Thursday, June 24, 2021
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...
13 Southeast Asian Startups Received Accolades at the ASEAN Rice Bowl Startup Awards The ASEAN Rice Bowl Startup Awards (Rice Bowl) has returned for another year of celebrating excellent startups within the ASEAN region. 13 leading ASEAN startups were named category winners at the 5th ASEAN Rice Bowl Startup Awards...
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...
Over 75 percent of Malaysian businesses have embraced at least one FinTech product or service over the past 12 months, according to findings from a new regional survey of business FinTech usage by global professional accounting organisation CPA Australia. Mobile payments and digital wallets were the most widely adopted FinTech...
The heavily anticipated ratification of the Regional Comprehensive Economic Partnership (RCEP) in 2021 is expected to usher in a new era of trade as the newly minted trade bloc will be the largest in the world, accounting for a third of the world’s entire population and close to 30...
Monthly mega-sales events are emerging as a key driver for Southeast Asia’s online-shopping boom, a study showed, as the region’s retailers are seeking to duplicate the success of China’s Singles Day and North America’s Black Friday. About 86% of the roughly 4,000 people surveyed in Southeast Asia said they bought...
Grab has launched its Small Business Booster Programme in Singapore. Said programme will include tools and initiatives that will make it much easier for offline businesses to transform themselves and make the shift towards digitisation. The programme also aims to help those already on the Grab platform to expand...
Japan's Suga vows to put growth ahead of fiscal reform, signals status quo of Abenomics Yoshihide Suga, on course to become Japan's next prime minister, said he would maintain incumbent premier Shinzo Abe's policy prioritising economic growth over efforts to fix the country's tattered finances. Suga, Japan's chief cabinet secretary,...
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 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...
With more and more vaccines flowing into Singapore, the city-state has announced that thus far, more than 6,200 people have already received their first doses of Covid-19 vaccines. Health Minister Gan Kim Yong said in a recent statement that Singapore aims to have up to eight vaccination centres up...
With the enforcement of lock-downs across ASEAN countries, one of the main concerns that follows, is the economic repercussions of the strict measures and the fear that it would have a long lasting impact on social well-being and economic performance. It was just a matter of time before ASEAN, which...

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