2020 – Page 23 – ASEAN Economic Community Strategy Center

December 16, 2020

Singapore: Lower- and middle-income workers to get extra support under new Covid-19 Recovery Grant

SINGAPORE – Lower- and middle-income workers affected by the pandemic will get more help from the Ministry of Social and Family Development (MSF) under a new grant. Called the Covid-19 Recovery Grant (CRG), the scheme announced on Wednesday (Dec 16) is for those who continue to suffer significant job or income losses despite earlier measures […]

December 16, 2020

Thailand among countries at risk in US Treasury’s currency report

WASHINGTON: Thailand is among several countries the US Treasury could label currency manipulators before President Donald Trump leaves office, analysts say, as the coronavirus pandemic skews trade flows and widens US deficits with trading partners. Currency experts say Vietnam, Taiwan and Switzerland also risk being found in violation of the three US criteria for currency […]

December 16, 2020

Slow recovery could damage Indonesia’s credit rating, Moody’s warns

Credit ratings agency Moody’s Investors Service has warned that Indonesia’s credit rating could be downgraded next year if there is a prolonged economic slowdown, a weakening policy framework or a deteriorating external position. “The trigger for a [potential] ratings downgrade is coming from long-term stagnation in growth that could last beyond 2020 and 2021,” said […]

December 16, 2020

Vietnam banks promote loans with low interest rates by year-end

The Hanoitimes – Given abundant liquidity and low demand for credit, banks are offering attractive loans during the year-end period. Many banks in Vietnam are offering loans with low interest rates in an attempt to meet their respective year-end credit goals amid a lack of demand for capital during the Covid-19 crisis. To aid enterprises resuming […]

December 16, 2020

Businesses cheer relaxed rules in Singapore’s phase 3 but border reopening still key

SINGAPORE – The move to relax restrictions and enter phase three of the economy’s reopening on Dec 28 has been welcomed by businesses, with those in retail, restaurants and the tourism sector hopeful of a boost to sales or footfall by 10 to 20 per cent. But a real game changer for the economy could be when […]

December 16, 2020

Philippines: Automakers risk falling short of lowered forecast after November slump

MANILA, Philippines — Strong typhoons that slammed Luzon hurt demand for cars in November, pushing sales down back in the red and marking a major setback for the auto industry’s goal of hitting a watered down projection this year. Car and truck manufacturers sold 23,162 units in November, down 7.4% on a month-on-month basis, a joint report by […]

Asean News

Malaysia’s construction sector expands 8.1% in 2Q 2023 – DoSM

Philippines: Government hikes budget for debt payment

Thailand: Behind the power tariff decision

Cambodia’s agricultural product exports at $2.6 billion

More Filipinos went jobless, sought more working hours in June

Cambodia, Laos & Myanmar – 2016 Foreign Investment Outlook

Vietnam: Elusive trade target with Vietnam renewed

Central Group wins bid for Big C Vietnam

Economy Retailers must find competitive edge: experts

Up to 72 percent of enterprises support TPP

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Yearly Archives: 2020