Friday, July 30, 2021
South Korea's trade ministry said on Tuesday (Jul 27) it has launched talks with ASEAN to update their free trade agreement (FTA) and further lower trade barriers, as the country seeks to diversify its trade portfolio and expand its presence in Southeast Asia. Officials from the two held a virtual...
The growth rates of the sharia economy in 2020 and early 2021 have been better than those of the national economy, Bank Indonesia (BI) has said. "In 2020, the growth of the sharia leading sector contracted by minus 1.72 percent, while the national growth, minus 2.07 percent," deputy governor of Bank Indonesia,...
During a period of lockdown and recession, fewer companies failed. This was a result of a combination of furlough schemes to reduce wage bills, state-backed loans to provide liquidity and laws to avoid bankruptcies. This in return saved a lot of companies. But some say surviving in cheap debt and...
Half of Malaysia’s 900,000 small and medium-sized enterprises (SMEs), which employ about 50 per cent of the country’s 15.9 million workers, could fold if the current Covid-19 national lockdown is extended beyond September, an industry group has warned. Since the pandemic broke out last year, at least 150,000 SMEs have shut,...
If you live in a developed country, did not lose your job and were lucky enough to be able to work from home during the pandemic, you are probably sitting on a pile of cash right now. And you are not alone. With restaurants, bars and stores closed, no possibility...
Thailand’s already locked down capital shut parks and the few remaining public places available to residents, as the country registered a new high of coronavirus infections. The near-total restriction on movements in the capital came as the prime minister demanded officials find ways to get the sick into hospitals after...
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...
Troubled water treatment company Hyflux will finally go into liquidation now that a court has approved an application for winding up the company, marking the end to a charismatic founder's once high-flying startup. "I am grateful for all the assistance rendered by all parties," Justice Aedit Abdullah said on Wednesday...
Cross-border payments provider Thunes has acquired Limonetik, a Europe-based payments platform. The firm will integrate Limonetik’s payments services with its own Thunes Collections international money transfer solution, which includes 285 fintech services that businesses can use in 70 countries, spanning mobile wallets, “buy now, pay later” financing, QR code...
Enterprises in Hanoi have been receiving support to overcome difficulties caused by the COVID-19 pandemic. According to a survey conducted by the Hanoi Association of Small and Medium Enterprises (Hanoisme) among 1,500 of its member businesses, 57 percent of them are operating moderately and 38 percent are at normal operation levels....
Japan must boost aid to small firms which are seeking to raise wages as part of efforts to prop up spending on tourism, restaurants and other services hit by the COVID-19 pandemic, private-sector members of a key government panel said on Wednesday. A resurgence in infections led the government to...
From his dusty Bangkok pawnshop, where gold deposits are still recorded in heavy wooden ledgers, Danai Tangvatanangkoon has had a ringside seat to decades of Thai economic crises. But since opening his business in 1989, nothing compares to the current crunch, he said, with forfeited power tools and watches stacking...

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