The Ministry of Electricity and Energy announced that it will provide free 150 units of electricity from August 1 to December 31. The ministry said that it is to encourage people who are facing difficulties both economically and morally. The country’s 2020 election is set to hold in November. People will get free electricity of […]
Read MoreSINGAPORE, Aug 19 — The Covid-19 pandemic has worsened wage inequality in Singapore with the lowest-income groups suffering the sharpest drops in their salaries. This is a finding from a DBS study released yesterday which looked at the incomes earned by 1.2 million of its retail customers — Singapore citizens and permanent residents aged 25 to […]
Read MoreThe annual rate of inflation in Myanmar, based on the Consumer Price Index, stood at 7.91 per cent in June 2020, according to a report released by the Central Statistical Organization under the Ministry of Planning, Finance and Industry. The figure has remained above 8 per cent since June 2019. The inflation rate stood at […]
Read MorePETALING JAYA: Malaysia’s benchmark interest rate is currently the lowest on record, but economists think there is a fair chance that it could drop even further. Bank Negara could be prompted to cut the overnight policy rate (OPR) due to concerns that a deep negative output gap may persist in the Malaysian economy, according to […]
Read MoreMANILA, Philippines — The Anti-Money Laundering Council (AMLC) yesterday warned banks and other financial institutions that money launderers and perpetrators of financial crimes are taking advantage of the shift in consumer behavior brought about by the COVID-19 pandemic. In a report titled “COVID-19 Financial Crime Trend Analysis,” the AMLC said criminals are abusing digitalization, such […]
Read MoreMedia spending plummeted 20.9% in the first seven months this year because of the pandemic and is expected to fall to a two-decade low of almost 72 billion baht this year, according to Media Intelligence (MI), a media planning and creative agency. The spending plunged to 40.7 billion baht between January and July, compared with […]
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Thailand
