The Garment Manufacturers Association in Cambodia (GMAC) has stated approximately 60 percent of its factories have been severely affected by cancelled orders of ready-made garment exports, due to the COVID-19 pandemic. Ken Loo, secretary-general of GMAC told Khmer Times that the majority of buyers of Cambodian garments and textiles have already cancelled their orders. However, the association […]
Read MoreTHE Monetary Authority of Singapore (MAS) on Wednesday rolled out a S$125 million support package to help financial institutions and fintech firms amid the current economic slump. Funded by the Financial Sector Development Fund, about S$90 million will go towards supporting workforce training and manpower costs, and the remaining S$35 million, towards strengthening digitalisation and […]
Read MoreKUALA LUMPUR (Bernama) – The coronavirus or COVID-19 outbreak, which is said to have originated at a wet market in Wuhan, China, has spread all over the world like lightning and was categorised as a pandemic by the World Health Organisation (WHO) on March 11. To date, the virus has infected over a million people in […]
Read MoreAbout 1.7 million small and medium-sized enterprises (SMEs) with total loans outstanding of 2.4 trillion baht are eligible to participate in the Bank of Thailand’s six-month deferment period on principal and interest and a 500-billion-baht soft loan scheme, says the central bank’s chief. Another measure is the Corporate Bond Stabilisation Fund (BSF), a pre-emptive strike […]
Read MoreThe Government on Tuesday announced the suspension of the annual Khmer New Year celebration, in a bid to stop the spread of the Novel Coronavirus. The move will spell further fiscal woes for the already embattled tourism industry.Speaking during a press conference, Prime Minister Hun Sen said the decision was made in a bid to […]
Read MoreThe effect of coronavirus disease 2019 or COVID-19 on the Philippine economy for the rest of the year deserves attention. The good prospects entertained for 2020 have been shattered by the onslaught of the pandemic, which required extreme measures that has put the economy to a halt. Assessing the immediate future. What is in store as […]
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Thailand
