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THE hard lessons from the aftermath of the Asian Financial Crisis in the late 1990s has undoubtedly shaped today’s financial world, which led to the development of the Asian Bond Markets Initiative’s Credit Guarantee and Investment Facility (CGIF).
MANILA: Strengthening the dynamics of micro, small, and medium-sized enterprises (MSMEs) with innovation and internationalisation is key to revitalising South-East Asian economies devastated by the Covid-19 pandemic, according to a new Asian Development Bank (ADB) report.
JAKARTA: Finance Minister Sri Mulyani (pic) has said that the country’s economic recovery from the Covid-19 pandemic will depend on the fiscal stimulus package and on economic reforms brought about by the omnibus bills.
MANILA: The Covid-19 pandemic will cause economic output in “developing Asia” to shrink this year, the first time in nearly six decades, before it bounces back next year, says the Asian Development Development Bank (ADB).
KUALA LUMPUR: The Asian Development Bank (ADB) has maintained its gross domestic product (GDP) forecast of 6.5 per cent for Malaysia next year in its September update, but downgraded 2020 growth rate to -5 per cent from -4 per cent previously.
MANILA: The coronavirus pandemic will cause economic output in "developing Asia" to shrink for the first time in nearly six decades in 2020 before it bounces back next year, the Asian Development Development Bank said on Tuesday.
JAKARTA: The government is seeking to expand its business assistance programme to around three million more small businesses affected by the Covid-19 outbreak by reallocating funds from other programmes within the government’s stimulus plan.
MANILA: Remittances across the world could decline by US$108.6bil this year as job losses mount and employers trim payrolls amid a Covid-19 pandemic that has devastated economies, according to a report by the Asian Development Bank.