About 51 percent of Malaysians polled have travelled domestically or are planning to do so since the restrictions of the movement control order (MCO) were lifted, Malaymail reported on August 12.
Indonesia raised another Rp 22 trillion (US$1.48 billion) on Tuesday from government bonds to fund the country’s fiscal deficit and the costly fight against the unfolding pandemic, with the central bank participating in the tender.
The negotiation process on the Regional Comprehensive Economic Partnership (RCEP) has entered its final round and the agreement is expected to be signed in the near future, Indonesian Deputy Minister of Trade Jerry Sambuaga said.
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.
Singapore suffered a deeper recession in the second quarter than earlier estimated, prompting the Government to trim its growth outlook for the year and warn of a slower recovery.
With the advancement of smart technologies and digitalisation, it seems like the world is rapidly moving into the era of the Fourth Industrial Revolution or Industry 4.0. The industrial Internet of Things (IIoT) market, which some have called Industry 4.0, describes the widespread integration of information and communication technology (ICT), particularly cyber-physical systems (CPS), in industrial manufacturing.
Speaking at a discussion in India@75 Summit organised by CII, the minister said proponents of Free Trade Agreements make out as if that is the only vehicle to engage the world.
Global uncertainties would keep a lid on the extent of economic recovery in the Southeast Asian region, said Euben Paracuelles, chief Asean economist at Nomura. He explained that even though Thailand has appeared to successfully contain its outbreak, the economy would still experience “a major drag” from the slump in tourism. Meanwhile, the economies of Indonesia and the Philippines have suffered as authorities are still struggling to control the coronavirus outbreak locally, said Paracuelles.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
