Economy

In addition to triggering serious public health issues, the current COVID-19 pandemic has also devastated the economies of numerous countries, including Indonesia, leading to tight limits on public travel and activities. Because of the pandemic, the Indonesian economy shrank 5.32 percent in the second quarter and 3.49 percent in the third quarter of 2020. The Task Force for COVID-19 Handling …

Surprisingly, Bangko Sentral ng Pilipinas officially announced that there will be an extra P280 billion that can still be lent from monetary authorities by the government to raise its combat against the pandemic The BSP Governor Benjamin Diokno shared in a virtual press briefing that Republic Act 11494 or the Bayanihan to Recover as One Act (Bayanihan 2) granted the …

PETALING JAYA: Considering the new Movement Control Orders (MCO) and the state of emergency, which was declared today, the country’s economic recovery from the Covid-19 pandemic will not be affected. Finance Minister Tengku Zafrul Aziz said this was because, with fundraising, trade, and investment activities continuing as normal and with all regulatory functions in place, capital markets will stay open. …

In a new survey, the technology analyst firm said that by the end of 2020, Malaysia’s enterprise storage market size had reached $641 million, down by around 20 percent from what was expected before the pandemic. The technology analyst firm said in a recent survey that Malaysia’s enterprise storage market size had reached $641 million by the end of 2020, …

KUALA LUMPUR- In the short term, Malaysia did not hesitate to extend its fiscal stance to support counter-cyclical economic recovery packages and RM322.5 billion in the nation’s largest national budget for 2021. Even though it was Malaysia’s largest budget ever, Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said it was thought about with a simple fiscal consolidation strategy to, …

 Entering the new year isn’t easy for every nation around the world and it’s the same with Thailand given the economic hardship caused by COVID-19, as many as 96 percent of foreign direct investors operating experienced unprecedented situations last year. However, this year, they are surprisingly confident in the potential of the country and have plans to increase or at …

KUALA LUMPUR: The control of the Covid-19 pandemic and the security of the most vulnerable in society, while Malaysia is on the road to economic recovery, must remain the country’s top priorities in the near term. Senior economist Shakira Teh Sharifuddin of the World Bank Group said Malaysia is expected to rise by 6.7 percent in 2021, which could be …

In order to strengthen the economy, The Indonesian-South Korean Comprehensive Economic Partnership Agreement (IK-CEPA) was signed in Seoul by Indonesian Trade Minister Agus Suparmanto and South Korean Trade, Industry, and Energy Minister Sung Yun-mo. The partnership happened during the COVID-19 pandemic only shows the willingness of both nations to jointly forge trade ties in the light of the global economic …

The Ministry of National Development Planning (Bappenas) has urged for joint efforts to achieve the Sustainable Development Goals in the country specifically to aim 16 on stability, justice and strong institutions. Suharso Monoarfa, who is also Minister of National Development Planning, highlighted the promotion of peace, justice, and inclusiveness as the nature of SDG16 in the middle of discussion on …

The coronavirus pandemic is one of the unprecedented times that the world has faced and it has delivered worst economic shock in decades by pushing governments to enforce lockdowns or laws of social distancing that have caused extensive economic harm. This year, It there were deep recessions caused by the pandemic that are expected to leave permanent scars over a …