The COVID-19 pandemic has caused losses of about 45 billion ringgit (around 10.5 billion USD) to Malaysia’s tourism and cultural industries in the first half of 2020.
As businesses across Thailand reopen, economic recovery may depend on support for domestic tourism and efforts to break up monopolies. Though foreign tourism is on pause, tourism brands in Thailand are still attractive to foreign investors.
Cambodian Prime Minister Hun Sen said that the COVID-19 pandemic has created good opportunities for ASEAN countries to boost regional trade at the ASEAN-BAC, which took place on June 26 within the framework of the 36th ASEAN Summit.
The 36th ASEAN Summit, the first official top-level meeting of the regional bloc in 2020 when Vietnam serves as the ASEAN Chair, will take place online on June 26 under the chair of Prime Minister Nguyen Xuan Phuc.
The Vietnam Institute for Economic and Policy Research (VEPR), in coordination with Oxfam, Prakarsa, Tax and Fiscal Justice Asia (TAFJA) and Vietnam Tax Justice Alliance (VATJ), on June 25 announced research outcomes on the case of corporate tax incentives in the ASEAN towards sustainable tax policies in the ASEAN Region.
ASEAN and New Zealand reiterated the commitment to further intensify their strategic partnership during the teleconferenced eighth meeting of the ASEAN-New Zealand Joint Cooperation Committee on June 25.
The Philippine central bank cut its benchmark interest rate in an unscheduled move, seeking to keep the economy afloat amid the coronavirus outbreak.
Promoting the role of youth in ASEAN will contribute not only to intensifying the sustainability of development strategies but also to tightening solidarity and friendship among countries in the region and the world.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
