The Malaysian government has unveiled another economic stimulus package worth 10 billion RM (2.4 billion USD) to bolster the country's economy and weather the impact of COVID-19.
Malaysia's economic growth is expected to improve in the second quarter of this year and recover in 2021, said Minister in the Prime Minister's Department (Economy) Mustapa Mohamed.
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.
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.
The Philippines will not allow students to go back to school until a coronavirus vaccine is available, said President Rodrigo Duterte in a speech aired on May 25 evening.
ASEAN nations, including Vietnam, are emerging as a destination of choice for many US and Japanese manufacturers who are looking to shift their production bases away from China following the US-China trade war and the COVID-19 pandemic.
As Vietnam employs unprecedented measures to recover from the economic ravages of the COVID-19 pandemic with hastened disbursement of public investment, supervision must be enhanced to prevent profiteering, politicians have warned.
Vietnam is a strong candidate among the alternative investment destinations as Japanese enterprises are moving away from China due to the COVID-19 pandemic, according to Hirai Shinji, Chief Representative of the Japan Trade Promotion Organisation (JETRO) in Ho Chi Minh City
Indonesian Minister of Tourism and Creative Economy Wishnutama Kusubandio has revised down the number of foreign tourists to Indonesia in 2020 from 16 million to 5 million amid the spread of COVID-19.
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.
Malaysian Prime Minister Muhyddin Yassin on March 27 announced an economic stimulus package worth 250 billion RM (57.5 billion USD) to deal with negative impacts of the COVID-19 pandemic.
Malaysian Prime Minister Muhyiddin Yassin on March 25 decided to extend the movement control order (MCO) from March 31 to April 14, as new COVID-19 cases in the country continue to rise.
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.
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’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.
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.
Malaysia’s modest gross domestic product (GDP) growth of 4.3 percent in 2019 is considered better than some of its neighbours, said Economic Affairs Minister Datuk Seri Azmin Ali.
The Malaysian Government is evaluating the need for an economic stimulus package and is ready to launch measures to deal with the effects of the 2019 novel coronavirus if necessary, according to Finance Minister Lim Guan Eng.
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