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Thailand: Treasury mulls cuts in rental fees

The Treasury Department could reduce rental fees for 30-50 business lessees of state properties to mitigate Covid-19 impact. Many businesses have submitted letters to the Treasury Department requesting a reduction in rental fees by 50%, said director-general Yuttana Yimgarund. Airports of Thailand Plc, Phuket Ferry and various small and medium-sized enterprises operating in the hotel […]

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Indonesia central bank keeps key rate unchanged

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. […]

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Thailand: Economy A-team set to brainstorm

Plans 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. […]

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Myanmar: Shops reopen at Yangon night market

Yangon 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 […]

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