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...

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...

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Thailand welcomes long-term tourists

Thailand on Tuesday has approved the entry of foreign tourists who will agree to undergo a 14-day quarantine. According to a report by the Bangkok...

ADB vows two-fold funding support for Indonesia

The Asian Development Bank (ADB) has committed to double its funding subsidy to Indonesia in a bid to support its economic recovery amid the...

Pilipinas Shell shuts down refinery amid global pandemic

One of the largest fuel producers in the Philippines is shutting down its sole refinery as the coronavirus pandemic continued to take its toll...