SINGAPORE saw a record jump in deposits in April as investors rushed to park funds here given its status as a safe haven amidst global market volatility, said analysts. The circuit-breaker measures have also resulted in excess liquidity as residents stay indoors with most shops shut, even as they become more cautious about spending. Deposits […]
Read MoreIndonesia’s Lion Air, which suspended all of its scheduled domestic flights late last month, said it will remain grounded indefinitely — including international services — because of the impact coronavirus-related restrictions have had on travel. The carrier, whose slogan is “we make people fly”, is grounding its fleet from Friday, it said in a statement. […]
Read MoreMalaysia’s Etiqa Insurance & Takaful, one of the country’s larger insurance groups, has been granted a business licence by Cambodia’s Ministry of Economy and Finance that allows it to tap into the nascent insurance market of a nation where an estimated 97 percent of the population do not have any form of insurance policy. Etiqa […]
Read MoreThe government has vowed to continue the development of national strategic projects during the COVID-19 health crisis with the addition of 89 new projects of an estimated Rp 1.422 quadrillion in investment value. Coordinating Economic Affairs Minister Airlangga Hartarto said on May 29 that the new projects were an addition to the existing 223 national strategic projects., and […]
Read MoreThe Hanoitimes – Following 48 straight day period without new cases of Covid-19 infection, the majority of social activities have returned to normal, said Prime Minister Nguyen Xuan Phuc. Vietnam would continue to accelerate the normalization of economic and social activities to ensure the successful realization of the dual target: containing the pandemic and boosting economic […]
Read MoreThe cabinet has approved the cut of the tax on land and buildings by 90% of the amount due for the 2020 tax year to relieve people’s burden, Prime Minister Prayut Chan-o-cha said. The cabinet approved on Tuesday a royal decree on the cut as proposed by the Finance Ministry. If the new rates under […]
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Thailand
