Philippines to gain from global oil price drop: Oxford Economics

Lower global oil prices would partially offset the adverse impact of the COVID-19 pandemic on the Philippine economy, UK-based Oxford Economics said. “Under the current period of...

Cambodian government earmarks up to $2 billion for COVID-19 economic fallout

Cambodian Prime Minister Hun Sen on Tuesday said the government had set aside between $800 million to $2 billion to cushion the economic blows from...

Myanmar unveils huge drugs bust

Large quantities of heroin and methamphetamine have been unveiled to the international media near Myanmar’s border with Thailand inside the so-called golden triangle. The Burmese...

Myanmar businesses call for central bank intervention

Faced with the COVID-19 outbreak and an appreciating currency, the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) has requested the republic’s...

Coronavirus impact continues to spread 

Singapore’s factory activity collapsed last month as the flu-like coronavirus sent sniffles through Asean, disrupting global supply chains. However, the number of coronavirus deaths is...
Bank Negara Malaysia

Malaysia lowers policy rate by 25bps to 2.50%

The Monetary Policy Committee (MPC) of Bank Negara Malaysia reduced the Overnight Policy Rate (OPR) by 25 basis points to 2.50%. The MPC lowered the ceiling...

5.4% economic growth despite COVID-19: Bank Indonesia

Indonesia’s central bank is confident that the country’s economic growth could still rise to 5.4 percent despite the ongoing COVID-19 outbreak. Recently, Bank Indonesia slashed its economic...

Southeast Asia virus cases rise further

The spread of coronavirus disease 2019 (Covid-19) showed no signs of stopping as new confirmed cases were reported globally. Indonesia on Monday recorded its first...

Muhyiddin Yassin sworn in as 8th PM

One week of political turmoil starting with former Prime Minister Dr Mahathir Mohamad’s resignation on February 24 has finally culminated in a decision from...

Malaysia scraps cross-border Brunei projects 

Malaysia has pulled out of a cross-border agreement with Brunei to develop offshore oil and gas reserves. Malaysia’s state-owned Petronas oil company halted discussions earlier...

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Philippines transitions to online schooling amid coronavirus

The upcoming school year in the Philippines will push through as planned but the government was still not keen on allowing face-to-face classes. The Office...

Thailand rejects cash aid proposal for civil servants

Thailand’s Ministry of Finance has junked a proposal to offer cash aid to 91,000 farming civil servants for supplementary income, arguing that they are...

Singapore to reopen economy next month

Singapore is officially opening up its economy next month, albeit such a plan will be done so in phases, according to the multi-ministry task...