More Manila business reopens
The Philippine government further eases quarantine restrictions allowing fitness gyms, barber shops, and Internet cafes in Manila to partially reopen. The country continues to struggle in finding balance between enforcing public restrictions and managing economic concerns. The Philippines currently has the most coronavirus infections in Southeast Asia. There are more than 220,000 COVID-19 cases with […]
India experiences worst economic contraction in decades
India’s economy shrinks sharply in the second quarter of the year based on official data. The decrease by 23.9% is the worst that’s recorded since 1996 when the country began releasing its quarterly data. The coronavirus pandemic resulted to adverse effects in India’s economic activity during the quarter. Experts fear it will face a recession […]
DAP sets up ‘aduanmoratorium’ portal to help Malaysian borrowers
The Malaysian Democratic Action Party (DAP) launched a website called “aduanmoratorium” to help Malaysians who were denied a 6-month moratorium extension for their loans. The website will collect the information of borrowers so their financial concerns can be brought up with the Bank Negara Malaysia, the Malaysian government, and the country’s Finance Ministry. “Many have […]
