MANILA, Philippines — The peso has remained stable despite the havoc caused by the coronavirus pandemic on the global economy and financial markets, according to the Department of Finance. DOF Undersecretary Gil Beltran said the peso ranked third among the three currencies in Asia that maintained their value against the dollar as of April 15. […]
Read MoreMyanmar is among just 10 percent of the globe projected by the International Monetary Fund to post economic growth this year. The rest of the world is expected to slip into recession. The forecast comes despite the spread of COVID-19 in Myanmar, which has already resulted in the closing of its borders, worsening conflict in […]
Read MoreMoody’s Investors Service says its negative outlooks for non-financial companies in the Asia-Pacific region are dominated by the auto, retail, hospitality and gaming sectors. In a report released in Hong Kong on Monday, the US rating agency said credit trends in the region would “remain negative” in 2020. “The coronavirus pandemic has massively disrupted global […]
Read MoreEconomists believe that real estate will remain a safe shelter for investors, and will still bring attractive profits in the post-Covid-19 period. Many real estate firms said they have had to cancel the events to advertise their new projects and delay launching new products. Some realtors hope they can market new products in the second […]
Read MoreSeveral initiatives have been implemented to reduce congestion at Land Transport Department (JPD) counters and its branches, including increasing online service usage, Pay and Collect and the Darussalam hotline 123 over the past two weeks. Minister of Transport and Infocommunications Dato Seri Setia Awang Abdul Mutalib bin Pehin Orang Kaya Seri Setia Dato Paduka Haji […]
Read MoreKUALA LUMPUR, April 21 — The government had approved close to RM1.2 billion in wage subsidies as of April 19, Minister of Finance Datuk Seri Tengku Zafrul Aziz announced today. The subsidies are expected to benefit nearly a million workers involving 159,000 employers, five times the number that applied from a week ago, Zafrul said. […]
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Thailand
