Promoting economic resilience in the times of pandemic MANILA, Philippines — Every day, micro-retailers play a vital role by providing essential goods and services to their communities. Collectively, they are major economic drivers—even during the COVID-19 pandemic when they were hit hard by quarantine restrictions. It is in recognition of the valuable contributions of these […]
Read MorePresident Joko “Jokowi” Widodo has reiterated his commitment to eliminating overlapping regulations and developing more industrial parks across Indonesia. “Regulatory reforms must be carried out. Regulations that are overlapping, complicated and misleading [for] those [who] are at risk must be put to an end,” Jokowi said in a televised state of the nation address at the People’s […]
Read MoreKUALA LUMPUR: Malaysia’s economy shrank 17.1% in the second quarter ended June 30 as it was seriously impacted by the movement control orders, especially in April, which was a much deeper contraction compared with a Bloomberg survey of 10.9%. In a statement issued on Friday, the Statistics Department said the 2Q performance was the lowest […]
Read MoreThailand’s “pay to stay” visa programme for wealthy foreigners is seeing an expansion opportunity, with visions of the country becoming a haven for expats thanks to its relative success in containing the coronavirus. The Thailand Elite Card is a residential-visa programme for affluent expats, investors and long-stay groups. Membership, which ranges from 500,000 baht to […]
Read MoreIndonesia’s economy is expected to grow between 5.5 percent and 6 percent next year as economic activity is expected to return to normal after this year’s partial lockdown to contain COVID-19 transmissions, private lender Citibank Indonesia said on Thursday. Citibank Indonesia chief economist Helmi Arman said the economy may return to precoronavirus levels as early […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) has approved a $400-million policy-based loan for the Philippines to support reforms aimed at improving productivity in the agriculture sector. The multilateral bank said the Competitive and Inclusive Agriculture Development Program Subprogram 1 would help the government expand economic opportunities in the farm sector by implementing trade […]
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