Economy Measure Code Measure Currency Code Amount (Local) Amount (USD) Source Details
Brunei Darussalam 11 11 - Other Economic Measures BND
Cambodia 11 11 - Other Economic Measures KHR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 24 July 2020); RGC. http://auschamcambodia.com/wp-content/uploads/2020/05/fourth-round-of-stimulus-measures.pdf (accessed 11 June 2020).

(i) April 2020, The government has ordered the suspension of white rice exports, to secure domestic supplies; (ii) 20 May 2020, suspension of white rice exports has been lifted.

Indonesia 11 11 - Other Economic Measures IDR WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 28 April 2020). IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#P (accessed 5 May 2020). The Jakarta Post. https://www.thejakartapost.com/news/2020/05/22/indonesia-may-lose-market-confidence-due-to-mounting-debts-world-bank.html (accessed 2 June 2020). Reuters. https://www.reuters.com/article/us-indonesia-tax-digital/indonesia-imposes-10-vat-on-amazon-google-netflix-and-spotify-idUSKBN2481A5?il=0 (accessed 7 July 2020).

(i) Effective 18 March 2020 to 31 May 2020, Temporary elimination of import certification requirements on imports of onions and garlic; (ii) Effective 18 March 2020 to 30 June 2020, Temporary export ban on antiseptic, raw materials to fabricate masks, personal protective equipment (PPE), ethyl alcohol and masks; (iii) Effective 23 March 2020 to 30 June 2020, Temporary elimination of import certification requirements on imports of certain products, e.g. masks and personal protective equipment; (iv) To ease stock market volatility, the regulator OJK has introduced a new share buyback policy (allowing listed companies to repurchase their shares without a prior shareholders’ meeting) and introduced limits on stock price declines; (iv) 22 May 2020, The government announced it willl start start charging 10 percent value-added tax (VAT) on imported digital goods and services, including video and music streaming subscriptions, starting July 1 in an attempt to boost state revenue. On 7 July 2020, authorities confirmed that it is imposing 10% value-added tax on sales by non-resident foreign firms which sell digital products and services in Indonesia worth at least IDR600 million rupiah (USD41,667) a year or which generate yearly traffic from at least 12,000 users.

Lao PDR 11 11 - Other Economic Measures LAK IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020, 11 June 2020); 9 July 2020, 3 September 2020).

(i) As of 20 August 2020, Cuts in administrative expenses by at least 30% of the annual budget for ministries and central organizations and 10% for local authorities have been approved and intentions to cut unnecessary spending in proportion to revenue shortfall have been signaled; (ii) The Taskforce Committee has launched a fundraising campaign from the public. As of 1 June 2020, about LAK17.5 billion in cash and LAK85.5 billion in kind have been raised.

Malaysia 11 11 - Other Economic Measures MYR IMF. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 12 April 2020, 3 May 2020, 8 January 2021); Prime Minister's Office of Malaysia. https://www.pmo.gov.my/2020/09/government-prepared-to-implement-additional-economic-stimulus-package-if-necessary-pm/ (16 September 2020); The Star. https://www.thestar.com.my/news/nation/2020/08/25/temporary-measures-bill-for-rm45bil-covid-19-fund-passed (accessed 16 September 2020); The Official Portal of Parliament of Malaysia. https://www.parlimen.gov.my/bills-dewan-rakyat.html?uweb=dr&lang=en (accessed 16 September 2020, 25 September 2020); Prime Minister's Office of Malaysia. https://www.pmo.gov.my/2020/08/rm500-million-sukuk-prihatin-launched/ (accessed 16 September 2020); Maybank2u. https://www.maybank2u.com.my/maybank2u/malaysia/en/personal/wealth/sukuk_prihatin.page? (accessed 16 September 2020); Malay Mail. https://www.malaymail.com/news/malaysia/2020/09/21/bill-to-finance-govt-expenditure-for-covid-19-passed/1905349 (accessed 2 October 2020); The Official Portal of Parliament of Malaysia. https://www.parlimen.gov.my/bills-dewan-negara.html?uweb=dn&lang=en (accessed 2 October 2020); Channel News Asia. https://www.channelnewsasia.com/news/asia/malaysia-2021-budget-parliament-third-reading-passed-muhyiddin--13775518 (accessed 8 January 2021); Ministry of Finance. https://www.treasury.gov.my/index.php/en/budget.html (accessed 8 January 2021); Prime Minister's Office of Malaysia. https://www.pmo.gov.my/2021/01/special-announcement-on-the-perlindungan-ekonomi-rakyat-malaysia-permai-assistance-package/ (accessed 21 January 2021).

