SINGAPORE – Lower- and middle-income workers affected by the pandemic will get more help from the Ministry of Social and Family Development (MSF) under a new grant. Called the Covid-19 Recovery Grant (CRG), the scheme announced on Wednesday (Dec 16) is for those who continue to suffer significant job or income losses despite earlier measures […]
Read MoreWASHINGTON: Thailand is among several countries the US Treasury could label currency manipulators before President Donald Trump leaves office, analysts say, as the coronavirus pandemic skews trade flows and widens US deficits with trading partners. Currency experts say Vietnam, Taiwan and Switzerland also risk being found in violation of the three US criteria for currency […]
Read MoreCredit ratings agency Moody’s Investors Service has warned that Indonesia’s credit rating could be downgraded next year if there is a prolonged economic slowdown, a weakening policy framework or a deteriorating external position. “The trigger for a [potential] ratings downgrade is coming from long-term stagnation in growth that could last beyond 2020 and 2021,” said […]
Read MoreThe Hanoitimes – Given abundant liquidity and low demand for credit, banks are offering attractive loans during the year-end period. Many banks in Vietnam are offering loans with low interest rates in an attempt to meet their respective year-end credit goals amid a lack of demand for capital during the Covid-19 crisis. To aid enterprises resuming […]
Read MoreSINGAPORE – The move to relax restrictions and enter phase three of the economy’s reopening on Dec 28 has been welcomed by businesses, with those in retail, restaurants and the tourism sector hopeful of a boost to sales or footfall by 10 to 20 per cent. But a real game changer for the economy could be when […]
Read MoreMANILA, Philippines — Strong typhoons that slammed Luzon hurt demand for cars in November, pushing sales down back in the red and marking a major setback for the auto industry’s goal of hitting a watered down projection this year. Car and truck manufacturers sold 23,162 units in November, down 7.4% on a month-on-month basis, a joint report by […]
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