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Singapore and Hong Kong agree in-principle to establish air travel bubble

SINGAPORE and Hong Kong have reached an in-principle agreement to establish a bilateral air travel bubble (ATB), where travellers will not be subject to any quarantine or stay-home notice requirements, or a controlled itinerary. The in-principle agreement, confirmed by Singapore’s Transport Ministry in a press statement on Thursday, was reached during a videoconference on Wednesday between […]

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Thailand: Employment key to reopening economy

Finance Minister Arkhom Termpittayapaisith has instructed ministry departments to devise measures to tackle unemployment and propel the economic recovery in preparation for a full reopening of Thailand’s economy. “Businesses without money cannot hire people, therefore one of the measures to tackle unemployment is to maintain existing employment. The government can support these businesses by offering […]

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Philippines: BOP surplus seen at $8.1 billion

MANILA, Philippines — Strong inflows from foreign direct investments (FDIs) as well as a small contraction of remittances from overseas Filipino workers (OFWs), coupled with a sharp drop in import payments may result in record high foreign exchange buffers until next year, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the […]

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Malaysia: Moratorium helped many during crunch time

PETALING JAYA: The automatic loan moratorium provided many households with immediate temporary financial relief, particularly those who had lost their jobs and were experiencing income declines. “At its peak, close to 90% of household borrowers with about 87% of outstanding household loans in the banking system, were under the moratorium as most borrowers elected to […]

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