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China could post 3Q GDP growth of 5% yoy on strong recovery in consumption, says report
A solid improvement in domestic consumption, investment as well as manufacturing activity suggest the Chinese economy could grow 5% year-on-year in the third quarter of 2020, analysts told state-linked Global Times.
No safeguard duties yet to stem Philippine rice imports
MANILA (Philippine Daily Inquirer/ANN): The Department of Agriculture (DA) said it was not considering the imposition of safeguard duties just yet to temper the arrival of imported rice in the country.
Germany faces 'uncontrolled' coronavirus spread as cases jump
BERLIN (Reuters) - Germans face a "test of character" to contain a surge in the number of coronavirus cases, Health Minister Jens Spahn said on Thursday after the biggest rise in new daily cases since April.
Thai economy expected to shrink 7-9% but export picture looks rosy
BANGKOK (The Nation/ANN): Thailand’s economy will shrink by 7-9 per cent this year but has passed through its lowest point in the Covid-19 crisis, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) said on Wednesday (Oct 7).
Close watch on North Korea's military power during anniversary
SEOUL (Reuters): North Korea is expected to use a major holiday this weekend to showcase its military power, highlight domestic political messages, and galvanise citizens at a time when the country faces increasing economic hardship and isolation.
Multinationals step up investment in China
BEIJING (China Daily/ANN): Foreign multinational companies are stepping up investment activities in China this year, noting its economic resilience reflected by its quick recovery from the impact of Covid-19 and its huge market potential, according to industry insiders.
Explainer: What a North Korean holiday may reveal about Kim Jong Un's plans
SEOUL (Reuters) - North Korea is expected to use a major holiday this weekend to showcase its military power, highlight domestic political messages, and galvanize citizens at a time when the country faces increasing economic hardship and isolation.
UOB Malaysia, Stanchart Malaysia price RM250mil mtn offering for MBSM
KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd (UOB Malaysia) and Standard Chartered Bank Malaysia Bhd (StanChart Malaysia) have priced an offering of RM250 million medium term notes (MTN) for Mercedes-Benz Services Malaysia Sdn Bhd (MBSM).
Malaysia to stop funding national carrier if lessor talks fail - letter
SINGAPORE: The parent of Malaysia Airlines has warned leasing companies that state fund Khazanah will stop funding the group and force it into a winding down process if restructuring talks with lessors are unsuccessful, according to a letter seen by Reuters.
Brazil's vehicle output falls 11 pct year on year in September
SAO PAULO, Oct. 7 (Xinhua) -- Vehicle production in Brazil, Latin America's largest economy, fell 11 percent in September year on year, but with 220,162 units produced, it still marked the best monthly performance of 2020, the National Association of Vehicle Manufacturers (Anfavea) reported on Wednesday.
