BSI lost its license to do business in Singapore for breaches of money laundering rules. • Malaysia central bank governor Muhammad Ibrahim resigned in 2018 amid questions over the role the monetary ... ( read original story ...)
South Korea Enters Recession as Exports Plunge by Most Since 1963
South Korea plunged into recession in the second quarter in its worst economic decline in more than two decades as the coronavirus pandemic battered exports and social distancing curbs paralysed ... ( read original story ...)
Small businesses essential for Myanmar’s COVID-19 recovery: DaNa Facility
Small businesses are essential for Myanmar’s economy to recover as economic growth is forecasted to slow to zero due to COVID-19, according to a recent report from UK-funded DaNa Facility. ( read original story ...)
Business licences to be required for internal transport
Units, organisations or companies that use internal transport will have to obtain transport business licences if the proposed revised law on road traffic from the Ministry of Transport is passed. ( read original story ...)
European firms more positive about Vietnam’s business climate
European businesses are more positive about Vietnam’s trade and investment environment in the first few months after COVID-19, the Business Climate Index (BCI) unveiled by the European Chamber of ... ( read original story ...)
China’s V-shaped recovery is good news for Japanese stocks: Wisdom Tree
Jesper Koll of WisdomTree Investments says China's economic rebound will pull profits higher for many Japanese companies. ( read original story ...)
Indonesia records FDI decrease in second consecutive quarter
Indonesia’s economy grew by 2.97 percent in the first quarter, the slowest in 19 years. The government expects the economy to shrink by up to 5.08 percent in the second quarter as the outbreak ... ( read original story ...)
Indonesia’s government admits slow disbursement to virus-hit small businesses
The government has channeled Rp 11.84 trillion (US$809.1 million) from the COVID-19 stimulus package to small businesses and cooperatives as of Tuesday but conceded that it had been slow in disbursing ... ( read original story ...)
Indonesia Bourse Tipped To Rebound On Thursday
The Indonesia stock market headed south again on Wednesday, one session after it had ended the two-day slide in which it had dropped ... ( read original story ...)
Indonesia’s horticultural products more expensive than neighbors, says Japan’s Nanyang
Indonesian frozen horticultural product prices were 40 percent higher than those from neighboring countries like Thailand and Vietnam, because of high production costs and small production scale. ( read original story ...)