Page 2 – ASEAN Economic Community Strategy Center

May 22, 2020

Malaysia – Survey: Open or close for business, SMEs still reeling financially from effects of movement control order

KUALA LUMPUR, May 22 — Even as restrictions were eased to allow selected economic sectors to operate, a survey done among local service-based small and medium-sized enterprises (SMEs) showed how these entities, despite resuming operations, are still facing financial strains and inconsistent market demand triggered by measures taken to contain the Covid-19 outbreak. The study […]

May 22, 2020

Insurers see surge in Myanmar market interest driven by pandemic

While COVID-19 has increased awareness on the importance of health insurance and led to better sales of life and health policies, demand for other insurance products has taken a beating, industry leaders say. For KBZ MS General Insurance, monthly sales of individual health products have gone up five times compared to pre-pandemic figures. “This is […]

May 22, 2020

Singapore sees negative rates creep in with flush liquidity

SINGAPORE (BLOOMBERG) – Negative interest rates are creeping into Singapore. The nation’s overnight borrowing rate was less than two basis points above zero on Tuesday (May 20), down from the year’s high of 1.68 per cent in January. The one-month swap offer rate, the cost to borrow the city’s currency for US dollar investors, fell […]

May 22, 2020

Cambodia: ‘Real-estate needs quick rebound’

Industry insiders have stated the rising level of unemployment will hurt demand for the local real estate market, which has already been hit by the global COVID-19 pandemic, but should see an uptake if the virus situation is resolved within 12 months. Georg Chmiel, executive chairman of Juwai IQI, told Khmer Times yesterday that rising […]

May 22, 2020

Vietnamese businesses ready to be connected with “avenue” EVFTA

Economic cooperation between Vietnam and the European Union (EU) is about to turn a new page in history as the Vietnamese National Assembly is moving very close to ratifying the EU-Vietnam Free Trade Agreement (EVFTA). In that context, Vietnamese businesses, especially those in the areas of garment & textile, leather & footwear, and agro-forestry and […]

May 22, 2020

Foodpanda waives commissions for one month for Singapore hawkers joining delivery app

SINGAPORE (THE BUSINESS TIMES) – Hawkers who get on board Foodpanda will not have to pay commission for one month as part of a new initiative to ease hawkers’ entry onto the food delivery app, Foodpanda announced in a press statement on Friday (May 22). Dubbed the “pandasupport hawker initiative”, the incentive is being rolled out with “the […]

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