Economists have slashed their 2020 outlook for the Philippines by more than any other Southeast Asian nation as it struggles with one of the region’s worst coronavirus outbreaks. The forecast for the country’s gross domestic product dropped from a 6.1% expansion at the beginning of the year to an 8.9% contraction, a swing of 15 […]
Read MoreKUALA LUMPUR: Shares in Malaysia’s Top Glove slumped 7.5% on Tuesday, after the government said some of its factories would be closed in stages for Covid-19 screening and quarantine, as more than 2,000 of its workers tested positive for the disease. The Health Ministry reported a sharp rise in cases in the area where Top […]
Read MoreSINGAPORE – Covid-19 has put additional stress on Singaporeans’ financial well-being, according to the latest survey by OCBC. Although most Singaporeans are good at the “basics”, particularly saving their money, many are now struggling to keep up with housing loan payments and maintaining their usual level of passive income. The OCBC Financial Wellness Index, which […]
Read MoreThe government of Myanmar is considering resuming domestic flights depending on the magnitude of the spread of COVID-19, according to the Civil Aviation Department. The National Committee on Prevention, Control and Treatment of COVID-19 on its meeting also discussed the possibility of resuming domestic flights, and allowing travellers, who need to travel due to urgent […]
Read MoreThe Hanoitimes – In order to better combat trade fraud activities in the future, the Ministry of Finance is requesting related agencies to soon issue specific criteria for domestically-produced goods. Under Prime Minister Nguyen Xuan Phuc’s instruction in Directive No.824 on tightening state administration against trade frauds, the General Department of Vietnam Customs (GDVC) has been […]
Read MoreSOUTH-EAST Asia’s external position is solid enough to sustain a prolonged expansionary fiscal stance, which also means policymakers can continue to run larger budget deficits and debt levels over the next few years, without causing any macroeconomic instability, a report by ANZ Research suggested on Monday. While large fiscal stimulus programmes have provided a critical backstop to […]
Read More
Thailand
