MANILA, Philippines — The extension of the strict community quarantine in key economic areas in the Philippines until the end of the month will delay the country’s economic recovery, London-based think tank Capital Economics said. The government announced on Tuesday that Metro Manila, Cebu City and Laguna – considered high-risk areas for the coronavirus disease […]
Read MoreCentral Retail Corporation (CRC) has rolled out a plan to help small and medium-sized enterprises (SMEs) struggling with the pandemic by allowing free space at Robinson department stores. The scheme encompasses fashion, food and hardline retail through offline and online channels and at all Lifestyle Centers that are part of CRC. Over 19 million Thai […]
Read MoreThe real estate sector will “suffer in the short term” but will become “stronger than ever” once the COVID-19 pandemic is over, according to industry insiders. Dr Alexander Evengroen, managing director of Asean Realtor Inc and Group CEO of UK Condo & Property Co Ltd, said it cannot be denied that Cambodia – like a […]
Read MoreKUALA LUMPUR, May 13 — The government will be implementing a short- and medium-term economic recovery plan to rejuvenate the country’s economic growth soon, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz. The plan will highlight health guidelines and safe operating procedures in the new norm, capacity building, hiring of workers, job creation as well […]
Read MoreMyanmar has permitted the business of reinsurance and three new categories of general insurance in the country under two new directives – (4/2020) and (6/2020) – issued by the Insurance Business Regulatory Board (IBRB) on May 12. The three new categories are: Industrial All Risk, Construction All Risk/ Erection All Risk, and Bailee’s Liability Insurance. […]
Read MoreThe Hanoitimes – Fitch expected the central bank to further cut the benchmark rates, which would take the refinancing rate to 4.0% and the discount rate to 2.5%. In light of a weak economic outlook, there remains scope for further monetary easing both in benchmark rate cuts and other macroprudential measures, according to Fitch Solutions, a […]
Read More
Thailand
