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BEIJING: China posted record economic growth in the first quarter, signaling that recovering consumer spending may soon help the world’s second-largest economy return to pre-Covid-19 growth conditions, officials and experts said.
The Bank of Thailand has responded to the US decision to keep the nation on watch for currency manipulation by asserting it has stepped into the market only to curb volatility in the baht.
SINGAPORE, April 14 (The Straits Times/ANN) - The Singapore economy posted an unexpected rise in first-quarter growth as gains in manufacturing were buttressed by signs of a nascent recovery in services industries.
Emerging markets: Philippine stocks weighed down by virus surge but Singapore stocks on track to snap 5-day losing streak
Philippine shares fell more than 1% on Tuesday as concerns over rising Covid-19 cases sapped risk appetite while most emerging Asian currencies were muted.
BENGALURU: Activity in India’s dominant services industry expanded for the sixth consecutive month in March, supported by strong domestic demand, but some momentum was lost as authorities imposed fresh restrictions following a surge in coronavirus cases, a survey showed.
KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) has called on the government to lift the freeze on foreign workers recruitment for the manufacturing sector to support the pick-up in business and assist the industry’s recovery as orders and production start to gain momentum.
BANGKOK (Bloomberg): Thai Prime Minister Prayut Chan-O-Cha said he’s concerned about a new wave of Covid-19 infections sweeping the nation’s capital and hinted at fresh control measures to stem the outbreak that’s already forced the closure of dozens of nightlife entertainment venues.
TAIPEI (Reuters) - The truck which collided with a Taiwanese express train last week killing 50 people slid onto the tracks only around one minute before the accident happened, the government said on Tuesday, as it released dramatic footage of the impact.
TAIPEI (Reuters) - Taiwanese rescuers were trying on Monday to retrieve the last body of a passenger from wreckage of a deadly train crash last week.
HUALIEN: Taiwan’s transport minister said he would not shirk his responsibility for a deadly train crash even as his resignation offer was rejected amid growing questions over safety lapses that could have contributed to the disaster.