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...

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...

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Bid to put Malaysia under state of emergency rejected

Malaysian King Abdullah Ri’ayatuddin has rejected a proposal to declare a state of emergency to combat the increasing cases of coronavirus amid strong opposition...

Thailand government urged to boost ties with China

Thailand was seeking to deepen its trade relationship with China in a bid to support its ailing economy amid the global pandemic. In a report...

Malaysia seeks reopening of border with Singapore anew

The Malaysian government was planning to reopen its shared border with Singapore as it sought to generate more revenues for the economy that was...