Business

The Asean region is expected to do more trade with China amid the coronavirus pandemic crisis, Deputy secretary-general of Asean Kung Phoak said in an interview. According to the senior official, the proximity with China has made the region a strong trading partners, even in the Covid-19 health crisis period. He also pointed out that even before the pandemic started, …

MANILA – Sun Cruises Inc., provider of cruise and tour services for Corregidor Island, on Tuesday announced that they will be officially closing down effective last May 16. Sun cruises, on their official Facebook account, posted a statement and a copy of the closure notice that ended a more than 30 years of service to people who are interested on …

This year, Malaysia will double the limits for online settlement, as the rush of small investors into stocks helped push the market into bull territory. In the second half, the Securities Commission would require up to RM100,000 regular electronic settlement, from the current cap of RM30,000 to RM50,000, said executive chairman Syed Zaid Albar in an emailed reaction to request. …

No one expected that the year 2020 would start off with a global pandemic and how COVID-19 pandemic would effect Thailand’s economy. It all started with the first patients with the deadly coronavirus infection from China’s Hubei province. The wildlife market in the province’s capital city of Wuhan has been named as the source of the infection. The highly contagious …

As the trade war between China and the United States continues to grow, China’s trade focus are now shifting to its southern neighbors. The Asean is now China’s largest trading partner in the first quarter of 2020. During this period, Trade with the Asean region increased by US$140 billion or accounting to near 16% of total trade volume. Although China …

Malaysia ‘s military pension fund considers alternatives for its majority interest in Boustead Holdings Bhd like taking private conglomerate, said people with knowledge of the matter. Lembaga Tabung Angkatan Tentera, which owns a 59 per cent stake in Boustead, has been authorised for a loan to finance the transaction, one of the people. Boustead ‘s stock, an investment company with …

MANILA – Vietnam’s PM Nguyen Xuan Phuc has assured President Rodrigo Duterte of a long-term supply of rice to the Philippines amidst the coronavirus pandemic. Vietnam is Philippine’s biggest source of imports for rice. Vietnam Industry and Trade Minister Tran Tuan Anh assured the country that Vietnam will be providing 400,000 metric tons of rice at a “competitive price”. According …

Thailand’s Deputy Premier says fear of second wave of infections, and not politics, is behind the government’s need to extend the emergency decree.  A lockdown measures are set to loosen, that has created massive economic and personal hardship. Gen. Prawit Wongsuwon said the emergency decree, implemented to slow the spread of Covid-19, is not politically motivated. Adding the government is being cautious …

MANILA – Sy-led lender BDO Unibank Inc. is the country’s top taxpayer for 2019 with nearly a month ahead of the thrice extended deadline, according to the Department of Finance on Monday, May 25. As of May 19, 2020, BDO is the top corporate taxpayer with Robinsons Land Corp in second place followed by Manila Electric Co. (Meralco), Bank of …

The fulfilment of food needs is very necessary during Covid-9 pandemic. A national program is being planned by the Ministry of Agriculture that procures booths, which distributes rice, similar to an automatic teller machine (ATM). By this program nearby residents can access this facility. According to Minister of Agriculture Syahrul Yasin Limpo, that based on the calculations done by the …