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...

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...

Philippines to probe Honda production shutdown

The Senate of the Philippines is planning to conduct an inquiry into the sudden shutdown of Honda Cars Philippines Inc.’s manufacturing in Laguna. Senator Joel...

Netflix’s woes and wins in Indonesia

Indonesian regulators are not quite ready to ‘chill’ yet at Netflix’s growing presence and popularity among citizens, but things could be looking up for...

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RCEP—world’s largest free-trade pact—’signed’

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Temasek offers $600-million rescue to Singapore shipping giant

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