Bank Indonesia (BI) expects the April inflation rate to drop to 2.8 percent year-on-year (yoy), from 2.9 percent in March, as a result of sufficient food supplies and weak demand, the central bank governor says. BI Governor Perry Warjiyo said the central bank’s survey estimated 0.2 percent month-to-month (mtm) inflation in April, while yoy inflation would stand at […]
Read MoreMANILA, Philippines — The proportion of jobless Filipinos likely rose to a level not seen since the onset of global financial crisis as disruptions brought by the coronavirus disease-2019 (COVID-19) and the lockdowns implemented to control its spread put people out of work. In a report sent to the media Monday, Japan-based investment bank Nomura […]
Read MoreThe Lao government has just ordered the temporary nationwide ban on the sale and distribution of all alcoholic beverages in Laos. A notice has just been released by the Prime Minister’s Office (PMO) instructing all provincial governors and the mayor of Vientiane Capital to strictly prohibit the sale and distribution of alcoholic beverages during the […]
Read MoreWith a recession creeping on the horizon as business activity and the economy as a whole are ravaged by the coronavirus pandemic, financial authorities have coordinated their efforts to launch a raft of relief measures for those under strain. The Finance Ministry and the Bank of Thailand last Tuesday announced a third batch of relief […]
Read More[HO CHI MINH] Ho Chi Minh City is seeking the Vietnam premier’s approval to temporarily shut down a unit of Pou Chen Corp, the world’s largest maker of athletic shoes, because of concerns about a potential outbreak of the coronavirus. Authorities for the metropolis, which has the most confirmed virus patients in the country after […]
Read MoreThe government has been rolling out a slew of relief measures to help ease the pain for businesses affected by the COVID-19 pandemic and keep investors interested in Myanmar. In an April 11 directive, the Ministry of Commerce exempted traders from import license fees for all medicines and medicinal raw materials. There were two precedents […]
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Thailand
