vn01
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Vietnam faces lowest growth in 35 years

Economists have predicted the resurgence of the COVID-19 pandemic could leave Vietnam facing its lowest level of economic growth in 35 years. After 99 days without any new cases of community transmission, a local infection was confirmed in Da Nang on July 25 and the virus has since spread around the country and caused 15 […]

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Philippines: No takers for BSP rediscount facility

MANILA, Philippines — Banks continued to snub the peso rediscounting loan facility of the Bangko Sentral ng Pilpinas (BSP) for the third straight month in July as measures aimed at softening the blow of the pandemic on the economy released much needed liquidity into the financial system. Rediscounting is a BSP credit facility extended to […]

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Indonesia: Gojek launches website to boost digitalization among micro, small businesses

Indonesian ride-hailing decacorn Gojek launched a website on Monday to help micro, small and medium enterprises (MSMEs) go online. The website, melajubersamagojek.com, provides advice to business owners on which Gojek applications can help them accelerate their digitizational process. “Going digital is not easy if there is only one part of the value chain that is digitalized. […]

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sin01
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Singapore sees slow recovery as economy plunges by record

Singapore’s economy suffered a bigger contraction in the second quarter than previously estimated, signalling a long recovery ahead for the trade-reliant nation. Gross domestic product plunged a record 42.9% on an annualized basis in the second quarter from the previous three months, according to final estimates from the Ministry of Trade and Industry released Tuesday. […]

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