MANILA, Philippines — The Board of Investments (BOI) is willing to study proposed revisions to the Comprehensive Automotive Resurgence Strategy (CARS) on production targets and timeline to meet the volume requirements under the program as the COVID-19 outbreak has slowed the demand for new vehicles. Trade Undersecretary and BOI managing head Ceferino Rodolfo told reporters […]
Read MoreCinemas are now re-open and pulling back revenue after five months of being shut down because of the Novel Coronavirus. Around 55,000 people returned to the big screens around Cambodia in the first week alone, still a fraction of previous audiences. After five long months of closures, silver screens re-opened across the Kingdom and saw […]
Read MoreCorporate earnings, trade data in focus TRADE figures to be released this week will continue to draw scrutiny as markets will assess the prospects of economic recovery. The Statistics Department is expected to release July’s export, import and trade balance data on Friday. Malaysia’s trade surplus widened by 98.7% to RM20.9bil in June 2020 – […]
Read MoreInvestors are concerned about the stock market performance, which has become unpredictable because of the pandemic. Covid-19 has had a big impact on the economy. The GDP grew by 3.6 percent in Q2, the lowest growth rate in 10 years. The stock market has also suffered from a Covid-19 crisis. In Q1 alone, the VN […]
Read MoreAnother government-backed centre has been established for the purpose of managing an economy rattled by the pandemic crisis, with redundancy and business interest as the core qualms expressed over the move. The cabinet on Aug 23 gave the green light to establish a centre to handle the country’s economic rehabilitation from the coronavirus crisis. The […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) plans to put a cap on the finance charges imposed by banks and financial institutions on credit card loans to help ease the burden of consumers amid the COVID-19 pandemic. In a draft circular forwarded to major stakeholders for comment, the BSP is looking at imposing […]
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