KUALA LUMPUR, April 13 ― Malaysia’s manufacturing sales grew by 7.0 per cent year-on-year (y-o-y) in February 2020 to register at RM110.6 billion from RM103.4 billion in February 2019, said the Department of Statistics today. Chief statistician Datuk Seri Mohd Uzir Mahidin said the y-o-y growth was driven by the increase in petroleum, chemical, rubber […]
Read MoreCambodian policymakers have more time to think of additional measures to mitigate the economic shock of the COVID-19 pandemic on the country, according to the National Bank of Cambodia’s director-general Chea Serey. Referring to the effect COVID-19 has already had on the country’s key industry sectors, Chea Serey said to international media outlet CNBC, “On […]
Read MoreKUALA LUMPUR, April 15 — Malaysia will not be spared the global headwinds combined with the mass effect of Covid-19, with the central bank together with the World Bank and Internal Monetary Fund (IMF) forecasting a growth contraction for this year, although its economy is expected to rebound with strong expansion next year, says Affin Hwang Investment […]
Read MoreThe government estimates that up to 3.78 million Indonesians will fall into poverty and 5.2 million lose their jobs during the coronavirus pandemic, while the International Monetary Fund (IMF) projects the worst global recession since the Great Depression. Finance Minister Sri Mulyani Indrawati said Tuesday that, with economic growth projected at the lowest level since […]
Read MoreMajor fuel retailers are adjusting operations in response to plummeting demand and prices caused in part by the pandemic. When the crisis began, food businesses owned by oil companies shifted from takeaway to home delivery. Mostly state-owned Bangchak Corporation said it plans to revise investment plans and is revamping business operations to deal with dropping […]
Read MoreFashion brands are urging the European Union (EU) to postpone the partial withdrawal of tariff preferences granted to Cambodia under the EU’s Everything but Arms (EBA) trade scheme because of the impact of the COVID-19 pandemic. The European Branded Clothing Alliance (EBCA) has asked the EU to delay the move which it agreed in February […]
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Thailand
