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Revitalising Malaysia’s economy through tough times

KUALA LUMPUR (BERNAMA) – With jobs in the services and manufacturing sectors hanging by a thread due to an economic downturn, particularly in the second quarter, economic revitalisation is the pulse in rebuilding the Malaysian economy as the country fights COVID-19. From measures of easing the burden of taxes and providing job security, the National Economic Recovery […]

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Philippines recovery may fall behind Asian neighbors

MANILA, Philippines — Philippine economic recovery may fall behind those of other countries in Asia after the “dreadful” labor and industrial data released recently, according to London-based Capital Economics. The macroeconomy research firm said that with lockdowns eased only gradually, it may be more difficult for the Philippine economy to recover from the collapse in […]

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COVID-19 shuts down a third of Myanmar businesses

Nearly one third of companies in Myanmar have temporarily closed because of the coronavirus lockdown and the vast majority of those still operating have reported lower turnover, according to the Asia Foundation.  A nationwide poll of 750 local businesses – the largest survey so far of the impact of the pandemic – covered the two […]

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Thailand: Companies want clarity on CPTPP

The private sector is calling for a quick and clear stance from the government on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Companies cited foreign investors who have already invested and are interested in further spending in Thailand, though they are waiting for the government’s decision on participation in the pact to determine […]

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Philippines: BSP waives fees on interbank fund transfer

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has waived the fees of fund transactions made through the central bank until the end of the year, allowing banks and financial institutions to promote digitalization amid the changing economic landscape due to the pandemic. BSP Deputy Governor Maria Almasara Cyd Tuaño-Amador said it is critical […]

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