Bank Indonesia (BI) has injected Rp 503.8 trillion (US$32.7 billion) into banks and the debt market to stabilize the rupiah and help support the government’s financing needs to combat the economic shocks of the COVID-19 pandemic. BI Governor Perry Warjiyo said that banks would be obliged to buy government bonds after the central bank freed […]
Read MoreThe coronavirus outbreak is spurring the adoption of e-document signing as more people work from home during the pandemic, says e-commerce pioneer Pawoot Pongvitayapanu. “E-signing has become the new normal over the past two months,” said Mr Pawoot, co-founder of local startup Creden, which provides online authentication using e-KYC (electronic Know Your Customer) technology. Mr […]
Read MoreMANILA, Philippines — Vehicle importers in the country expect total sales to fall 40 percent this year amid disruptions caused by the coronavirus disease 2019 or COVID-19 crisis. “The local industry is reeling from this invisible enemy as vehicle manufacturing, importation, distribution and maintenance have stopped completely. Demand has likewise declined as consumers spend on […]
Read MoreSingapore (THE BUSINESS TIMES) – Singapore’s construction sector is poised to take a hard hit from the Covid-19 outbreak in the short-term, and is now expected to contract sharply by 10.3 per cent this year in real terms, according to Fitch Solutions. This is down from its previous forecast of a 3.2 per cent contraction, […]
Read MoreKUALA LUMPUR, April 29 — The Malaysia Singapore Coffee Shop Proprietors’ General Association (MSCSPGA) urged Putrajaya today to clarify whether eateries, including coffeeshop operators, are also allowed to operate with full capacity with no time restrictions during the fourth phase of the movement control order (MCO) Datuk Hu Su Mong, the president of the association […]
Read MoreThe Hanoitimes – With the annual garment revenues of US$39 billion, Vietnam holds the potential of becoming a face mask manufacturing hub. Vietnam’s Prime Minister Nguyen Xuan Phuc has approved a plan on exporting surgical masks, Covid-19 drugs, and medical equipment after the country reported no coronavirus cases in the community for 10 days. The products […]
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Thailand
