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Thai economic outlook among Asia’s weakest

Thailand is preparing to restrict some aspects of daily life after the country’s biggest spike in coronavirus cases, further damaging one of Asia’s weakest economic outlooks. The steps to be considered Monday include placing more curbs on foreign arrivals, cancelling events with big crowds and closing entertainment venues deemed risky for spreading the virus. Confirmed […]

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COVID-19 could hit Myanmar’s FDI: MIC

The flow of foreign direct investment (FDI) into Myanmar could be hampered by the global COVID-19 pandemic, hitting manufacturing businesses which rely on labours and imports of raw materials, according to a senior official. The COVID-19 outbreak could curb FDI inflow in Myanmar to a certain extent, warned U Thant Sin Lwin, secretary of the […]

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Vietnam banks restructure debt maturities worth over US$930 million for customers

The Hanoitimes – Local lenders are considering waiving interest rates of outstanding loans worth VND185 trillion (US$7.94 billion) for 34,350 customers. Vietnam banks have so far extended payment terms for around VND21.75 trillion (US$934.85 million) in loans for customers affected by the Covid-19 epidemic, according to Nguyen Quoc Hung, director of the Credit Department under the […]

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Laos orders ten entry points to shutdown

Ten border checkpoints used to enter and exit Laos have been ordered to shut down temporarily to help curb the spread of Covid-19 with the remaining international checkpoints to monitor all arrivals closely. The ten border crossings instructed to close include six Lao-Vietnamese checkpoints: Panghok international checkpoint in Phongsaly province, Nam Soy checkpoint in Huaphanh, […]

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MAS says it stands ready to ensure the stability of Singapore’s financial system amid coronavirus spread

SINGAPORE – The Monetary Authority of Singapore said on Friday (March 13) that it “stands ready to ensure the orderly functioning of financial markets and the stability of the financial system in Singapore” as the coronavirus crisis deepens worldwide. It assured that the Singapore dollar money market and foreign exchange market are currently “functioning normally in the […]

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