Wednesday, July 8, 2020
Singapore will be moving into phase two of reopening the economy on 19 June 2020. With this new phase of de-escalation, businesses are putting in place as many safety measures as possible as thy prepare to once again welcome customers. At the same time, government service centres and libraries...
In a national broadcast, Singapore’s Minister of Trade and Industry, Chan Chun Sing, spoke about how the Government will create opportunities for all to improve their lives at every stage of their careers. COVID-19 had hit Singapore particularly hard, resulting in the closure of many small businesses and the...
Malaysian Prime Minister Muhyiddin Yassin has unveiled a RM35 billion (US$8.2 billion) stimulus package to help the nation’s economy recover from the impact of COVID-19 and the subsequent MCO lockdown measures, which saw the majority of businesses shut down for weeks under restrictions on public activities. Out of the RM35...
Cash flow has always been a problem for SMEs, even before the COVID-19 pandemic. A general lack of sufficient support as well as their size made it neither easy nor simple for SMEs to establish a proper cash flow. The onset of COVID-19 only served to make the situation...
As time passes by, the impacts on SMEs around the world are clear - as the economy comes to a standstill, the fate of SMEs now relies on government efforts world-wide. In Malaysia, as a result of an extended movement control order, SMEs are running out of cash. As business...
The sales of new vehicles in Malaysia are expected to contract by around 16.5 percent this year as anticipation of a further extension of the Movement Control Order (MCO) beyond the current phase 3 builds. For most market observers, the general feeling is that listed automotive companies will suffer a...
Italy to boost measures to help small firms, Japan unveils fresh economic package Italy will boost measures to soften the economic impact of the COVID-19 such as suspending the need to pay household bills, calling for the European Union to change its rules to allow more government spending. The whole...
CUHK Business School Research Reveals U.S. Firms Not Coming Home Amid Trump's Trade War The foundation of the current U.S. administration was President Donald Trump's vision of "Make America Great Again" and his promise to bring jobs back to the U.S. From the tariffs on US$550 billion of Chinese goods...
China’s President Xi Jinping is enlisting the financial sector in a war against a virus outbreak that has killed more than 500, mobilising lenders, brokerages and fund managers to pump resources into stricken parts of the economy. Answering Beijing’s call, banks are rushing to offer virus-fighting loans at ultra-low rates,...
While racing to control the outbreak of the novel coronavirus, China is moving fast to help vulnerable sectors and impacted small firms pull through. Supportive policies for enterprises and employment should be well implemented while enhanced efforts will be made to keep major sectors of the economy stable, the...
Hong Kong economy shrinks for first time in a decade The Hong Kong economy's first recession in a decade deepened in the fourth quarter of 2019, weighed down by anti-government protests and the US-China trade war. Last year was the worst for Hong Kong's growth since 2009, when the financial...
August worldwide air cargo shrinks for the 10th month, in longest losing streak since 2008, as trade war crimps shipments Global air freight dwindled for the 10th straight month in August, marking the longest declining streak in more than a decade, as the year-long tit-for-tat tariffs between the world’s two...

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