KUALA LUMPUR: While businesses have started to recover with the gradual easing of the movement control order (MCO) since May, the recovery has been uneven, according to Bank Negara. It said the performance of Malaysian non-financial corporates (NFCs) deteriorated in the first half of 2020. Tourism-related and services industries were notably among the most impacted […]
Read MoreThe Bank of Thailand is assessing a move to relax regulations related to offshore market investment for individual investors to help manage foreign exchange amid excess capital across the world. The central bank has discussed with regulatory bodies relaxing conditions for foreign asset investment for local individual investors. The adjustment would provide more opportunities for […]
Read MoreThe $3.5 billion China-built Dara Sakor International Airport in Koh Kong province is scheduled to be operational in mid-2021, close to three years after work started, according to a report from the State Secretariat of Civil Aviation (SSCA). It will be able to handle long-haul aircraft such as Boeing 777s and the Airbus A340. During […]
Read MoreThe Hanoitimes – The country would remain the only one with positive growth among five major economies in ASEAN, and its economic growth would rebound to 6.7% in 2021. The International Monetary Fund (IMF) has revised down its forecast for Vietnam’s GDP growth to 1.6% in 2020 from a previous estimate of 2.7% in June. Vietnam, […]
Read MoreBusiness sentiment rose for the fourth straight month in September, boosted by improving prospects, state relief measures to help people and companies struggling with the sagging economy and stable retail oil prices. The University of the Thai Chamber of Commerce (UTCC) said the TCC Confidence Index, which gauges the sentiment of the business sector and […]
Read MorePETALING JAYA: Positive trends in the job market in August are indicators that the economy is gradually recovering as a result of government efforts and initiatives, with support from the industry. The labour market remained relatively stable with the number of unemployed decreasing marginally by 3,500 persons to 741,600 in August compared with July. However, […]
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