KUALA LUMPUR: The manufacturing and agriculture sectors are among the main contributors to the country’s economic growth during the Covid-19 pandemic, according to Deputy Minister in the Prime Minister’s Department (Economy) Arthur Joseph Kurup. He said the latest indicators that showed the better economic achievement included the Manufacturing Sector Production Index Performance which increased by […]
Read MoreAsian Development Bank (ADB) has adjusted its medium-term outlook for Cambodia’s economy, projecting that it will contract by 4 percent by the end of the year. ADB’s previous outlook had projected that the national economy would decline by 5.4 percent compared with last year, as a result of the ravages of the pandemic. However, improved […]
Read MoreJoint Standing Committee on Commerce, Industry and Banking (JSCCIB) is urging the government to extend its economic stimulus campaigns for 3-6 months to continue ongoing efforts to boost spending. The call is being made as the economy has not fully recovered in the wake of the pandemic. The JSCCIB says the country still needs fiscal-monetary […]
Read MoreMANILA, Philippines — Credit rating agency Moody’s Investors Service has downgraded its outlook on Rizal Commercial Banking Corp. (RCBC) and Philippine National Bank (PNB) to negative as the coronavirus pandemic has heightened asset risks, putting pressure on the profitability of these banks. Nevertheless, Moody’s said both banks have strong capital, prompting the debt watcher to […]
Read MoreThe Hanoitimes – Minister of Planning and Investment Nguyen Chi Dung outlined five major solutions for Vietnam to realize its socio-economic development goals in 2020. Vietnam should prepare methods to resume trade and investment activities with countries having Covid-19 vaccines, while pushing for international cooperation in vaccine distribution to high risk areas. This is among solutions […]
Read MoreKUALA LUMPUR: Bank Negara has elaborated on the new and enhanced financing facilities for small and medium enterprises (SMEs), namely the Targeted Relief and Recovery Facility (TRRF) and the Micro Enterprises Facility (MEF), as announced in Budget 2021. In a statement, the central bank said under the TRRF, eligible SMEs which have been adversely affected by […]
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Thailand
