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Indonesia raises economic recovery budget to $39b

Indonesia has raised its budget for the National Economic Recovery program to Rp 553.09 trillion (US$39.4 billion), increasing fiscal support for a country struggling to contain its coronvirus outbreak, a minister said on Tuesday. “In plenary cabinet meeting and in other meetings, we’ve decided the size to be Rp 553.09 trillion. It means the government […]

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Thailand: Midnight boost for eateries

Dine-in restaurants across the country will likely this week be allowed to extend their opening times to midnight from what is currently 9pm, as part of the government’s plan to ease Covid-19 restrictions on businesses, Deputy Prime Minister and Public Health Minister Anutin Charnvirakul said on Tuesday. He was responding to a call by the […]

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Malaysia: Reviving domestic investments

PETALING JAYA: While economic conditions in Malaysia may have recovered from the lows of 2020, business sentiment has remained weak despite the billions of ringgit injected by the government to resuscitate the economy. The resurgence of Covid-19 cases has, to a large extent, stymied plans by businesses to expand operations and to increase capital investments, […]

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Vietnam’s bright economic outlook in 2021

2020 is a tough year for Vietnam, yet the economy has reaped remarkable achievements. Experts have been optimistic about Vietnam’s economic growth in 2021. 2020 was a remarkably difficult year. COVID-19 hit all socio-economic sectors throughout Vietnam. The country also battled one of the century’s worst droughts and just recently reeled from the worst floods […]

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Thailand: Support scheme for tourism staff

The Tourism Council of Thailand (TCT) aims to establish the Tourism Labour Bank assistance programme by March for tourism workers suffering from the impact of the pandemic as the fresh outbreak could result in up to 2 million workers in the industry losing their jobs. “The council will develop a tourism employment database that does […]

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