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Economy expected to contract by 4% this year, says ADB
KUALA LUMPUR: The Malaysian economy is expected to contract by 4% this year before recovering to grow by 6.5% in 2021, the Asian Development Bank (ADB) said.
Weakest growth in developing Asia predicted
MANILA: Developing Asia will likely clock up its weakest growth in nearly six decades this year, the Asian Development Bank (ADB) said, as measures to contain the contagious novel coronavirus hammer economic activity.
Asian Development Bank slashes growth forecast for developing Asia to 0.1 pct in 2020
MANILA (Xinhua): Developing Asia will barely grow in 2020 as containment measures to address the Covid-19 pandemic hamper economic activity and weaken external demand, according to an updated Asian Development Bank (ADB) report released on Thursday (June 18).
ADB approves US$500mil loan to keep Filipino children healthy, in school
MANILA (Xinhua): The Asian Development Bank (ADB) on Wednesday (June 10) approved a US$500mil loan to expand its support for the Philippine government's conditional cash transfer programme, which is helping millions of Filipino families across the country send their children to school and keep them healthy.
MMEA makes biggest drug seizure this year worth RM2.7mil
JOHOR BARU: The Malaysian Maritime Enforcement Agency (MMEA) has seized drugs worth RM2.67mil from a boat off Parit Samsu, Muar.
Johor MMEA foils drug-smuggling bid, seizes narcotics worth RM2.67mil
JOHOR BARU: The Malaysian Maritime Enforcement Agency (MMEA) foiled a drugs smuggling operation and seized drugs worth RM2.67mil to a neighbouring country in the waters off Parit Samsu, Muar, on Monday (June 1).
Vietnam is Asia’s best stock market performer in May
HANOI: Vietnam has managed to repeat its success of containing a virus outbreak again, and that’s helped drive the nation’s stock market to become Asia’s top performer this month.
ADB approves US$20mil loan to support Laos' emergency response to Covid-19
VIENTIANE: The Asian Development Bank (ADB) approved on Tuesday (May 26) a US$20mil loan to support Laos' response to the Covid-19 (coronavirus) pandemic, Laos News Agency (KPL) has reported.
ADB: The Covid-19 impact may cost global economy a whopping US$8.8 trillion
KUALA LUMPUR: The global economy could suffer between US$5.8 trillion and US$8.8 trillion in losses, equivalent to 6.4 per cent to 9.7 per cent of global gross domestic product as a result of COVID-19, according to a new report released by the Asian Development Bank (ADB).
Covid-19: ADB doubles estimates of global economic losses
MANILA (Reuters): Global economic losses caused by the coronavirus pandemic could be between US$5.8 trillion and US$8.8 trillion this year, the Asian Development Bank said on Friday (May 15), more than double its earlier estimates as containment measures paralyse economies.