MANILA, Philippines — The World Bank has added to the Philippines’ fund pool to counter the impact of the coronavirus disease-2019 (COVID-19) on the economy after the agency approved a $500-million loan to the government. In a statement, the Washington-based lender said the amount is a “risk management development policy loan,” which is primarily intended […]
Read MoreKUALA LUMPUR: The government’s Economic Action Council (EAC) has started work on post Covid-19 recovery plan and it is engaging various stakeholders to come up with a draft plan to be released in a couple of weeks. Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said this was to ensure it was […]
Read MoreThe Cambodian passport remains one of the ‘least powerful’ travel documents in the world, according to a new report. The latest Henley Passport Index, released by Henley & Partners, showed that Cambodia dropped one spot and is now ranked 89th globally. Early last year, the Kingdom was in the 87th spot, before sliding to 88th, […]
Read MoreThe COVID-19 pandemic, which is spreading like wildfire in Indonesia, has taken not just lives but also the earnings of millions of workers, one month after the government announced Indonesia’s first two confirmed cases of the virus. Jumari, a 61-year-old who works in a shoe factory and lives in Jakarta, has not received his daily […]
Read MoreKUALA LUMPUR: Malaysian households’ access to the Internet rose by 3.1 percentage points to 90.1% in 2019 as compared to 87% in 2018, the Statistics Department said on Friday. It said the percentage of households’ access to mobile phone remained at 98.2% in 2019, based on the report on ICT use and access by individuals […]
Read MoreThe Commerce Ministry has teamed up with the Agriculture Ministry to adjust a fruit management plan, focusing on the domestic market to offset exports hit hard by the coronavirus pandemic. Sansern Samalapa, vice-minister of commerce, said the plan will cover production management; distribution channels; business matching among traders, importers and Thai operators; financial support; and […]
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