JAKARTA: Indonesia’s central bank kept its policy interest rate unchanged on Wednesday, prioritising market stability but loosened some lending rules to spur consumption in the pandemic-hit economy. The decision came after Southeast Asia’s biggest economy shrank 5.32% in the second quarter, steeper than expected, and amid a rising number of coronavirus cases in the country. […]
Read MorePlans to stimulate domestic consumption and private investment, curb rising unemployment and speed public investment are to be tabled for consultation at Wednesday’s first meeting of the newly established economic situation administration centre. The cabinet last Thursday gave the green light to establish a centre to handle the nation’s economic rehabilitation from the coronavirus crisis. […]
Read MoreThe government will introduce more stimulus measures to support tourism, jobs and domestic consumption hit by the coronavirus pandemic, a deputy prime minister said on Wednesday. The government plans to increase the benefits contained in an earlier package to boost domestic tourism, while details of other measures will be decided later, Supattanapong Punmeechaow told a […]
Read MoreYangon night market on Strand Road closed during the COVID-19 pandemic, and it now reopens as usual. “Small non-food shops have opened since June, with one or two remaining closed. Bars opened until 10:30 pm in mid-July. Now, there are 30 non-food shops, 97 food shops, 5 container restaurants and 8 container bars. And we […]
Read MoreThailand needs a better ecosystem to support the Internet of Things (IoT), an important tool to help the government attain its ambitious goal of building smart industries following the Covid-19 period. 5G wireless technology, which promises super-fast exchange of data, is crucial but was not emphasised when Jesada Sivaraks, head of government and industry relations […]
Read MoreSINGAPORE, Aug 14 — Japanese Foreign Minister Toshimitsu Motegi and his Singapore counterpart, Vivian Balakrishnan, yesterday agreed to resume cross-border travel between the two nations for business purposes in September, Jiji Press reported. Business travelers will be able to move and work within a limited range, even during the first 14 days of stay when […]
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