KUALA LUMPUR (XINHUA) – Malaysia’s economic growth eased sharply to 0.7 per cent in the first quarter, dragged by the spreading of COVID-19 pandemic, the central bank said yesterday. Bank Negara Malaysia (BNM), the central bank, said in a statement that services and manufacturing sectors moderated while other sectors contracted. External demand and investment also […]
Read MoreThe House of Representatives passed a revision of the 2009 Coal and Mineral Mining Law on Tuesday in a move criticized by some experts and NGOs over a lack of transparency and alignment with business interests. The law, jointly drafted by the House and government, seeks to develop the downstream mining industry, grow the economy and […]
Read MoreMANILA, Philippines — The extension of the strict community quarantine in key economic areas in the Philippines until the end of the month will delay the country’s economic recovery, London-based think tank Capital Economics said. The government announced on Tuesday that Metro Manila, Cebu City and Laguna – considered high-risk areas for the coronavirus disease […]
Read MoreCentral Retail Corporation (CRC) has rolled out a plan to help small and medium-sized enterprises (SMEs) struggling with the pandemic by allowing free space at Robinson department stores. The scheme encompasses fashion, food and hardline retail through offline and online channels and at all Lifestyle Centers that are part of CRC. Over 19 million Thai […]
Read MoreThe real estate sector will “suffer in the short term” but will become “stronger than ever” once the COVID-19 pandemic is over, according to industry insiders. Dr Alexander Evengroen, managing director of Asean Realtor Inc and Group CEO of UK Condo & Property Co Ltd, said it cannot be denied that Cambodia – like a […]
Read MoreKUALA LUMPUR, May 13 — The government will be implementing a short- and medium-term economic recovery plan to rejuvenate the country’s economic growth soon, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz. The plan will highlight health guidelines and safe operating procedures in the new norm, capacity building, hiring of workers, job creation as well […]
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Thailand
