Remote workers want to live in Asia, but Asia doesn’t seem to want them quite yet

It’s often said that remote workers can work from any place that has an internet connection. But tell that to someone who wants to live and work in Bangkok or Bali right now. The coronavirus pandemic has pushed millions of workers from their offices into their homes — and many have decided they want to … Read more

Malaysia’s economy posts biggest annual decline since 1998 crisis

KUALA LUMPUR: Malaysia‘s economy fell at a faster than expected clip in the fourth quarter, as stricter coronavirus curbs crimped domestic consumption and slowed the pace of recovery, the central bank said on Thursday. The economy contracted 3.4% year-on-year in the October-December period, falling for a third straight quarter and faster than the 3.1% decline … Read more

India’s tax increase on crude palm oil imports could reduce shipments

India has imposed an additional tax on crude palm oil imports as the world’s biggest importer of vegetable oils tries to build domestic agriculture infrastructure by taxing imports, Finance Minister Nirmala Sitharaman said on Monday. India cut the basic import tax on crude palm oil to 15% from 27.5%, but imposed a 17.5% “cess” – … Read more

Southeast Asia adds 40 million first-time internet users in 2020, report finds

Customers and drivers for Grab Holdings Inc.’s GrabFood line up to collect orders at a Pisang Goreng Bu Nanik store in Jakarta, Indonesia, on Monday, July 15, 2019. Globally, the online food order industry has grown into a hyper-competitive field, which has led to consolidation as companies claw for a bigger slice of more than $300 … Read more

Neglect of migrant workers could hurt Malaysia’s economic recovery

Laborers take a break from work at a construction site in Kuala Lumpur, Malaysia. Saeed Khan | AFP | Getty Images SINGAPORE — Researchers say Malaysia has done little to protect low-wage migrant workers from the effects of the coronavirus pandemic — which could hurt an economy that’s struggling to recover. Low-wage and low-skilled migrant … Read more

Malaysia’s debt is set to rise as it grapples with the Covid-19 pandemic

The Kuala Lumpur city skyline as seen from the Kuala Lumpur Tower on February 24, 2020. MOHD RASFAN | AFP via Getty Images Malaysia’s debt levels are set to go up, says its finance minister, as the country embarks on measures to support businesses and citizens to deal with the economic fallout from the conoravirus. … Read more

India opens dumping probe on Malaysia, Vietnam, Thai copper tube, pipe imports

NEW DELHI: India is investigating imports of copper tubes and pipes from Malaysia, Vietnam and Thailand, to determine whether producers in these countries were receiving unfair subsidies, the government said. The investigation by India’s Directorate General of Trade Remedies, the investigative arm of the commerce ministry, could result in these imports facing countervailing duties, said … Read more

Analysts are ditching AirAsia in droves after record loss

By Kyunghee Park AirAsia Group Bhd., which helped pioneer a wave of low-cost air travel in the region, has fallen even further out of favor after posting a record loss on Tuesday. At least eight analysts tracked by Bloomberg have revised down their recommendations or price targets on AirAsia’s shares since it announced a net … Read more

Political uncertainty puts Southeast Asia’s economic recovery from coronavirus at risk, expert says

Thermal scanners at the Kuala Lumpur International Airport in Malaysia. Nicolas Asfouri | AFP | Getty Images Political uncertainties in several Southeast Asian countries are coming to the forefront again, which could threaten their recovery from the coronavirus pandemic, an expert said on Friday. Some of those uncertainties took a backseat when authorities around the … Read more