IMF approves $356 million support for Myanmar

The International Monetary Fund (IMF) has approved a total of $356.5 million support for Myanmar as the country suffers from an ailing economy despite...

Thailand allows laborers to return to offshore jobs

The government of Thailand has allowed thousands of its citizens to return to work overseas as the coronavirus disease-2019 (COVID-19) subsided in some countries. The...

Philippine tycoon Eduardo Cojuangco Jr. dies at 85

Eduardo Murphy “Danding” Cojuangco, who rebuilt San Miguel Corporation (SMC)— one of the largest business empires in the Philippines, died on Tuesday. He was...

Philippines gets much-awaited ‘A’ credit grade

The Philippines has nabbed the much-coveted “A” credit grade, with the Japan Credit Rating Agency (JCR) upgrading the country’s rating to “A-” with a...

Philippines turns to online sellers for revenues

The Philippine government has set its sights on online sellers as the country scrambled for revenues amid the global pandemic. In a memorandum posted on...

ASEAN’s Huaren Titans Must Pay Their Dues Beyond COVID-19

In a recently leaked letter, Thai Prime Minister Prayuth Chan-ocha made an unconventional appeal to the kingdom’s so-called “five families” to do more for...

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...

‘Thai Airways to seek rescue from bankruptcy court’

Flag carrier Thai Airways International Public Co. Ltd., still reeling from a series of net losses for three consecutive years, is now filing a...

ASEAN to focus on virus outbreak; set aside visa talks ‘for now’

Members of the Association of Southeast Asian Nations (ASEAN) are not yet keen on bringing to the table any talks about visa exemptions and...

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Philippines shuts media giant as lawmakers reject franchise bid

The Philippines shut down its largest broadcasting network by thumbing down the renewal of its franchise. Following 13 hearings, the majority of the lawmakers at...

The pandemic teaches us creativity and to appreciate life in a simpler way

The global pandemic did not just rob people to live life the way it used to be, but it also dampened global economies, shattered...

Philippines expects GDP to shrink further in second half

The Philippines was expecting its economy to slump further in the second half of the year as the government’s quarantine measures continued to take...