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PETALING JAYA: Malaysia’s imports and exports are expected to have contracted by 6.6% and 5.1% respectively in January, resulting in a RM12.bil trade surplus for the month, said RAM Ratings.
JAKARTA (Bloomberg): Indonesia is working on a second stimulus package to shore up Southeast Asia’s biggest economy, adding to the central bank’s aggressive moves to counter the impact of the coronavirus on financial markets.
PETALING JAYA: China’s record-low manufacturing data in February has intensified concerns about the potential impact of the Covid-19 outbreak on the Malaysian economy, particularly in the first quarter.
LAUNCESTON (Australia): There’s no way to sugar-coat the worst-ever reading of China’s manufacturing indexes, which were pummelled as the economy was largely shut down in February as Beijing battled to contain the coronavirus epidemic.
BENGALURU: India’s factory activity growth slowed in February from the previous month’s eight-year high due to a modest weakening in demand and output, although overall conditions remained firm, a private survey showed yesterday.
Singapore: Asia’s factories took a tumble in February under the weight of the rapidly spreading coronavirus outbreak, with a severe plunge in activity in China driving down output across the region.
SINGAPORE: Expectations the Opec+ alliance will deepen output cuts put a floor under last week’s 16% plunge in oil prices, with futures in New York rebounding even as the coronavirus continued to spread rapidly.
BEIJING: Nearly 300 million people have gone back to work in China since the Lunar New Year break as more companies restart business and coronavirus travel restrictions ease, although many small firms are still struggling to find enough workers to run plants.
BANGKOK (AP): Share prices in Asia bounced back Monday (March 2) from last week's retreat, with mainland Chinese indexes gaining more than 3% as data showed progress in restoring factory output after weeks of disruptions from the viral outbreak.
TOKYO: Asia's factories took a heavy hit in February from the coronavirus outbreak with activity in China shrinking at a record pace, business surveys showed on Monday, adding to fears the crisis risks triggering a global recession.