KUALA LUMPUR: Malaysia’s economy is set to grow at its slowest pace since the 2009 financial crisis as it struggles with a trio of troubles: coronavirus, oil-price crash and political upheaval. Analysts from Fitch Ratings to United Overseas Bank Ltd now expect Malaysia’s economy to grow about 2% this year. That compares with the government’s […]
Read MoreSINGAPORE: Singapore’s main price gauge slipped into deflation for the first time in over a decade in February, data showed on Monday, as the coronavirus pandemic drove declines in airfares and holiday expenses. Economists polled by Reuters had been expecting a 0.1% year- on-year rise in core inflation – the central bank’s favoured price measure. […]
Read MoreThe Hanoitimes – The US did not impose any restrictions on Vietnam’s exports, but the Covid-19 pandemic could impact the US – Vietnam trade outlook. Vietnamese enterprises should consider the Covid-19 pandemic an opportunity to revise their business strategies and diversify export markets, especially as a prolonged pandemic in the US would affect Vietnam’s largest export […]
Read MoreHONG KONG: The main Stock Exchange of Thailand index was down 6.24% at 11.06am as Asian markets were mostly in the red in early trade Monday despite massive economic stimulus efforts worldwide, with investors spooked by the relentless march of the coronavirus pandemic. The negative mood was fuelled by the failure of US lawmakers to […]
Read MoreThe Hanoitimes – The growing numbers of order delays and cancellations are purely based on decisions of buyers from these markets as the Covid-19 pandemic is taking its toll on the US and EU economies. The EU and US have not put any restrictions on Vietnam’s textile-garment imports, said Minister of Industry and Trade Tran Tuan […]
Read MoreExperts have warned that the waves of panic buying seen in many supermarkets in Jakarta in recent weeks may contribute to an increase in inflation and hurt the country’s consumption growth in the long run. “The danger of panic buying is that it can create inflation, especially for staple foods,” a senior economist at the […]
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