KUALA LUMPUR: The government’s decision not to implement a full-scale movement control order (MCO) has the support of chamber of commerce, industry, and small and medium enterprise (SME) associations. The SME Association of Malaysia said a total lockdown this time around might cause 40 per cent of SMEs to shut down and many multinational corporations […]
Read MoreCredit rating agency Moody’s on May 26 affirmed its long-term domestic and foreign currency deposit and issuer ratings of four Vietnamese banks. Accordingly, the Orient Commercial Joint Stock Bank (OCB), Tien Phong Commercial Joint Stock Bank (TPBank), Vietnam International Bank (VIB) have been assigned B1, while the Vietnam JSC Bank for Industry and Trade (VietinBank) […]
Read MoreWith China’s development projected to drive regional growth this year, Cambodia’s post-pandemic recovery continues to hinge on its continued partnership with the world’s second-largest economy, according to experts. Global foreign direct investment (FDIs) fell by 48 percent to $846 billion last year –its lowest level since 2015, according to Organisation for Economic Co-operation and Development […]
Read MoreMANILA, Philippines — The country’s balance of payments (BOP) position posted a surplus in April, reversing the deficits booked since the start of the year as more dollars flowed into the country due to higher borrowings to fight the pandemic, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the country recorded […]
Read MoreTotal trade for the country increased by 18.9 per cent from BND1,510.7 million to BND1,796.1 million in February compared to the same month last year, driven due to an increase of mineral fuel imports, according to statistics from the International Merchandise Trade Statistics (IMTS) report from the Department of Economic Planning and Statistics (JPES). For month-to-month changes, […]
Read MoreTHE decline in receipts for Singapore’s services industries eased further in the first quarter of this year, with a dip of 1.5 per cent year on year, according to data from the Department of Statistics (SingStat) on Thursday. This is an improvement from the revised 7.6 per cent decline seen in Q4. Quarter on quarter, […]
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Thailand
