The government will borrow K1.3 trillion from the Central Bank of Myanmar (CBM) to plug the budget deficit for fiscal 2019-20, deputy minister for Planning and Finance U Maung Maung Win told Pyidaungsu Hluttaw on May 21. This is expected to be around 20 percent of total borrowings to fund the deficit. It also indicates […]
Read MoreAs Asian supply chains reshuffle in the wake of the pandemic, the government is focusing its efforts to attract foreign investors in need of a new manufacturing base around the medical devices sector, a promising industry in light of the health crisis. The Board of Investment (BoI) aims to set up joint ventures or convince […]
Read MoreKUALA LUMPUR, May 22 — The Leading Indicator (LI) for March 2020 recorded its largest monthly drop since November 1991, following the imposition of a two-week movement control order (MCO) beginning on March 18 to curb the spread of Covid-19. The Department of Statistics Malaysia (DOSM) chief statistician Datuk Seri Mohd Uzir Mahidin said based […]
Read MoreBank Indonesia (BI) will help provide liquidity for local banks involved in a credit restructuring program for micro, small and medium enterprises (MSMEs) as a part of its efforts to support the country’s economic recovery. BI Governor Perry Warjiyo said Tuesday that banks could use sovereign debt papers they held as underlying assets for repurchase […]
Read MoreThailand will remain an important production base for Japanese electronics company Panasonic, although the company has decided to shut down its washing machine and refrigerator plants in Chachoengsao and move to Vietnam. Sirirat Yongcharoenchai, general manager for corporate communication at Panasonic Management (Thailand), said top executives in Japan and Thailand have discussed closing the 41-year-old […]
Read MoreThe 55,000 factory workers and 4,300 tourism workers, who have had their jobs suspended by the COVID-19 pandemic, will receive their $40 “out of work” monthly entitlements through their Wing Specialized Bank accounts next week. The Ministry of Labour spokesperson, Heng Sour, told Khmer Times that the government has already allocated its budget for the […]
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