JAKARTA: Indonesia is working on a second stimulus package to shore up South-East Asia’s biggest economy, adding to the central bank’s aggressive moves to counter the impact of the coronavirus on financial markets. A new tranche of fiscal measures would be “sizeable” and “bigger” than the first one of 10.3 trillion rupiah (US$725mil) announced last […]
Read MoreThe Hanoitimes – Fitch Rating keeps the positive rating outlook for Vietnamese banks. The Covid-19 outbreak will hit Southeast Asian banking sectors through weaker economic growth, slower credit growth and dampened profitability, and Vietnam’s banking industry will also take a hit, Fitch Ratings has said in a note. In Vietnam, reduced tourism, disrupted manufacturing supply chains […]
Read MoreHotels are bracing to lose another major source of revenue as companies opt to make announcements online or through video conferencing to avoid contact with the coronavirus, rather than the typical method of pricey hotel press conferences. Major companies like Advanced Info Service (AIS), Lazada, Allianz Ayudhya Assurance and Kasikornbank are opting for teleconference calls […]
Read MoreProperty and land prices are set to rise in Lvea Aem district’s Kandal province following the government’s announcement of their future plan to partially integrate the area into a new district within Phnom Penh. Prime Minister Hun Sen said that the upgrading of Lvea Aeam is due to the fast development and urbanisation of Phnom […]
Read MorePETALING JAYA: Bank Negara Malaysia appears to have turned more cautious on the country’s economic outlook following its decision to slash the benchmark interest rate to the lowest level in nearly a decade. The central bank’s Monetary Policy Committee announced the reduction of the Overnight Policy Rate (OPR) to 2.5% from 2.75% earlier. The ceiling […]
Read MoreThe Asian Development Bank (ADB) will provide around US$2.7 billion in loans this year to support Indonesia’s human capital, infrastructure and green energy development. ADB president Masatsugu Asakawa said the bank planned to provide Indonesia with more loans this year than the $1.7 billion it provided in 2019. The bank plans to provide Indonesia with […]
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Thailand
