PETALING JAYA: Moody’s Investors Service has revised downwards its gross domestic product (GDP) growth forecast for Malaysia to 3.0% in 2020, and 4.7% in 2021, in view of current risks. Last month, it had said the country’s 2020 real GDP growth should slow to 4.2% from the 10-year low of 4.3% in 2019. “The combination […]
Read MoreMANILA, Philippines — As expected, the Bangko Sentral ng Pilipinas (BSP) yesterday delivered a deeper interest rate cut of 50 basis points to soften the impact of the coronavirus disease 2019 or COVID-19 outbreak on the economy. BSP Governor Benjamin Diokno said the Monetary Board decided to implement a larger-than-expected cut in its benchmark interest […]
Read MoreCITI Research economists have slashed their 2020 economic growth forecast for Asean to 2.9 per cent, down from a January prediction of 4.3 per cent, as the Covid-19 outbreak reaches an “inflection point” in South-east Asia. This reflects further extended drag on tourism; weaker domestic demand from both social distancing measures and the “fear factor”; transitory supply […]
Read MoreBusinesses in Myanmar’s commercial capital have begun to ask employees to work from home in order to reduce the risks of virus infections. Several companies and banks in Yangon have started to telecommute its employees in the face of the novel coronavirus. Corporate executives have said that some telecom operators and banks have started testing […]
Read MoreThe Hanoitimes – A total of 15 securities services are set to become free or cheaper to support the stock market. The Ministry of Finance on March 18 enacted Circular No.144 making six securities services free of charge and lowering the fees for nine others in a move to help stock investors overcome impacts of the […]
Read MoreThe Ministry of Health has stated that Laos is to import face masks from neighboring countries, including Vietnam, China, and Thailand amid a national shortage. Two million face masks will be imported to Laos very soon, according to Lao Minister of Health, Dr. Bounkong Syhavong, as quoted by the Vientiane Times. Masks will be distributed […]
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