The flow of foreign direct investment (FDI) into Myanmar could be hampered by the global COVID-19 pandemic, hitting manufacturing businesses which rely on labours and imports of raw materials, according to a senior official. The COVID-19 outbreak could curb FDI inflow in Myanmar to a certain extent, warned U Thant Sin Lwin, secretary of the […]
Read MoreThe Hanoitimes – Local lenders are considering waiving interest rates of outstanding loans worth VND185 trillion (US$7.94 billion) for 34,350 customers. Vietnam banks have so far extended payment terms for around VND21.75 trillion (US$934.85 million) in loans for customers affected by the Covid-19 epidemic, according to Nguyen Quoc Hung, director of the Credit Department under the […]
Read MoreTen border checkpoints used to enter and exit Laos have been ordered to shut down temporarily to help curb the spread of Covid-19 with the remaining international checkpoints to monitor all arrivals closely. The ten border crossings instructed to close include six Lao-Vietnamese checkpoints: Panghok international checkpoint in Phongsaly province, Nam Soy checkpoint in Huaphanh, […]
Read MoreSINGAPORE – The Monetary Authority of Singapore said on Friday (March 13) that it “stands ready to ensure the orderly functioning of financial markets and the stability of the financial system in Singapore” as the coronavirus crisis deepens worldwide. It assured that the Singapore dollar money market and foreign exchange market are currently “functioning normally in the […]
Read MoreThe Hanoitimes – It is estimated that 20-30% of the volume and revenue of Vietnamese shipping lines are generated from the Chinese market. A survey conducted by the Vietnam Logistics Business Association (VLA) revealed about 15% of logistics firms expected that revenue will plunge by 50% compared to 2019, while more than half of them estimated […]
Read MoreRetailers are insisting that supplies of essential goods remain unaffected as people rush to buy basics like instant noodles, canned foods and toilet paper amid fears of a coronavirus-prompted lockdown. “Basic goods are not in short supply and, above all, manufacturers can still boost production capacity to cope with higher demand,” Chatrchai Tuongratanaphan, executive director […]
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Thailand
