Malaysia is no stranger to external shocks affecting its macroeconomy. Over the past two decades it has been buffeted by the 1997 Asian Financial Crisis (AFC), the 2001 global slowdown after 9/11, and the 2008 Global Financial Crisis (GFC). Each shock affecting the Malaysian economy in different ways.
The Myanmar economy is expected to deteriorate further this year as a result of COVID-19, State Counsellor Daw Aung San Suu Kyi said during a meeting with key finance ministers on June 16.
Entering 2020, there were many reasons for Asean to take pride in the bloc's progress towards sustainable development. Extreme poverty has decreased from 138 million people in 2000 to 44 million in 2015.
To cope with the adverse impact of COVID-19 on foreign investment, Thai Deputy Prime Minister Dr. Somkid Jatusripitak, has assigned the Board of Investment (BOI) to fine-tune its work by highlighting the strengths of the country to attract more foreign investors.
Singapore has retained its top spot as the world's most competitive economy in the latest edition of the IMD World Competitiveness Ranking.
Japan has completed its legal procedures necessary for the entry into force of the First Protocol to amend the ASEAN-Japan Agreement on Comprehensive Economic Partnership (AJCEP), announced the country’s Ministry of Foreign Affairs on June 16.
The Thai cabinet on June 16 approved a domestic tourism package worth 22.4 billion THB (720 million USD) to revitalise a key sector hit by the COVID-19 pandemic.
South Korean officials have expressed their intention to sign a free trade agreement (FTA) with Cambodia next month to boost bilateral trade.
<p>Time: November 2025<br /> By: WTO and International Trade Group, Legal Department – VCCI</p>
