The Philippines announced Tuesday an easing of restrictions on economic activities in the capital Manila from Saturday despite extending a lockdown on the main island of Luzon to stem the coronavirus outbreak. Presidential spokesman Harry Roque said some manufacturing sectors in the capital will be allowed to restart at up to 50% workforce capacity, with […]
Read MoreLocal co-working space, The Desk, reduced its leasing fees last month by up to 50 percent, as the company attempts to retain clients during the COVID-19 pandemic. Kim Norith, Managing Partner at The Desk, told Khmer Times that although the business has been able to remain open, the pandemic has hurt client numbers because many […]
Read MoreThe COVID-19 pandemic is a huge challenge for businesses irrespective of sector and size in all regions and countries, including Vietnam. To ride it out and recover once the pandemic is controlled, Vietnamese businesses are seeking support from the Government, including tax breaks like value-added tax (VAT) reduction. Many businesses and business groups have urged […]
Read MoreThe government has issued a regulation on economic recovery to support, maintain and strengthen businesses, stipulating state capital injections for ailing state-owned enterprises (SOEs) and loan subsidies for small businesses, among other things. Under Government Regulation (PP) No. 23/2020 on the national economic recovery program, which took effect Monday, the government will carry out efforts to support […]
Read MoreEXPORT-oriented economies in South-east Asia could take longer to recover from the coronavirus-led slowdown, compared with those with lower exposure to the impact of the global recession, a report from Morgan Stanley suggests. This means that economies like Thailand, Malaysia and Singapore may have to wait until the first quarter of 2021 to recover, the […]
Read MoreMANILA, Philippines — Bank lending grew in March as easing moves by the Bangko Sentral ng Pilipinas (BSP) to stimulate demand and soften the impact of the coronavirus disease-2019 (COVID-19) outbreak on the economy make their way through the country’s financial system. Central bank data released Tuesday showed outstanding loans by big banks, net of reverse […]
Read More
Thailand
