The government plans to allocate an additional Rp 56.5 trillion (US$3.8 billion) to a number ministries and agencies in 2021 to revive the economy, according to the National Development Planning Agency (Bappenas). Bappenas chairman Suharso Monoarfa said on Tuesday that the extra funds would be allocated to cover non-operational expenditures for the economic recovery and social […]
Read MoreKUALA LUMPUR, May 13 — Malaysia’s economy grew moderately at 0.7 per cent in the first quarter of 2020 from 4.5 per cent in the same quarter last year, as gross domestic product growth was affected by the Covid-19 pandemic and the implementation of the movement control order (MCO). Bank Negara Malaysia (BNM) said after […]
Read MoreMore activities and medium-sized businesses which have been temporarily halted or closed since late March will be allowed to resume next month, as the Centre for Covid-19 Situation Administration (CCSA) mulls a further easing of government-imposed restrictions ordered to curb the spread of the novel coronavirus disease. CCSA spokesman Taweesilp Visanuyothin on Monday said the […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production index fell 4.9% from a year earlier in March, the sharpest decline in nearly a decade, government data showed on Tuesday, as curbs imposed to contain the coronavirus pandemic severely disrupted activity. The index measures factory output from the manufacturing, mining and electricity generation sectors. The drop was just shy […]
Read MoreThe Philippines announced Tuesday an easing of restrictions on economic activities in the capital Manila from Saturday despite extending a lockdown on the main island of Luzon to stem the coronavirus outbreak. Presidential spokesman Harry Roque said some manufacturing sectors in the capital will be allowed to restart at up to 50% workforce capacity, with […]
Read MoreLocal co-working space, The Desk, reduced its leasing fees last month by up to 50 percent, as the company attempts to retain clients during the COVID-19 pandemic. Kim Norith, Managing Partner at The Desk, told Khmer Times that although the business has been able to remain open, the pandemic has hurt client numbers because many […]
Read More
Thailand
