MALAYSIA unexpectedly eased its reserve ratio as part of moves to release RM30 billion (S$9.9 billion) of liquidity into the banking system as the economy struggles through a lockdown to contain the novel coronavirus pandemic. Bank Negara Malaysia cut the statutory reserve requirement ratio by 100 basis points to 2 per cent, effective Friday. It […]
Read MoreMANILA, Philippines — The country’s meat processors have assured the public that supply of canned meat products will be enough for the next two months. The Philippine Association of Meat Processors Inc. said there is an adequate supply of canned meat products, but advised consumers against panic buying and hoarding. PAMPI vice president Jerome Ong […]
Read MoreSeveral insurance companies are poised to suspend sales of Covid-19 insurance products with a lump-sum payout as policy sales approach their threshold of 500,000-750,000. Some insurers have paused sales to revise protection conditions, including implementation of a 14-day waiting period, after coronavirus insurance products sold briskly, said Suthiphon Thaveechaiyagarn, secretary-general of the Office of Insurance […]
Read MoreCambodian farmers have expressed serious concerns after Vietnam decided to abruptly close all border crossings with Cambodia because Vietnamese merchants are their main source of buyers for many crops, particularly for cassava and cashews. The Vietnamese government on Wednesday locked down its borders with the Kingdom and imposed a month-long entry ban for any foreign […]
Read MoreNational tax revenue has fallen by 5 percent to Rp 152.9 trillion (US$9.62 billion) as of February compared to the same period last year as corporate income was severely hit by an economic slowdown blamed largely on the COVID-19 pandemic. Finance Minister Sri Mulyani Indrawati said the decline in tax collection was mainly caused by […]
Read MoreThe Thai Chamber of Commerce is calling on the government to come up with urgent measures to help “salarymen” after many companies initiated 15-day leave programmes without pay. The group is also asking for cooperation from its members that are struggling from the adverse impact of the coronavirus outbreak to retain their more than 10 […]
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Thailand
