The Covid-19 crisis and the ensuing movement control order (MCO) have deep negative ramifications for many Malaysians, especially vulnerable, low-income families. With the exception of the headline news – a three-year peak in the unemployment rate and a contraction of quarterly GDP of over 17% – detailed evidence of the extent of these ramifications has […]
Read MoreSINGAPORE businesses have come in tops in a DBS survey of the digital readiness of corporates in the Asia-Pacific (APAC) region, with 45 per cent of local businesses indicating they have a well-defined digital strategy. Hong Kong came in second at 44 per cent, while Japan – which came in first last year – was […]
Read MoreThe rise in popularity of online shopping, particularly online grocery shopping, driven by the COVID-19 pandemic and the enforcement of large scale social restrictions (PSBB) is predicted to be the driving force of growth in the e-commerce sector in Indonesia and Southeast Asia this year, experts have said. Indonesia E-commerce Association (IdEA) chairman Bima Laga said […]
Read MoreLogwood Apparel Co Ltd has been given the go-ahead from the Council for the Development of Cambodia (CDC) to build a factory in Kandal Stung district, Kandal province. The newly-approved project with a total investment of $2.7 million covers the production of clothes and medical facemasks, according to a CDC news release. The investment amid […]
Read MoreMinister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah said that the country is attempting to bring down the unemployment rate to four per cent, or even lower. In an interview with the Bulletin at the opening of the Julangan […]
Read MoreMANILA, Philippines — The Philippines suffered the largest downward revision in outlook this year from the Asian Development Bank (ADB), which now see the economy plunging to a deeper contraction than most of its Southeast Asian peers due to the pandemic. The Manila-based lender now see the local economy shrinking 7.3% year-on-year in 2020, worse than […]
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Thailand
