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Indonesia: PLN to give small businesses free electricity for six months

tate-owned electricity firm PLN has announced its intention to supply small-scale businesses and industries on 450-volt ampere (VA) contracts with six months of free electricity as part of the government’s latest expansion of social aid. PLN president director Zulkifli Zaini said the company had started gathering data of around 500,000 pre-paid customers from small businesses and industries eligible to receive the […]

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Laos to Loosen Lockdown Measures in Bid to Restart Economy

The Prime Minister’s Office has issued a notice regarding the easing and continuation of certain lockdown measures in Laos. The notice, effective from 4-17 May, outlines a gradual loosening of lockdown measures, with certain strict measures to remain in place. Businesses and Work Government offices and private sector businesses will be permitted to open normally. However, […]

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Thailand: Commerce officials pledge IP protection ramp-up

Commerce officials have vowed to work harder on intellectual property protection after Thailand remained stuck on a US watch list despite years-long efforts to tackle rampant piracy. The United States Trade Representative (USTR) officially announced on Wednesday it would keep Thailand on its Watch List (WL) for a fourth consecutive year after taking the country […]

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Philippines: Exporters eye revival of garments, textile sector

MANILA, Philippines — Philippine exporters are pushing for the revival of the local textile industry to enable the country to address the demand for personal protective equipment (PPE) and face masks brought about by the coronavirus disease 2019 or COVID-19 outbreak. During an e-forum, Robert Young, trustee for the textiles sector of the Philippine Exporters […]

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Malaysia: Finance minister asks banks to consider abolishing accrued interest on hire purchase loans, profits on fixed-rate Islamic financing during moratorium

KUALA LUMPUR, May 2 — Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz today requested that financial institutions consider abolishing the accrued interest on hire purchase (HP) loans, as well as profit from their fixed-rate Islamic financing, during the six-month moratorium period on loan repayments. Taking to his Facebook page today, Zafrul said that though […]

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Thailand: An accidental trader faces shifting winds

Charoen Laothammatas doesn’t aim too high in life. He lives simply and never had dreams of becoming a trader, especially in rice, a highly political crop with a tendency towards price volatility. “When I was young I wanted to be a doctor, but I didn’t have a chance to pursue studies in that field,” says […]

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