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Indonesia – ‘Break the chain!’: Businesses brace for Jakarta’s social restrictions

Essential-needs businesses have promised smooth services with retail stocks sufficient at least until May as Jakarta, Indonesia’s economic powerhouse, will enforce large-scale social restrictions starting Friday to slow down the spread of COVID-19. The Jakarta Post spoke to businesspeople in sectors related to cash, fuel, food, medicine, retail, water, communications and logistics, which are exempted from […]

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Myanmar: Trade gate at Muse closed due to COVID-19

The Mant Wain trading gate in Muse has been closed since April 5 as both governments take more stringent measures to prevent the spread of COVID-19, said U Khin Maung Lwin, assistant secretary of the Ministry of Commerce.  China no longer allows Myanmar truck drivers to cross into Yunan so Mant Wain, which is the […]

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Thailand: Minimum wage waiver floated to sustain SMEs

The government is being advised to waive the daily minimum wage requirement for six months to help entrepreneurs maintain employment during the pandemic. Thanit Sorat, vice-chairman of the National Labour Development Advisory Council, said the council estimated that the country’s total unemployed could reach 9-10 million by the end of this month after the government […]

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Thailand: KBank, SCB cut prime lending rates

Kasikornbank (KBank) and Siam Commercial Bank (SCB) cut their prime lending rates by 40 basis points on Thursday after the Bank of Thailand lowered the required contribution made by banks to the Financial Institutions Development Fund (FIDF). The banks’ new prime lending rates will take effect on Friday. KBank’s minimum lending rate (MLR) will be […]

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