Singapore’s Solidarity Budget introduced a third round of measures (worth S$5.1 billion) on Monday, 6 April 2020. However, it is not the only ASEAN country to have announced financial measures to address the fallout of COVID-19. Vietnam, Thailand and Malaysia recently announced new or revised...
As the COVID-19 outbreak continues, countries across ASEAN have seen sharp rises in the number of infected cases. In response, many governments have intensified their national measures to arrest the spread of the virus. From “public health emergencies” to “circuit breakers”, let us examine how...
COVID-19 Country No. of Confirmed Cases No. of New Cases Since 19 Mar No. of Deaths Testing Rate Per Million Pop (Est) Malaysia 2,766 +1,866 (900) 43 1,250 Philippines 2,084 +1,867 (217) 88 35 Thailand 1,651 +1,379 (272) 10 288 Indonesia 1,528 +1,220 (308) 136 25 Singapore 926 +619 (345) 3 6,800 Vietnam 212 +127 (85) 0 368 Brunei 129 +56 (73) 1 - Cambodia 109 +62 (47) 0 - Myanmar 15 +15 (0) 1 - Laos 9 +9 (0) 0 - Singapore: Additional Stimulus and Movement Restrictions (26, 28 Mar) Singapore Deputy Prime Minister and Finance Minister Heng Swee Keat announced...
Media Release For Immediate Release ASEAN Needs Stronger Coordination, Skills and Transparency to Elevate Sustainable Infrastructure Projects The SIIA’s “Financing Sustainable Infrastructure in ASEAN” Report Calls for Common Understanding to Unlock Capital Flows Singapore, 2 April 2020 – With Southeast Asia facing a funding deficit to meet its burgeoning...
By Simon Tay and Jessica Wau For The Business Times The Covid-19 outbreak has morphed into a global pandemic with not only healthcare priorities, but also concerns about the economy. Against this context, just five weeks after the S$4 billion "stabilisation and support" package in the 2020...
By Simon Tay and Jessica Wau For China Daily Policies of governments around the world have been changing quickly to deal with the COVID-19 pandemic. As the epicenter of the outbreak has moved to Europe and the United States, there is a greater need for positive cooperation. Responses...
Malaysian Prime Minister Muhyiddin Yassin announced a reworked stimulus package on Friday, 27 March 2020. The US$57.7 billion injection (which includes an earlier US$4.8 billion announced under the Pakatan Harapan government) accounts for roughly 17 percent of Malaysia’s GDP, and is the biggest stimulus in...
It has been another eventful week in the COVID-19 outbreak. Amid rising infection numbers across the globe, Singapore and Malaysia announced new stimulus packages to counter the economic fallout of the virus. ASEAN countries have also implemented new movement restrictions to combat its spread. Here’s...
Singapore’s Deputy Prime Minister and Finance Minister Heng Swee Keat unveiled a much-awaited supplementary budget on Thursday, 26 March. While the first stimulus amounted to a sizable S$6.4 billion in February, the S$48 billion allocated under this sequel package was unprecedented. Here’s a comparison of...
The number of COVID-19 cases reported have risen sharply over the past few weeks, not only in Europe and the US but here in Southeast Asia as well. Countries such as Singapore and Malaysia have updated their policies to try and contain the outbreak, while...