WB approves credit to support Vietnam’s response to climate change Environment

WB approves credit to support Vietnam’s response to climate change

The World Bank in Vietnam announced on June 6 that the Bank’s Board of Executive Directors had approved an 84.4 million USD credit from the International Development Association (IDA) to support Vietnam’s multi-sectoral policy reforms so as to promote climate-resilient landscapes and green transport and energy systems.
Malaysian economy capable of positive growth in 2020 World

Malaysian economy capable of positive growth in 2020

The Malaysian Islamic Party’s Central Committee on Economic, Real Estate and Entrepreneur Development has predicted that the country’s GDP growth rate can reach 2.5-3 percent in 2020 despite the COVID-19 outbreak.
Malaysia widens fiscal deficit target World

Malaysia widens fiscal deficit target

Malaysia expects its fiscal deficit to widen to 4 percent of gross domestic product (GDP) this year because of the 58 billion USD stimulus measures announced to counter the impact of the coronavirus pandemic on the economy.
Malaysia may cut key interest rate again World

Malaysia may cut key interest rate again

After the Malaysian central bank (BNM)’s second overnight policy rate (OPR) cut on March 3, economists said that it will decide to shave off the key rate again and the cut will happen as early as May.
COVID-19 outbreak hits Indonesian tourism industry World

COVID-19 outbreak hits Indonesian tourism industry

The coronavirus disease (COVID-19), first reported in China, has hit Indonesia’s tourism sector as the country records slower growth in tourist arrivals following bans applied to visitors from China.
Malaysia unveils economic stimulus package World

Malaysia unveils economic stimulus package

Malaysia’s interim Prime Minister Mahathir Mohamad on February 27 announced an economic stimulus package worth 20 billion RM (4.7 billion USD) to mitigate the economic impact of the COVID-19 outbreak.
Thailand to launch new economic stimulus package World

Thailand to launch new economic stimulus package

The Thai government is preparing to introduce a fresh economic stimulus package after the second largest economy in Southeast Asia recorded a five-year low in growth last year and faces a possible contraction in the first quarter of this year.