KUALA LUMPUR, May 22 — The Leading Indicator (LI) for March 2020 recorded its largest monthly drop since November 1991, following the imposition of a two-week movement control order (MCO) beginning on March 18 to curb the spread of Covid-19. The Department of Statistics Malaysia (DOSM) chief statistician Datuk Seri Mohd Uzir Mahidin said based […]
Read MoreBank Indonesia (BI) will help provide liquidity for local banks involved in a credit restructuring program for micro, small and medium enterprises (MSMEs) as a part of its efforts to support the country’s economic recovery. BI Governor Perry Warjiyo said Tuesday that banks could use sovereign debt papers they held as underlying assets for repurchase […]
Read MoreThailand will remain an important production base for Japanese electronics company Panasonic, although the company has decided to shut down its washing machine and refrigerator plants in Chachoengsao and move to Vietnam. Sirirat Yongcharoenchai, general manager for corporate communication at Panasonic Management (Thailand), said top executives in Japan and Thailand have discussed closing the 41-year-old […]
Read MoreThe 55,000 factory workers and 4,300 tourism workers, who have had their jobs suspended by the COVID-19 pandemic, will receive their $40 “out of work” monthly entitlements through their Wing Specialized Bank accounts next week. The Ministry of Labour spokesperson, Heng Sour, told Khmer Times that the government has already allocated its budget for the […]
Read MoreFour commercial banks — Kasikornbank (KBank), Siam Commercial Bank (SCB), Krungthai Bank (KTB) and Bank of Ayudhya (BAY) — followed in the footsteps of Bangkok Bank (BBL), passing on some or more than the central bank’s 25-basis-point rate cut for their prime lending rates. The new rates for KBank, SCB and KTB take effect from […]
Read MoreMANILA, Philippines — More than a fifth of overseas Filipino workers (OFWs) are seen to lose their jobs this year, while new deployment would nearly grind to a halt in an unprecedented shock from the coronavirus to the Philippines’ economic lifeline. To date, Labor Undersecretary Claro Arellano told a congressional hearing 302,216 migrant workers had […]
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Thailand
