HANOI: A summit of Southeast Asian and other international leaders scheduled in Vietnam early next month has been postponed until end-June due to worries about the coronavirus pandemic, Vietnam’s Foreign Ministry said on Thursday. Vietnamese Prime Minister Nguyen Xuan Phuc has informed leaders of other Southeast Asian countries about the postponement, the ministry said. The […]
Read MoreThe Thai Industries Sentiment Index (TISI) in February hit its lowest level in 21 months, dropping to 90.2 because of weak purchasing power and the effects of the coronavirus outbreak, according to a report of the Federation of Thai Industries (FTI). Delays in this year’s fiscal budget and Eastern Economic Corridor (EEC) scheme as well […]
Read MoreCambodia’s small businesses are feeling the economic punch of the ongoing COVID-19 pandemic, leading them to seek government help. Associations working with the micro companies have backed the call. These include the Independent Democracy of Informal Economy Association (IDIEA), which said that while a full assessment of the financial impact on the sector has not […]
Read MoreThe rupiah depreciated 4.5 percent on Thursday as it nears Rp 16,000 per US dollar, a level unseen since the 1998 crisis, as Bank Indonesia’s (BI) easing move fails to entice investors on a selling-spree amid COVID-19 fears. The rupiah stood at Rp 15,912 against the greenback as of 3:40 p.m. BI on the same […]
Read MorePETALING JAYA: Moody’s Investors Service has revised downwards its gross domestic product (GDP) growth forecast for Malaysia to 3.0% in 2020, and 4.7% in 2021, in view of current risks. Last month, it had said the country’s 2020 real GDP growth should slow to 4.2% from the 10-year low of 4.3% in 2019. “The combination […]
Read MoreMANILA, Philippines — As expected, the Bangko Sentral ng Pilipinas (BSP) yesterday delivered a deeper interest rate cut of 50 basis points to soften the impact of the coronavirus disease 2019 or COVID-19 outbreak on the economy. BSP Governor Benjamin Diokno said the Monetary Board decided to implement a larger-than-expected cut in its benchmark interest […]
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