AirAsia Group retains workforce despite low travel demand

Malaysian carrier AirAsia Group Bhd was poised to retain all its employees in the wake of the global coronavirus outbreak that has severely damaged...

Philippine economy to slow to 2% — ADB

The growth of the Philippine economy is likely to be sharply tempered this year, weighed by the effects of the enhanced community quarantine to...

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...

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 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...
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...

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 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...