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BEIJING: China’s economy will swiftly return to its potential growth rate and there’ll be significant improvement in the coming three months, a senior central bank official said Sunday.
SINGAPORE (Reuters) - Lockdowns and panic food buying due to the coronavirus pandemic could ignite world food inflation even though there are ample supplies of staple grains and oilseeds in key exporting nations, a senior economist at FAO and agricultural analysts said.
PETALING JAYA: The revival of key infrastructure projects is a given, albeit the uncertainty of timing, with the KL-Singapore high-speed rail (HSR) project and the mass rapid transit line 3 (MRT3) to be back on track, given the advanced stages of rollout, says AllianceDBS Research.
One of the biggest repercussions from the Covid-19 outbreak in Australia ought to be the end of its island mentality.
SINGAPORE, March 19 (The Straits Times/ANN) - A recession in Singapore "appears inevitable", said DBS Bank as it now sees the economy shrinking by 0.5 per cent this year, instead of the 0.9 per cent growth it forecast last month.
ANKARA (Reuters) - President Tayyip Erdogan said on Wednesday the coronavirus was hitting Turkey just as it was recovering from a 2018 lira crisis but that there would be big opportunities if it could bring the outbreak under control in the coming weeks.
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said the central bank will ease monetary policy again if the economy worsens further due to the fallout from the coronavirus epidemic, keeping alive expectations for additional stimulus as early as next month.
KARACHI: Pakistan's central bank on Tuesday cut its key interest rate by 75 bps to 12.50%, the first reduction in four years, citing a global slowdown to ease inflationary pressure.
MUMBAI/KARACHI (Reuters) - India closed the Taj Mahal, its principal tourist site, and the financial hub of Mumbai ordered offices providing non-essential services to keep half their staff at home in increased measures to curb the coronavirus in South Asia.
PETALING JAYA:Petroliam Nasional Bhd (Petronas) may again be called to boost its dividend payout to the government this year, on top of the RM24bil it has committed to, according to Kenanga Research.