APEC senior officials hold virtual discussions on economic cooperation
Senior officials from the Asia-Pacific Economic Cooperation (APEC) economies held a virtual meeting on May 28th to discuss economic cooperation and open markets to counter the COVID-19 outbreak.
Malaysian economy capable of positive growth in 2020
15:36 29/05/2020
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.
ADB study maps supply chains for key products in COVID-19 response
10:50 29/05/2020
(CPV) - The Asian Development Bank (ADB) has released a landmark study which maps supply chains for critical products in the global response to the novel coronavirus disease (COVID-19) pandemic, clearing the way for the identification and removal of blockages in their production and distribution.
Countries failing to stop harmful marketing of breast-milk substitutes, warn WHO and UNICEF
17:30 28/05/2020
(CPV) - A new report by WHO, UNICEF, and the International Baby Food Action Network (IBFAN) reveals that despite efforts to stop the harmful promotion of breast-milk substitutes, countries are still falling short in protecting parents from misleading information.
Indonesia to resume tourism, trade activities
10:50 28/05/2020
The Indonesian government is preparing for the “new normal” scenario for some sectors such as tourism, trade and transportation in the context of the ongoing COVID-19, Coordinating Minister for Economic Affairs Airlangga Hartarto said on May 27th.
Singapore announces fourth stimulus package against COVID-19
10:48 27/05/2020
Deputy Prime Minister and Finance Minister of Singapore Heng Swee Keat on May 26th announced another 33 billion SGD (23.2 billion USD) supplementary budget, aimed primarily at helping workers and businesses to tide over the COVID-19 crisis and the bleak economic outlook ahead.
RoK’s Jin Air to resume flights to destinations in Southeast Asia
10:38 27/05/2020
Low-cost carrier of the Republic of Korea (RoK) Jin Air Co. said it will resume flights on five international routes next month to cater to incoming passengers and meet cargo-carrying demand.
Cambodia’s GDP to fall 0.3 percent in 2020: Moody’s
10:28 27/05/2020
Cambodia’s GDP growth is projected to drop 0.3 percent due to the impact of the COVID-19 pandemic and economic slowdowns in China, the EU and the US, Moody’s Investors Service has said.
ADB approves USD250 million support for Nepal's COVID-19 response
09:55 27/05/2020
(CPV) - The Asian Development Bank (ADB) approved a USD250 million concessional loan on May 26th 2020 to help the Government of Nepal fund its response to the novel coronavirus disease (COVID-19) pandemic, which includes measures to strengthen the country’s public health systems and mitigate the adverse economic and social impacts of the pandemic, particularly on the poor.
ADB supports Philippines' capital market development
18:16 26/05/2020
(CPV) - The Asian Development Bank (ADB) has approved a USD400 million policy-based loan to support the Philippine government’s efforts to strengthen domestic capital markets and reach its development goals of high, sustained economic growth and poverty reduction.