Indonesian rating agency Pemeringkat Efek Indonesia (Pefindo) has revised the outlooks of several financial institutions and downgraded the rating of asset-backed securities amid concerns over the impact of COVID-19 on the institutions’ performances. Between April 1 and May 5, the rating agency revised the outlooks of Mandala Finance, Bank Capital, Bank Victoria and Trimegah Sekuritas […]
Read More[SINGAPORE] A new mobile commerce solution will help more than 2,000 small and medium-sized enterprises (SMEs) set up their own virtual store and have access to a wide network of customers. The initiative, which aims to help SMEs such as heartland merchants deal with challenges in the retail landscape amid the Covid-19 pandemic, was announced […]
Read MoreVietnam is easing social distancing restrictions, seeking ways to live safely with the epidemic, and beginning to restore production and business to revive economic growth. The government, agencies, and localities are cautiously gearing up measures to help businesses overcome problems caused by the COVID-19 epidemic as the whole country is adapting to a new “normal”. […]
Read MoreMANILA: The Philippines is looking to import another 300,000 tonnes of rice to boost state stockpiles while battling the coronavirus pandemic, ahead of a lean third-quarter harvest, a senior official said on Monday. A government-to-government deal of this volume would raise Philippine rice imports so far this year to a record 3 million tonnes. Agriculture […]
Read MoreThe downturn in Indonesia’s manufacturing sector is likely to continue until the end of the year as demand and factory activity will remain low even after the COVID-19 pandemic ends, analysts have warned. Centre for Strategic and International Studies economic department head Yose Rizal Damuri said that the sluggish growth of Indonesia’s manufacturing industry, which […]
Read MoreMyanmar will approve the applications of up to 158 new medium and large-scale exploration and extraction mining permits, said U Thein Soe, Deputy Permanent Secretary of the Ministry of Natural Resources and Environmental Conservation (MONREC). The ministry has received more than 3000 applications to conduct activities at the new mining blocks since July 2018 and […]
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Thailand
