KUALA LUMPUR, Aug 20 ― DAP secretary-general Lim Guan Eng has said Putrajaya should not penny-pinch when it comes to injecting more money into the economy to help those affected by the Covid-19 pandemic. He urged the government to consider another round of economic stimulus worth at least RM45 billion to prevent the country from […]
Read MoreMANILA, Philippines — Banks survived the first two weeks of broad lockdowns last March with larger deposits, reinforcing their lending strength, but one that was likely since reversed with stay-at-home consumers dipping into their savings. Total bank deposits stood at P13.89 trillion as of the first quarter, up 1.8% from P13.64 trillion recorded in previous […]
Read MoreThe Hanoitimes – An expansionary and flexible fiscal policy would help stimulate aggregate demand, create jobs and boost economic growth, stated Prime Minister Nguyen Xuan Phuc. In case the Covid-19 pandemic lasts for a longer period, the Vietnamese government should consider extending supporting programs, including waiving, freezing and delaying of taxes and fees payment until 2021 […]
Read More[BANGKOK] Domestic car sales in Thailand shrank for a 14th straight month in July, dropping 24.8 per cent from a year earlier to 59,335 vehicles as the coronavirus outbreak crushed demand, the Federation of Thai Industries (FTI) said on Thursday. But sales rose 2.28 per cent from June, helped by easing virus restrictions and Bangkok’s […]
Read MoreIndonesia can expect more capital going into its start-ups in the future as the country already enjoys the highest flow of funds in Southeast Asia after Singapore, according to Sequoia Capital India. The digitalization of Indonesia’s economic activity was one of the growth areas for start-ups in the country. “Another good thing about Indonesia is […]
Read MoreNEARLY 23,000 workers were affected by plans to slash business costs in July, led by a spike in the construction sector, according to Ministry of Manpower (MOM) data out on Thursday. The latest wage cuts take the number of affected workers to 224,800 for the period March 12 to end-July, although the volume of cost-saving […]
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