Sunday, August 1, 2021
Singapore's Ministry of Finance (MOF) on Friday (July 23) announced a $1.1 billion support package to help cushion workers and businesses from the impact of phase two (heightened alert) measures in place from July 22 to Aug 18. This will be funded by reallocating underused funds and fiscal resources set aside earlier. Here are...
Deeper cooperation between China and the Association of Southeast Asian Nations (ASEAN) in the digital economy will benefit Wuhan, Central China's Hubei Province, which was hit hard by the COVID-19 pandemic, and accelerate its economic transformation and industrial upgrade amid a post-pandemic recovery, analysts said on Sunday (Jul 18). At...
Covid-19 infections are surging in several major Southeast Asian economies, and that has led Goldman Sachs to cut its 2021 growth forecasts for most of the region. The spread of the more transmissible delta variant has pushed daily Covid cases to record highs in Indonesia, Malaysia and Thailand in recent weeks....
Indonesia's central bank has cut its forecast for 2021 economic growth to 3.8% based on early assessment of the impact of recent coronavirus restrictions, from a previous forecast of 4.6%, its governor said on Monday. Southeast Asia's largest economy has been battling the region's worst COVID-19 epidemic, with cases and...
Malaysia will downgrade its economic growth outlook this year, according to the country’s finance minister, signaling that it could see expansion around 4%. While there is optimism the spread of Covid-19 can be contained and lockdowns can be eased, the government still expects to lower its gross domestic product outlook...
Malaysia held its benchmark interest rate at a record low Thursday, maintaining support for the economy amid mounting political instability and a prolonged virus lockdown. Bank Negara Malaysia kept the overnight policy rate at 1.75%, a decision expected by 19 of 21 economists surveyed by Bloomberg. The others had expected the...
Foreigners turned net sellers of Asian equities in June for a second consecutive month, as growing inflationary pressure and a spike in coronavirus cases in the region tempered risk appetite. Cross-border investors sold a combined net total of $725 million worth of equities last month in South Korea, Taiwan, the...
Many small and medium-sized enterprises, the backbone of Thailand's economy, are struggling with crushing debt loads that could force them out of business as the latest wave of Covid-19 infections dims the prospects for an economic recovery. "This round is much worse than last year, and millions of operators are suffering," said...
A tiny financial center of 5.7 million people is gradually preparing for life after the pandemic, as vaccination rates increase, social distancing measures ease and residents once again dare to daydream about leisure travel. A short ferry ride away, a sprawling archipelago with a population of 270 million is...
The prolonged Covid-19 pandemic is clouding economic projections for Southeast Asia, with most countries not expected to return to pre-pandemic growth levels for several years. The Philippines will see the largest decline in average annual gross domestic product growth in the three years ending 2022 -- more than five percentage...
Capital has started to pour out of Asian emerging markets as coronavirus outbreaks slow the region's economic recovery while investors price in the likelihood of interest rate hikes in the U.S. and Europe. International investors sold $500 million more stocks and bonds than they bought in Asian emerging markets in...
What time in human history do you think coincided with the greatest economic recovery? The answer, 100 years ago, the aftermath of world war one led to the roaring 20's, particularly, in the United States. As the nation's wealth doubled, the consumer society became mainstream and mass production really kicked...

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