The Ministry of Tourism has announced $2.4 million in wage subsidies for the approximately 30,000 workers that have lost their jobs out of the almost 630,000 who work in the tourism sector, due to the ongoing COVID-19 crisis. In this third round of COVID-19 measures to support unemployed workers across the country, the government will […]
Read MoreInvestors who wish to apply for permission to invest in the country will enjoy a 50 percent discount on application fees, the Myanmar Investment Commission (MIC) announced on April 9. This includes both Myanmar and foreign investors, the MIC said. The new fee structure will take effect from April 20 onwards and remain effective until […]
Read MoreKUALA LUMPUR: Growth in private consumption will likely drop sharply, due mainly to the movement control order (MCO), which was imposed since March 18 following the Covid-19 pandemic, BIMB Securities Research said. In a report issued on Friday, it said from a short-term point of view, flagging consumer sentiments due to the virus outbreak will […]
Read MoreMANILA, Philippines — Business confidence turned sour in the first three months of the year as fears over the economic damage from the coronavirus disease 2019 (COVID-19) outbreak deepen just when companies were recovering from the Taal volcano eruption last January, a central bank survey showed on Wednesday. Results of a nationwide poll of 1,533 companies […]
Read MoreThe risk of spreading COVID-19 through banknotes is one of the main concerns globally, but the Bank for International Settlements (BIS) – an international financial institution based in Switzerland said the probability of transmitting the COVID-19 virus through banknotes is low when compared to other frequently touched objects like card terminals. Mrs. Seng Phanara, a […]
Read MoreAbout 130 hotels with 16,000 rooms have offered to serve as quarantine centres for people returning to Thailand from abroad, for a payment – well in excess of the estimated 6,000 rooms needed, according to the Health Service Support Department. Director-general Tares Krassanairawiwong said on Friday that his department was tasked with recruiting hotels to […]
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