MALAYSIA 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 […]
Read MoreTHE impact of the Covid-19 outbreak on the Philippine economy may be larger than first anticipated as the shock evolves, a report by JP Morgan Chase Bank suggested as it lowered the country’s growth forecast for 2020. “We now see full-year 2020 growth at 5.1 per cent year on year, from a previous forecast of 6.2 per […]
Read More
Thailand