No amount/estimate: (i) 23 March 2020, The SC and Bursa Malaysia suspended short-selling until April 30. 28 April 2020, The suspension was extended through June 30; (ii) 5 June 2020 in Short-term National Economic Recovery Plan or PENJANA: (a) COVID-19 Temporary Measures Act is proposed to minimize disruption to social and economic well-being activities caused by contractual breaches and enforcement of insolvency actions on groups affected by COVID-19 and Movement Control Order (MCO). This is designed to provide sufficient runway for businesses to recover their operations and relief from certain contractual obligations and financial distress for the revival of the economy: (1) 24 August 2020, The Temporary Measures for Government Financing COVID-19 Bill 2020, to set up a MYR45 billion fund for COVID-19 was passed by Dewan Rakyat (Lower House). Apart from setting up the fund, the law will allow the government borrowings to raise the permissible statutory debt level ratio of 55% of GDP to 60%. 21 September 2020, The Bill was passed by Dewan Negara (Upper House); and (2) 25 August 2020, The Temporary Measures for Reducing the Impact of COVID-19 Bill 2020 was passed by the Lower House. 22 September 2020, The Bill was passed by the Upper House; (b) To enable the Rakyat (or people) to join the Government in supporting post recovery measures, the MOF will issue an Islamic debt instrument -- the Sukuk PRIHATIN. Proceeds from the sukuk issuance will be utilized for specific development programs such as connectivity of schools (especially in rural areas), funding for micro enterprises (focused on women entrepreneurs) and research grants for infectious diseases. 18 August 2020, The first digital sukuk was launched with a nominal value of MYR500 million. The profit rate is 2% per annum over two years, maturity date is 22 September 2022; (iii) 1 September 2020, The government is prepared to implement additional economic stimulus package or other initiatives to help the people in facing economic constraints if necessary and if the government’s financial situation allows it; (iv) 15 December 2020, the Supply Bill 2021 (Malaysia's Budget for 2021), has been approved by the Dewan Rakyat. The total amount of fiscal injection envisaged in five stimulus plans over 2020-2021 (MYR55 billion) remains unchanged. Of that, around MYR38 billion have been spent in 2020 and the remainder, MYR17billion, has been allocated to 2021. The Bill will now go to the Senate, before it will be submitted to the Malaysian king for royal assent; (iv) 18 January 2021 in PERMAI, The Temporary Measures for Reducing the Impact of COVID-19 Act 2020, or Act 829, was enacted to assist individuals and businesses that were economically impacted by the COVID-19 outbreak. This Act came into force on 23 October 2020. The original effective period covering inability to perform contractual obligations under the Act expired on 31 December 2020. As such, based on the current situation and the MCO announcement, the government agreed to extend the effective period of inability to perform contractual obligations to 31 March 2021. This includes hire purchase or lease contracts and credit sales contracts which benefit groups such as the B40, M40 and microenterprises who are unable to meet their contractual obligations.

Myanmar 11 11 - Other Economic Measures MMK
Philippines 11 11 - Other Economic Measures PHP DOF. https://www.officialgazette.gov.ph/downloads/2020/05may/20200502-EO-113-RRD.pdf (accessed 5 May 2020). PDI. https://business.inquirer.net/297882/bsp-proposed-fist-law-to-buttress-ph-banks-even-if-bad-loans-double (accessed 22 May 2020). BusinesswWorld. https://www.bworldonline.com/pagcor-remits-p5b-in-fresh-dividends-to-treasury/ (accessed 11 June 2020).

(i) PHP2.9 billion assistance from Philippine Amusement and Gaming Corporation (PAGCOR) and Philippine Charity Sweepstakes Office (PCSO) is intended for the purchase of medical equipment and supplies (See (i) in Measure 5A). On 5 June 2020, PAGCOR remitted an additional PHP5 billion in dividends (bringing the total to PHP17 billion); (ii) Banks are also expected to suspend all fees and charges imposed on online banking platforms during the period of regulatory relief; (iii) 2 May 2020, The government imposed a temporary additional 10% levy on imported crude and refined petroleum products to augment resources for COVID-19; (iv) 22 May 2020, The BSP is pushing for the enactment of the proposed Financial Institutions Strategic Transfer (FIST) law, an enhancement of the Special Purpose Vehicle Act that would allow financial institutions to clear up non-performing assets and have additional funds to lend to their clients.

Singapore 11 11 - Other Economic Measures SGD WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 21 May 2020). MAS. https://www.mas.gov.sg/news/media-releases/2020/enhancing-job-opportunities-for-singaporeans-and-staying-open-to-global-talent (accessed 28 August 2020).

(i) 24 April 2020, Temporary relaxation of import licensing requirements for hand sanitizers, masks, thermometers, and protective gear; (ii) 27 August 2020, The MAS increased the minimum qualifying salary for employment pass holders (i.e., foreign workers) in the financial service sector to SGD5,000 to support local hiring.

Thailand 11 11 - Other Economic Measures THB BOT. https://www.bot.or.th/Thai/PressandSpeeches/Press/2020/Pages/n6063.aspx (accessed 17 September 2020).

11 September 2020, The BOT released new supervisory guidelines for financial service providers to enhance fair customer service and protect borowers affected by COVID-19.

Timor-Leste 11 11 - Other Economic Measures USD
Viet Nam 11 11 - Other Economic Measures VND IMF,MOF, SBV. https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19 (accessed 29 April 2020). WTO. https://www.wto.org/english/tratop_e/covid19_e/trade_related_goods_measure_e.htm (accessed 21 May 2020). Nikkei Asian Review. https://asia.nikkei.com/Economy/Vietnam-to-drive-high-tech-startups-with-new-incentives (accessed 24 September 2020).

(i) On 31 March 2020, the State Bank of Vietnam instructed Credit Institutions (CIs) to actively reduce bonus and salary, cut other operating costs, timely adjust business plan (including not pay dividend in cash), and use the saved resources to reduce interests; (ii) The Government cut at least 30% of conference funding, domestic travel expenses and 50% of overseas working missions; (iii) Several fees for securities services have been also reduced or made exempt between 19 March and 31 August 2020 to support the stock market; (iv) Additional measures have been implemented to accelerate public investment disbursement, including permitting direct procurement, transforming PPP projects into public investment projects, etc. and (v) April to May 2020, Temporary measures on (a) export licensing requirements on face masks; and (b) export quotas on rice for national food security. (vi) 24 September 2020, The Government launched an incentives program to support high-tech start-ups and boost the country's growth potential. Starting 5 October 2020, innovative startups in information technology and clean energy, among others, will become eligible for preferential loans, various tax incentives, as well as exemptions from land leases in industrial parks.