PETALING JAYA: The government will continue to explore various options to increase the national income including diversification of revenue sources, says Finance Minister Tengku Datuk Seri Zafrul Aziz. He said the current focus was on protecting the people and supporting businesses in order to revive and strengthen the economy. Tengku Zafrul said Malaysia’s fiscal deficit […]
Read MoreThe impact of Covid-19 continues to wreak havoc among businesses, with job recruitment firms facing a sharp drop in client lists amid dim prospects for an employment recovery in the second half of 2020. Manpower Group Thailand is among the firms bearing the heavy brunt after losing 60% of its 400-500 clients during the first […]
Read MoreChinese-owned giant telecom and technology company Huawei has pledged to support Cambodia’s digital development and bring new technology, according to its Cambodia’s country director. Chief Executive Officer of Huawei Technologies (Cambodia) Co Ltd Sovan Yao said in an interview with local media Fresh News the company will continue to cooperate with the government of Cambodia […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has lowered the reserve requirements for mid-size and small banks by 100 basis points to increase the capacity of the industry to further support the micro, small and medium enterprises (MSMEs). BSP Governor Benjamin Diokno said the reserve requirement ratio for thrift banks would be lowered […]
Read MoreAPPROVED investments in Malaysia slumped in the first quarter amid the Covid-19 pandemic, with full-year investment approvals likely to halve from 2019, UOB economists Julia Goh and Loke Siew Ting said in a July 21 note. Total approved investments were down 34 per cent year on year at RM37.4 billion. The bulk of this was […]
Read MoreThe Hanoitimes – Growing Chinese investment to Vietnam could turn the Southeast Asian country into a transshipment point for China to reroute its exports to a third country. With complicated trade relations between China and other countries, Vietnam should remain cautious about growing Chinese investment in the country, according to the Vietnam Institute for Economic and […]
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