KUALA LUMPUR (BERNAMA) – The Malaysia Digital Economy Corporation (MDEC) and Huawei Technologies (Malaysia) Sdn Bhd have signed a Memorandum of Understanding (MoU) to spearhead the initiative to drive Malaysia’s position as the heart of Digital ASEAN. This collaboration will kickstart with a white paper development conducted by both parties on identifying and developing key elements to […]
Read MoreAs part of its attempts to revive the economy, the Malaysian government, in its latest economic stimulus package (Penjana), is giving tax exemptions such as waiving stamp duties and allowing exemptions from real property gains tax to revive the property sector. This sector is seen as an important one as many downstream sectors are dependent […]
Read MoreThailand’s second-quarter economic contraction could reach a record 13% year-on-year after business activity was halted by lockdown measures during the period, says the Bank of Thailand. The anticipated decline would mark the lowest year-on-year growth figure since a 12.5% contraction in the second quarter of 1998 in the wake of the 1997 Asian financial crisis, […]
Read MoreForeigners have continued to be left stranded in Cambodia because many are unable to receive refunds on cancelled flights, are not eligible for embassy loans and have no employment opportunities to fund expensive flights home. According to the Foreigner Present in Cambodia System, 114,367 foreigners remain in the Kingdom. In response, social media groups are […]
Read MoreSINGAPORE – Survival has become the primary concern for many small and medium-sized enterprises (SMEs) here as they struggle to keep afloat amid the economic fallout from Covid-19. While some owners have begun frantically diversifying business offerings to find new sources of revenue, others have taken on odd jobs to make ends meet. Florist Pang […]
Read MoreMANILA, Philippines (3rd update: Aug 3 at 11:01 a.m.) — The Philippines would wake up Monday scrambling to adjust to stricter lockdowns due for enforcement in 24 hours, a decision government abruptly made in the wee hours of Sunday after facing renewed public backlash over its pandemic response and an urgent appeal from swamped and exhausted health workers. In […]
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