to the Ministry of Land Management, Urban Planning and Construction. In fact, in a positive piece of news amongst the current gloomy outlook, Seng Lot, spokesperson for the ministry claims […]
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