Malaysia’s economy, to some degree, has been bogged down with structural issues over the years, resulting in the country lagging behind its counterparts with similar characteristics, like Singapore, said Minister in the Prime Minister's Department Datuk Seri Mustapa Mohamed.
The coronavirus pandemic is taking a heavy toll not only in terms of human lives, but also on the world’s economy. The World Trade Organization (WTO) forecasts that global trade will fall between 13 and 32 percent across all regions and sectors in 2020. The outlook for investment is not much rosier with the United Nations Conference on Trade and Development (UNCTAD) projecting global foreign direct investment (FDI) to drop by 40 percent from its 2019 value of US$1.5 trillion.
Indonesia's central bank on Thursday cut interest rates for the fourth time this year, with Southeast Asia's biggest economy battered by the coronavirus pandemic.
COVID-19 is a wake-up call for the world. The pandemic has brought some of the worst economic impacts since World War II. While some Eastern countries seem much better prepared than their Western peers in terms of handling infections, testing ,and mitigating the pandemic’s economic impacts, the poorest countries will be hit hardest.
The National Rice Policy Committee, chaired by Prime Minister Prayut Chan-o-cha, has approved a rice price guarantee scheme for the 2020-2021 crop, offering guaranteed prices at the same rates as during the previous season.
The world’s second-largest economy expanded 3.2 per cent, which analysts say is a sign of hope for Southeast Asian nations relying on it for growth.
The Regional Comprehensive Economic Partnership (RCEP) trade pact, once realized, will create the world's biggest free trade zone and serve as a new booster for regional development, Cambodian officials and experts have said.
The Covid-19 outbreak has brought the value of Thai franchise businesses worth Bt300 billion down by Bt90 billion or 30 per cent, the Department of Business Development (DBD) said.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
