PETALING JAYA: The Malaysia Retailers Association (MRA) said the coronavirus (Covid-19) outbreak and the change in government – both unexpected events – have affected retail consumption in the first two months of this year with retailers reporting a drop in sales of as much as 80%. If unresolved over the next couple of months, it […]
Read MoreThe Council for the Development of Cambodia has approved three investment projects with a total capital of US$7 million. According to the CDC, the three new projects will create almost 2,000 jobs for local people. The first investment project of US$2.3 million belongs to Jin Ming Li Jian One Co., Ltd. which will establish a […]
Read MoreSINGAPORE: 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 […]
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