Thailand’s manufacturing production index (MPI) in April stood at 79.04, the lowest level since November 2011. The drop came mainly from the lockdown and curfew, the drought, private sector wariness of the Covid-19 pandemic continuing and weak confidence in the economy. Ittichai Yotsri, deputy director-general of the Office of Industrial Economics (OIE), said the global and […]
Read MoreAs COVID-19 continues to disrupt the traditional workings of the Myanmar economy, e-commerce is expected to be a key driver of growth for the country post-pandemic, said U Aung Htoo, deputy minister of Commerce, during a virtual conference held on May 28. The Ministry of Commerce (MOC) will release an overview of a plan to […]
Read MoreBiotechnology, online retail, fintech, and green real estate are expected to prosper during the post-COVID period. Biotechnology and AI In early February, when coronavirus began spreading rapidly in Wuhan City, China, early detection of infection cases put into quarantine was a big challenge for medical workers. To solve the problem, Alibaba joined forces with Damo […]
Read MoreKUALA LUMPUR, May 28 — Asean member states, particularly Malaysia, will be in good position to reap benefits from Japan’s economic stimulus package due to its close proximity to Japan economically and historically, besides having extensive Japanese business network, said Japan’s Ambassador to Malaysia Hiroshi Oka. Oka said Malaysia — being a politically stable country, […]
Read MoreMyanmar will receive a €33 million loan from Austria’s Unicredit Bank to create e-IDs for the country’s population registry, said U Thein Swe, Minister of Labor, Immigration and Population. The 27.5 year, interest-free loan includes a 13.5 year grace period and was first discussed in 2019 between State Counsellor Daw Aung San Suu Kyi and […]
Read MoreCOVID-19 pandemic notwithstanding, Moody’s rated Asian project and infrastructure companies are well-positioned to manage their refinancing needs through 2022, said Moody’s Investors Service in a May 28 report. Upcoming bond maturities are concentrated at investment-grade companies, most of which benefit from government support or are in sectors less affected by the virus outbreak. China and […]
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