A stimulus package cobbled together by the government to mitigate against COVID-19 economic shocks has been largely welcomed by businesses and investors although details were vague. There are also doubts over the plan’s capacity to support swathes of Myanmar’s formal and informal economy. The government’s 15-page document, released April 27, listed more than 50 measures […]
Read MoreThe government is reassessing the cost of assistance to laid-off garment workers affected by the COVID-19 pandemic as it braces itself to spend more on rising unemployment, says the Ministry of Economy and Finance. According to the Garment Manufacturers of Cambodia (GMAC), nearly 200 factories suspended their operations because of the COVID-19 pandemic, wiping out […]
Read MoreKUALA LUMPUR, May 8 — The retail prices of RON95 and RON97 petrol will remain at RM1.25 and RM1.55 per litre respectively, from May 9 to May 15. The Finance Ministry in a statement today said the retail price of diesel will also remain at RM1.40 per litre. The prices are based on the weekly […]
Read MoreThe government agency in charge of downstream oil and gas policies is calling for lower fuel prices “as soon as possible” in light of the global oil price slump, while the energy ministry maintains a wait-and-see approach. Downstream Oil and Gas Regulatory Agency (BPH Migas) head Fanshrullah Asa said on Friday his office “wanted fuel […]
Read MoreThe coronavirus pandemic is expected to drive Thailand’s e-commerce growth by 30% in 2020, compared with the usual 15-20%, says e-commerce pioneer Pawoot Pongvitayapanu. Traditional retail businesses are likely to be disrupted by Chinese e-commerce players faster than expected, he said. Many local small and medium-sized enterprises (SMEs) will disappear within five years after e-commerce […]
Read MoreMANILA, Philippines — The benchmark Philippine Stock Exchange index (PSEi), the stock market gauge, managed to rise yesterday despite reports the economy contracted for the first time in more than two decades. The main composite index went up by 13.89 points, or 0.24 percent, to close at 5,653.16. On the other hand, the broader All […]
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