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Myanmar negotiates for funds to rescue embattled economy

The government is negotiating for foreign aid and assistance from the World Bank, Asian Development Bank and International Monetary Fund (IMF) to help it implement a stimulus plan aimed at providing relief to businesses and industries affected by COVID-19, said U Maung Maung Win, deputy minister of Planning, Finance and Industry. The COVID-19 Economic Relief […]

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Thailand: Non-alcoholic sales increase

Despite the outbreak, Thailand’s non-alcoholic beverage consumption in the first quarter this year grew by 1.3% in value terms, but contracted by 0.6% in volume, says market researcher Nielsen Company Thailand. Chinta Srichintangul, executive director for retail measurement services, said the top three growth categories were functional drinks, drinking water and soft drinks. In 2019, […]

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Cambodia: Virus helped Malaysian firm make millions in Kingdom

Malaysia-based Pestech International Bhd, the power infrastructure specialist, is earning millions of dollars on a regular basis from three major projects in Cambodia despite the Covid-19 pandemic, according to the company’s CEO. Pestech CEO and Executive Director Paul Lim Pay Chuan believes the timing could not have been better because the group is collecting a […]

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