Singaporeans will be given $320 million in “tourism credits” to spend domestically as part of a campaign to prop up local businesses, Deputy Prime Minister Heng Swee Keat announced yesterday. The credits will be called SingapoRediscovers vouchers, named for the $45 million campaign launched last month to drive local spending to Singapore’s eateries, shops, hotels […]
Read MoreKUALA LUMPUR: Malaysia’s inflation rate in July fell 1.3% from a year ago due to lower fuel prices and it was in line with a Bloomberg forecast, but from a month ago, inflation was seen picking up. Chief statistician Datuk Seri Mohd Uzir Mahidin (pic) said in a statement yesterday that the Consumer Price Index […]
Read MoreThe exact date for the signing of the China-Cambodia Free Trade Agreement (FTA) continues to remain unclear as senior officials speculate to Khmer Times that the agreement could be inked in Beijing later this month. The new timeframe for the signing comes after the original scheduled date of August 12, to be held in Beijing, […]
Read MoreThe Treasury Department could reduce rental fees for 30-50 business lessees of state properties to mitigate Covid-19 impact. Many businesses have submitted letters to the Treasury Department requesting a reduction in rental fees by 50%, said director-general Yuttana Yimgarund. Airports of Thailand Plc, Phuket Ferry and various small and medium-sized enterprises operating in the hotel […]
Read MoreJAKARTA: Indonesia’s central bank kept its policy interest rate unchanged on Wednesday, prioritising market stability but loosened some lending rules to spur consumption in the pandemic-hit economy. The decision came after Southeast Asia’s biggest economy shrank 5.32% in the second quarter, steeper than expected, and amid a rising number of coronavirus cases in the country. […]
Read MorePlans to stimulate domestic consumption and private investment, curb rising unemployment and speed public investment are to be tabled for consultation at Wednesday’s first meeting of the newly established economic situation administration centre. The cabinet last Thursday gave the green light to establish a centre to handle the nation’s economic rehabilitation from the coronavirus crisis. […]
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