WITH the Covid-19 outbreak, South-east Asia’s gross domestic product growth is expected to slow sharply to just 1 per cent in 2020, before rebounding to 4.7 per cent in 2021, according to an Asian Development Bank report on April 3. This is down from 2019’s full-year growth rate of 4.4 per cent. The report, Asian Development Outlook 2020, forecasts […]
Read MoreMore than 150 companies have applied for the government’s COVID-19 relief programme within the first two days of the loans being made officially available. But just a third of the applications are from Yangon and most from Mandalay, according to the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). The deadline for […]
Read MoreKUALA LUMPUR: RHB Investment Bank Bhd is forecasting a zero per cent growth for the country this year, which is within the range of Bank Negara Malaysia’s (BNM) real gross domestic product (GDP) growth projection. The central bank released a report today giving a weaker growth projection of between -2.0 per cent and 0.5 per […]
Read MoreThe government’s appeal for people to work from home or travel by personal vehicle has left ride-hailing drivers with almost no customers. As such, ride-hailing providers have strategized to help their driver-partners and keep business afloat. A report by big data firm Statqo Analytics said Grab and Gojek had experienced 16 percent and 14 percent downturn, respectively, […]
Read MoreMANILA, Philippines — Local banks vowed to comply with the implementing rules and regulations (IRR) of a new law aimed at easing the burden of Filipinos amid the coronavirus disease 2019 (COVID-19) pandemic. In a statement, the Bankers Association of the Philippines (BAP) said it has been in close coordination with regulators to ensure the […]
Read MoreMobile applications for remote business and e-learning tools recorded their largest spike in downloads on the Cambodian market last month for both the Android’s Google Play and Apple’s App Store platforms, according to monthly data sets released by the online research website SimilarWeb. The increase was attributed to the Cambodian Government’s closure of all educational […]
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Thailand
