KUALA LUMPUR, April 22 — The World Bank has cautioned the Malaysian government about its inability to respond effectively should the Covid-19 fallout drag on, citing Putrajaya’s limited fiscal space for extended intervention. South-east Asia’s third-largest economy is already struggling to shield its workforce and small businesses from the devastation wrought by the Sars-CoV-2 pandemic. […]
Read MoreThe outflow of Foreign Direct Investment (FDI) from emerging market economies – such as Cambodia – have been recorded at their greatest levels in recent history, according to data collated by the International Monetary Fund (IMF). The impact has been attributed to the adverse effects on financial markets, consumption, investment confidence, international trade and weakened […]
Read MoreIndonesia’s palm oil exports, including oleochemicals and palm oil kernel, dropped nearly 19 percent in the January to February period driven by lower exports to China as the coronavirus pandemic took a toll on the country’s top export commodity. The Indonesian Palm Oil Producers Association (Gapki) said palm oil exports in the first two months of this […]
Read MorePUTRAJAYA, April 22 — The Immigration Department plans to come up with several new Standard Operating Procedures (SOPs) for entry of foreigners after the movement control order (MCO) ends, in an effort to curb the spread of Covid-19. Immigration director-general Datuk Khairul Dzaimee Daud said the SOPs would be brought to the attention of the Home Ministry for adoption. He […]
Read MoreMost SET-listed commercial banks in the first quarter remained resilient amid the floundering economy, while building higher provisions for expected loan losses from rising bad debt as new financial reporting standards are adopted and the coronavirus spreads. Six banks recorded an unaudited consolidated net profit for the three months to March totalling 24 billion baht, […]
Read MoreEmployees who are members of their business’s social insurance scheme may be eligible to receive about 500,000 kip as part of measures to help people affected by the Covid-19 outbreak, provided by the National Social Security Fund (NSSF). The businesses particularly affected by closure under the current lockdown are processing and garment factories, construction material […]
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Thailand
