Friday, July 10, 2020
Indonesia's central bank has agreed to buy a total 574.59 trillion rupiah (US$39.74 billion) of low-yielding government bonds this year to help fund the economic recovery programme, Finance Minister Sri Mulyani Indrawati said on Monday.The bond-buying programme will help finance the 2020 fiscal deficit, which is forecast...
Malaysian Prime Minister, Tan Sri Muhyiddin Yassin said the government's top priority is to ensure that the economy is back on the right track through the economic stimulus packages and assistance. He cited the RM260 billion Economic Stimulus Package (PRIHATIN) as one of the measures introduced by the government...
Small and medium enterprises (SMEs) in Indonesia are battling with challenges ranging from an unstable internet connection and logistics disruptions to financing difficulties and weakening purchasing power as they cope with the COVID-19 crisis.A recent survey conducted by Sea Insights found that 50 percent of business owners...
https://www.facebook.com/smemagazineasia/videos/584499302255513/ After weeks of lockdown and restricted movement, businesses are on track to reopening. The COVID-19 pandemic has been a major headache for businesses and consumers alike. Even now, as companies are scrambling to readjust to the new business climate, more and more new challenges have revealed themselves. With consumers still...
The Malaysian government is encouraging people to buy local products as a means to revive the national economy amid the global economic downturn caused by the COVID-19 pandemic. Domestic Trade and Consumer Affairs Minister Datuk Alexander Nanta Linggi said Malaysian businesses needed support as the pandemic and movement control order...
The Malaysia Digital Economy Corporation (MDEC) launched Founders Grindstone on Friday as its sixth funding initiative in the span of four months, following the facilitation of five alternative funding initiatives for companies seeking financial relief during the movement control order. This latest initiative by MDEC’s Global Growth Acceleration division is...
SMEs in five Southeast Asian (SEA) markets, that being Malaysia, Singapore, Indonesia, Thailand, and Vietnam, are counting on the benefits of technology to help weather the storm of the COVID-19 pandemic, according to a recent survey conducted by United Overseas Bank (UOB), Accenture, and Dun & Bradstreet. The research was...
MDEC announces automation grant to support SMEs making the digital leap The Malaysia Digital Economy Corporation (MDEC) has introduced the #SMART Automation Grant (SAG) as part of the government’s initiative to expand support for small and medium enterprises (SMEs) to make the digital leap in this era of unprecedented disruption. Chief...
Demand for international travel to sink 80 per cent this year as coronavirus pandemic crushes tourism, says Euromonitor Demand for international travel could fall by as much as 80 per cent this year, and recovery to pre-crisis levels could be stretched into 2023 if the global economy sinks...
Indonesia’s Industry Ministry is currently seeking to increase the role of SMEs in supplying raw materials for larger businesses, as the government intends to rely less on imported goods. A program that runs from July 1-15 aims to prepare selected SMEs by helping them with brand registration, packaging as well...
Britain to give Hongkongers residency rights and path to citizenship after National Security Law Passed The British government has agreed to allow around 3 million Hongkongers eligible for British National (Overseas) passports and their dependents (pic) told Parliament the law was a “clear and serious breach” of the 1984 Joint...
Asia Pacific consumers shift rapidly to digital commerce and show no signs of turning back The way we shop is changing and how we pay is evolving. As COVID-19 alters our daily lives, consumers in Asia Pacific are rapidly going digital with purchases of everything from groceries to...

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