Thursday, June 24, 2021
Singapore will start a phased easing of its COVID-19 restrictions from next week, including allowing up to five people to gather from two currently, after a fall in the number of new infections, the health ministry said. The city-state had reimpose curbs on gatherings and public activities last month amid...
The public listings for two of Southeast Asia’s tech giants will likely pave the way for more high-growth businesses to emerge from the region, said venture capital firm 500 Startups. Contrary to concerns that regional heavyweights may “gobble up” smaller start-ups and stymie innovation, Vishal Harnal told CNBC that “couldn’t be...
Digital banks entering the Philippines’ market are picking up pace, with two more players from Singapore joining the ranks after Overseas Filipino (OF) Bank had its digital banking license approved last April. The Philippines’ central bank, Bangko Sentral ng Pilipinas (BSP) has green-lighted Singapore-based financial businesses Tonik Digital Bank (a unit of...
Singapore, a regional hub for technology firms, will change its tax system as needed once there is a global consensus, its finance minister said on Tuesday, after the world's rich nations agreed there should be a minimum corporate tax rate of 15%. Singapore, a low-tax jurisdiction where several multinationals including...
Minister of Foreign Affairs of Brazil, Carlos Alberto Franco França recently hosted a reception for Ambassadors of members of the Association of the Southeast Asian Nations (ASEAN) in Brasilia. At the meeting, the Brazilian minister highly valued ASEAN as the fifth leading economy of the world and the core of...
Member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Wednesday officially agreed to allow the United Kingdom to start the process of joining the pact, Japan's economy minister said. Japanese Economy Minister Yasutoshi Nishimura told reporters he welcomed the start of Britain's joining process after hosting...
Thailand's government approved a set of economic stimulus measures worth 140 billion baht (US$4.5 billion) to counter the impact from the nation's biggest coronavirus outbreak yet. The measures - which include cash handouts to welfare card holders and special groups, co-payments and cash rebates - are expected to be implemented...
Malaysian Prime Minister Muhyiddin Yassin on Monday announced an additional 40 billion ringgit (US$9.7 billion) stimulus package, ahead of the imposition of stricter lockdown measures to curb the rapid spread of Covid-19. The Southeast Asian nation is seeing a surge in coronavirus infections, with the number of new daily cases greater than India’s...
Malaysian stocks tumbled and the ringgit weakened after the government imposed a two-week nationwide lockdown to curb a relentless surge in Covid-19 infections. The FTSE Bursa Malaysia KLCI Index slumped as much as 1.6% on Monday, the most since March 31. The ringgit slid as much as 0.4% to 4.1480...
Singapore announced S$800 million ($605 million) in additional support for businesses and individuals affected by restrictions imposed this month as it confronts a recent uptick in Covid-19 cases. The measures include wage subsidies and rental relief for sectors particularly affected such as food and beverage as well as retail, the...
Singapore’s economy expanded more than first thought in the first quarter and the government maintained its growth forecast for the year, but struck a cautious note about recovery due to uncertainties from the COVID-19 pandemic. Gross domestic product (GDP) grew 1.3% year-on-year in the first quarter, the Ministry of Trade...
The Philippines, is one of the most dynamic economies in the East Asia Pacific region with increasing urbanization, a growing middle class, and a large and young population. But this country has seen many ups and downs in the history. From one of the contenders of Asia's tiger economy to...

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