Back-packing-based businesses across Southeast Asia have seen a huge drop in business because of COVID-19 prompting border closures as well as travel restrictions. Companies that specialise in that area of travel are either throwing in the towel or adapting. Many are pushing forward with the latter option. There have been backpackers exploring Southeast Asia for […]
Read MoreKUALA LUMPUR: The ringgit rebounded to open higher on Tuesday as risk-on mood and steady oil prices supported demand. As at 9.07 am the ringgit was traded at 4.1660/1720 versus the greenback compared with 4.1730/1780 at Monday’s close. AxiCorp chief global market strategist Stephen Innes said the ringgit is trading stronger today, supported by improving […]
Read MoreThe government will extend the state of emergency through October as it plans to reopen the country to foreign visitors. The Centre for Covid-19 Situation Administration chaired by Prime Minister Prayut Chan-o-cha on Monday approved the extension of the emergency decree through Oct 31, according to Deputy Prime Minister Wissanu Krea-ngam. The panel also approved […]
Read MoreOverlapping laws and contradictory regulations are causing problems for many businesses and individuals. Capital disbursement gets stuck On October 2, 2019, Prime Minister Nguyen Xuan Phuc signed a decision on the establishment of the National Innovation Center (NIC). The Ministry of Planning and Investment (MPI) plans to set up the center at Hoa Lac Hi-tech […]
Read MoreDespite the pandemic which has caused disturbances in trade flow, Myanmar foreign trade is in the good shape thanks to the healthy demands for agricultural products, according to the Ministry of Investments and Foreign Economic Relations. Myanmar started to feel the impact of the COVID-19 earlier this year with business suffering a severe blow. However, […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may bring the key interest rate down to 1.75 percent by year-end to support the economy amid the pandemic, according to London-based macroeconomy research firm Capital Economics. In a report, the think tank said the BSP may cut the main policy rate by 25 basis points […]
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Thailand
