Businesses in Asean expect a significant or worse impact on business with more considering layoffs to reduce costs compared with the rest of the world, according to a survey by Korn Ferry. A whopping 81 per cent of businesses in Asean said they expect a decline in revenue, compared with 72 per cent for Singapore […]
Read MoreCambodia along with 14 other regional nations have reaffirmed their commitment to signing the Regional Comprehensive Economic Partnership (RCEP) by the end of 2020, a joint media statement said. The intentions were made during the virtual 10th RCEP Inter-sessional Ministerial Meeting chaired by the Vietnamese Ministry of Industry and Trade in Hanoi on Tuesday. The […]
Read MoreCambodia and its Asean member states are working together to restore the tourism industry in the region in the context of the pandemic spread, according to the Ministry of Tourism. Thong Rathasak, the Ministry of Tourism’s director-general, who joined an Asean tourism committee meeting via video conference from June 15-23 said that the 10-nation Asean […]
Read MoreMANILA, Philippines — Members of the Association of Southeast Asian Nations (ASEAN) are expected to benefit from a stronger currency swap arrangement and better financial safety net now that the amended Chiang Mai Initiative Multilateralization (CMIM) agreement is already in effect, according to the Department of Finance (DOF). In a statement, the DOF’s International Finance […]
Read MoreKUALA LUMPUR: Middle-powers like the European Union (EU) and Asean should heed the lessons learned from Covid-19 about the importance of continued relevance of global openness and free trade, says the CIMB Asean Research Institute (CARI). CARI chairman Tan Sri Munir Majid noted such points to be particularly pertinent as countries struggle to return to […]
Read MoreJune is shaping up to be a good month for Southeast Asia’s currencies, with every one gaining. The rebound is narrowing coronavirus-induced losses sustained by just about every foreign exchange in the region this year. While the Indonesian rupiah, Thai baht and Malaysian ringgit all showed improvement, the Philippine peso is by far the best-performing […]
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