The European Commission has added Myanmar to its list of states that pose high risks to the bloc’s financial system today (May 7) because of anti-money laundering and terrorism financing deficiencies. Cambodia, Barbados, Botswana, Ghana, Jamaica, Mongolia, Nicaragua and Zimbabwe are also included in the latest EU listing. Laos, Bosnia-Herzegovina, Ethiopia, Guyana, Sri Lanka and […]
Read MoreThailand’s economy may shrink 3%-5% this year, sharply down from growth of 1.5%-2.0% projected in March, as the coronavirus pandemic hits global demand and domestic activity, a group of leading business associations said on Thursday. The group also cut its forecast for 2020 exports, a key growth driver, to a fall of 5%-10%, from zero […]
Read MoreKUALA LUMPUR, May 8 ― Companies in Malaysia in a recent poll are most worried about making payroll and having no customers, with most reporting that they were forced to use their reserves for operational costs during the nationwide movement control order (MCO) as many of them also reported no sales and revenue in that […]
Read MoreThe central bank of Vietnam had previously cut the benchmark interest rates by 0.5 – 1 percentage point in March. If business performance is below expectation, the State Bank of Vietnam (SBV), the country’s central bank, may reduce policy rates by another 0.25 – 0.5 percentage points in the future, according to Bao Viet Securities […]
Read MoreDelishop.Asia, the leading online supermarket in Cambodia, has once again come up with an important innovation, this time a system that will enable it to deliver products to customers with negligible risk of Coronavirus transmission. The launch of a contactless delivery and service options for online payment was announced by the company in a news […]
Read MoreState-owned electricity company PLN acknowledged that the use of a new calculation method had caused an increase in electricity bills in April. PLN Jakarta general manager Ikhsan Asaad said on Wednesday that his office had addressed 2,200 complaints related to high electricity bills within the capital for the previous month. Ninety-four percent of the increases were proportional to […]
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