The economy is expected to expand this year more slowly than previously forecast because of a resurgence in coronavirus cases, the central bank said, singling out an uncertain recovery in tourist arrivals as a “major risk” to the medium-term outlook. The latest outbreak that began in mid-December will have less impact on the economy than […]
Read More[JAKARTA] Indonesia’s central bank cut its benchmark interest rate to a record low and downgraded its growth outlook amid fears that a resurgence in Covid-19 cases is slowing its economic recovery. Bank Indonesia on Thursday slashed the seven-day reverse repurchase rate by 25 basis points to 3.5 per cent, the lowest level since it was […]
Read MorePETALING JAYA: Malaysia’s labour market has been suffering from weak productivity growth in the past several years. The country, which aspires to be a high-income nation, has also seen its productivity levels lagging behind Singapore, Japan and South Korea – key regional economies that had once trailed Malaysia in terms of economic size per capita. […]
Read MoreKUALA LUMPUR (REUTERS) – Malaysia’s Securities Commission and Bursa Malaysia announced on Wednesday (Feb 17) temporary relief measures for listed companies. The securities regulator and stock exchange will allow listed companies a one-month extension for issuing quarterly financial statements and annual reports. Listed firms with unsatisfactory financial conditions and inadequate levels of operations will be […]
Read MoreTo support small businesses affected by the Covid-19 pandemic, HCM City authorities have instructed traditional markets to reduce their rents by 50 per cent for six months. The cuts took effect in February, and the city had assigned the Department of Industry and Trade to manage it together with the Department of Finance. The rents […]
Read MoreMANILA, Philippines — The head of the country’s central bank said an accommodative monetary stance remains in place as it is too early to raise interest rates. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said in an interview with Bloomberg Television it is too early to hike rates as monetary authorities are focused on […]
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Thailand
