Retailers are insisting that supplies of essential goods remain unaffected as people rush to buy basics like instant noodles, canned foods and toilet paper amid fears of a coronavirus-prompted lockdown. “Basic goods are not in short supply and, above all, manufacturers can still boost production capacity to cope with higher demand,” Chatrchai Tuongratanaphan, executive director […]
Read MoreSmall and medium enterprises (SMEs) have called for increased restrictions over allowing imported products from abroad access to their domestic markets. Te Taingpor, president of the Federation of Association for Small and Medium Enterprises of Cambodia, said imports without efficient control in terms of paying taxes affects local products produced at a high cost. At […]
Read MoreMANILA, Philippines — Banks and other financial institutions are business as usual during the one-month community quarantine adopted by Malacañang in the National Capital Region to prevent the further spread of the coronavirus disease 2019 or COVID-19, according to the Bangko Sentral ng Pilipinas. The BSP issued a statement Saturday evening assuring the public that […]
Read MoreThe Hanoitimes – Taking tough measures for the safety of people has become the government’s top priority. The government of Vietnam has stated since the initial stage of the new coronavirus outbreak that it will do anything to protect local people, even at the expense of economic benefits. At the regular cabinet meeting in January, Prime Minister […]
Read MoreIndonesia has officially announced a second stimulus package and has vowed to set aside a chunk of its state budget to support the country’s economy against the backdrop of the COVID-19 outbreak, providing some relief to a battered stock market and rupiah. The government announced on Friday that it would allocate Rp 120 trillion (US$8.1 […]
Read MoreThe coronavirus pandemic is taking a heavy toll on Thailand’s restaurant business, with 5,000-7,500 operators expected to throw in the towel this year. Ladda Sampawthong, president of the Restaurant Business Association, said the contagion is only the latest in a series of negative factors. “We’ve experienced several difficult times in the past decade, and overcame […]
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