Saturday, April 17, 2021

APAC on the Road to Recovery

The economic situation in Asia Pacific (APAC) is expected to improve greatly this year, supported by the gradual recovery of economic activities, given the early containment of the pandemic in several Asian economies, said Moody’s Investors Service. With the region being relatively close to ground-zero for the coronavirus, neighbouring...
Malaysian Prime Minister Muhyiddin Yassin has just announced a new economic aid package worth up to RM15 billion (US$3.7 billion) on 18 January in an effort to mitigate the effects of a resurgent Covid-19 pandemic. The package was revealed in a televised address and is known as PERMAI, or the...
Despite all the hardships and logistical cartwheels that were caused by the Covid-19 pandemic, China’s economy grew at a faster than expected pace in the fourth quarter of 2020, ending a rough coronavirus-stricken 2020 in remarkably good shape and remained solidly poised to expand further this year. The country’s GDP...
Malaysia has done relatively well in containing the spread of the Covid-19 coronavirus. However, a recent surge in cases has brought with it new concerns. It is now very much a possibility that the country may see a return of the strict movement control order (MCO) lockdown which caused...
Recently, there has been much concern surrounding reports that Malaysia is falling behind its regional neighbours in terms of attracting foreign direct investment (FDI), including supposedly losing out on key strategic investments. Some have even pointed to the June 2020 United Nations Conference on Trade & Development as the origin...
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...
The Malaysia Convention and Exhibition Bureau (MyCEB) has said that it is currently in the midst of devising a proposal to reopen the country’s borders to delegations coming for business events from neighbouring countries. In a bid to stimulate and revitalise the business events industry and economy, it said the...
Lanzhou tops the Milken Institute Best-Performing Cities China Index Lanzhou, the capital of China's Gansu Province and a crucial link in China's One Belt, One Road initiative, is China's best-performing city in 2020, according to the Milken Institute. The city of Lanzhou is a shining example of the green development strategy that...
Singapore’s Prime Minister Lee Hsien Loong has recently announced that the nation has approved the Pfizer-BioNTech coronavirus vaccine. This means that Singapore will be the first country in Asia to receive the US developed shot. Lee says that the first of the doses are due to arrive later in December,...
By now, everyone has head the same old story. Covid-19 has caused unprecedented economic damage to the entire world, supply chains have been disrupted, nations are experiencing poor growth, et cetera. However, amidst the turmoil, there is a shining star that serves as excellent example. This star is Vietnam,...
CTOS Data Systems Sdn Bhd, Malaysia’s leading credit reporting agency, saw a record number of business credit reports pulled via the CTOS Credit Manager system by SME subscribers during Q3 this year. This highlights the importance that SMEs are putting on credit risk management in keeping their businesses protected...
With the economic disruption caused by the Covid-19 pandemic and subsequent lockdowns, continuous growth and expansion might be the last thing on the minds of companies and business owners. However, the truth is often surprising. Rather than hunkering down until the economic crisis blows over, four in five financial...

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