indo03
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Indonesia: Tax breaks, job training to combat virus impacts

The government is speeding up the disbursement of training funds for workers on top of announcing individual and corporate tax breaks, as well as relaxing import restrictions to cushion the economy from the COVID-19 pandemic. Presidential Regulation No. 36/2020, issued last week, will expedite the government’s preemployment card initiative, which will subsidize training programs for […]

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mm02
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Myanmar gold price drops as US dollar weakens

The gold market price in Myanmar has dropped with the US dollar exchange rate falling as trade slows down due to the COVID-19. The global economy has been slowing down due to the novel coronavirus outbreak with stock markets across the world also falling. Stock trading in Myanmar has decreased as people are now buying […]

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malay02
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Emergency rate cuts loom for Asia as Covid-19 slams economies

SINGAPORE: Central bankers across Asia-Pacific must consider whether they can afford to wait until their next scheduled policy meetings or respond sooner to mounting global risks from the Covid-19 coronavirus outbreak and oil-price plunge. The Federal Reserve set the pace with an emergency 50 basis-point interest rate cut last week. None of Asia’s central banks […]

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phil05
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Philippines: ADB offers $200 million financing for firms fighting COVID-19

MANILA, Philippines — The Asian Development Bank (ADB) announced yesterday that it is making available $200 million in supply chain financing for companies manufacturing and distributing personal protective equipment and medicines essential to the control of the spread of the 2019 coronavirus disease (COVID-19). Funding will be drawn from the multilateral bank’s Supply Chain Finance […]

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vn02
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LNG – future of Vietnam’s energy

The Hanoitimes – Vietnam has been on way to pursue an energy transition that reduce carbon emission and develop renewable sources in an effort to combat climate change . Liquefied natural gas (LNG) has been considered a source of energy that is able to meet Vietnam’s rising power demand and clean enough in comparison with coal […]

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