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Asean summit in Vietnam postponed until end-June over coronavirus

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 […]

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Thailand: TISI drops to lowest level in 21 months

The 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 […]

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Cambodia: Small businesses seek Government’s help

Cambodia’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 […]

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Philippines: BSP delivers deep interest rate cut

MANILA, 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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