MALAYSIA could see a full-year recession in 2020, due to the economic fallout from the movement control order (MCO) as well as a worsening global economic outlook, Fitch Solutions warned. The market intelligence firm said it has slashed its 2020 real growth domestic product (GDP) growth forecast for Malaysia to -2.8 per cent, down from […]
Read MoreThe government should boost economic recovery spending to Rp 600 trillion (US$40.17 billion) to help businesses cope with the economic impacts of the COVID-19 crisis, as many businesses only have enough cash flow to maintain their operations for the next two months, a business lobby group has said. Indonesian Chamber of Commerce and Industry (Kadin) […]
Read MoreThe government is being urged to provide financial support of at least 50 billion baht to the gems and jewellery industry, which has been hit hard by the coronavirus outbreak, to enable producers stay in business and retain skilled labour. Duangkamol Jiambutr, director of the Gem and Jewelry Institute of Thailand (GIT), said local manufacturers […]
Read MoreSINGAPORE – New private home sales plunged to a five-year low last month and are expected to remain low in May as showflat galleries stay closed and new launches are pushed back further because of the extended circuit breaker. Developers in Singapore sold 277 private homes last month, down 58 per cent from 660 homes in […]
Read MoreThe Association of Media Companies and Profession said Thursday that media companies might need a relief package to help with paper procurement and utility bills to survive the unfolding COVID-19 pandemic. The association, representing 12 member organizations including the Alliance of Independent Journalists (AJI) and the Press Council, called for the government to subsidize 20 […]
Read MoreThe Hanoitimes – Local retailers in FMCG should rethink their channel strategy as Covid-19 impacted the way Vietnamese consumers shopping. All channels in fast-moving consumer goods (FMCG) have been achieving double-digit growth, which has never seen over the past seven years in Vietnam. It implies that the omni-channel shopping trend in Vietnam is further strengthened during […]
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Thailand
