PETALING JAYA: All eyes are on Bank Negara’s gross domestic product (GDP) announcement today, with the odds stacked against the Malaysian economy for the second quarter of 2020 (2Q20). A double-digit economic contraction is highly expected in the April-June period, potentially worse than the 1997 Asian Financial Crisis. A Bloomberg poll of 20 economists expects […]
Read MoreTour operators plan to speak with the Civil Aviation Authority of Thailand (CAAT) about lifting restrictions on international commercial flights in the fourth quarter to allow the Safe and Sealed plan to take shape. Vichit Prakobgosol, president of the Association of Thai Travel Agents, said state agencies and operators must cooperate to drive the economy […]
Read MoreKUALA LUMPUR – Malaysia’s gross domestic product (GDP) contracted 17.1 per cent year-on-year in the second quarter of 2020, compared to a marginal growth of 0.7 per cent in the first quarter, Bank Negara and the Department of Statistics announced on Friday (Aug 14). This is the worst performance in nearly 22 years when the […]
Read MoreBrunei Darussalam is moving towards more easing of restrictions, starting from August 17, which will see an increase from 100 to 200 in the number of attendees at mass gatherings, among other activities. The latest announcement for the de-escalation was made by Minister of Health Dato Seri Setia Dr Haji Mohd Isham bin Haji Jaafar, […]
Read MoreDr Burkhard Schrage, Senior Programme Manager of Management at RMIT’s School of Business & Management talked about the work of equitising State-owned enterprises during the COVID-19 pandemic. How do you assess the divestment of State-owned enterprises (SOEs) in the ongoing pandemic and economic insecurity? The push to continue divestments of SOEs in the second half of 2020 […]
Read MorePromoting 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 […]
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