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Vietnam: Local enterprises seek substantial supporting policies

Local firms have been hit hard by the fourth Covid-19 wave, and their efforts alone are insufficient to overcome this crisis. The fourth Covid-19 wave is causing major impacts on local enterprises, for which substantial supporting policies from the government are needed to help them overcome this difficult time. Local business leaders talked with Hanoitimes about this […]

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Thai banks strong, can weather uncertainty – BoT

Thailand’s banking system remained resilient with high capital buffers and liquidity to cushion economic uncertainty, the Bank of Thailand (BoT) said on Monday, as the country deals with a third wave of coronavirus infections. The outbreak, the country’s biggest so far, has hit consumption and tourism, prompting a growth outlook downgrade by the National Economic Development Council on […]

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Philippines: Prices of building materials continue to climb

MANILA, Philippines — Wholesale prices of building materials in Metro Manila continued to climb, rising at their fastest pace since the start of the pandemic last year, the Philippine Statistics Authority (PSA) said. The latest Construction Materials Wholesale Price Index (CMWPI), which is used as a reference in the costing of government projects, went up […]

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A customer counts her ringgit notes outside a money changer at the central business district in Singapore in this August 25, 2015 file photo.  Malaysia's ringgit jumped more than 5 percent to a five-week high on October 7, 2015 on stop-loss dollar selling and higher local stocks.  The ringgit, the worst performing Asian currency so far this year, surged as much as 5.2 percent to 4.1600 per dollar, its strongest since Sept 1.     REUTERS/Edgar Su/Files
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Malaysia: Ringgit opens easier amid ongoing Covid struggles

KUALA LUMPUR: The ringgit opened easier against the US dollar on Monday as the local currency continued to struggle amid concerns over the COVID-19 death toll, mobility restrictions and vaccination deployment, all of which have surfaced as short-term threats to the local economy. At 9am, the local currency eased to 4.1340/1370 against the greenback from […]

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Thailand: Restaurateurs hungry for eased rules

The government’s recent ban on dining in at restaurants in major cities and reports of more Covid infections at some high-profile restaurants have sounded the death knell for many eateries. These factors represent a doubly whammy for small and medium-size family-run eateries, street stalls and food vendors, which rely heavily on foot traffic. With the […]

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