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 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...
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...
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...
US-Asean Summit postponed over virus fears
A long-scheduled summit between the Association of Southeast Asian Nations (ASEAN) and the United States will no longer push through as planned.
According to a...
Philippine Airlines lets go of 300 workers
Flag carrier Philippine Airlines has laid off some 300 employees as part of its retrenchment program as the coronavirus disease 2019 (Covid-19) continues to...
Election-friendly Budget 2020 features goodies galore
Finance Minister Heng Swee Keat and heir apparent to current Prime Minister Lee Hsien Loong took “a tad longer than usual” with his speech...
Singapore most vulnerable to coronavirus: analysts
The coronavirus is expected to force Asean’s economies to either slow down rapidly or contract in the current quarter, according to economists.
Singapore is due to...
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How ASEAN’s water scarcity will exacerbate the Covid-19 crisis
While the world’s attention is squarely focused on Europe as the global epicentre of the coronavirus epidemic, Southeast Asia is also well on track...
Singapore’s corona-tracking measures invite both acclaim and controversy
As the coronavirus pandemic has wreaked havoc around the world, Singapore has garnered praise for flattening the curve of the virus’s spread. The city-state’s...
Pilgrims gather in Indonesia despite coronavirus fears
More than 8,000 Muslim pilgrims have already gathered in Gowa, in Indonesia’s South Sulawesi province, despite a formal request to postpone the event from...