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SHANGHAI/BANGKOK: Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung.
PETALING JAYA: Bolstering border connectivity between Thailand and Malaysia will be a vital component of growth in the region, says the kingdom’s top diplomat here.
HONG KONG: Nomura Holdings Inc’s investment banking business in Asia is set to return to profit this fiscal year after more than a decade of losses since its Lehman Brothers Holdings Inc acquisition, according to its division chief.
SINGAPORE’s currency may tumble to the lowest level since 2017 if the central bank responds as strongly to the spread of the coronavirus as it did to the SARS epidemic two decades ago.
HANOI (Vietnam News/ANN): As a major foreign investment hub, China is hit hard by Covid-19, but this also provides an opportunity for other countries to accelerate efforts to attract new foreign investment.
KUALA LUMPUR: A total of 71% of Malaysia-based respondents in a survey expects the local economic situation to improve this year, according to human resources company Randstad.
MUMBAI: Gold exchange-traded funds (ETFs) are popular again, as risks to the global economy escalate even as jewellery sales languish in the world’s second-biggest consumer of the precious metal.
SINGAPORE: Singapore will post its biggest budget deficit since at least 1997, pledging S$6.4bil (US$4.6bil) in dedicated support for an economy being slammed by the (Covid-19) coronavirus outbreak. The deficit will widen to 2.1% of gross domestic product in the year through March 2021 from a projected 0.3% in the current fiscal year, Finance Minister Heng Swee Keat said Tuesday (Feb 18) in Parliament.
BANGKOK (Reuters): Thailand's economy grew at its weakest pace in five years in 2019 as exports and public investments slowed, adding pressure on the central bank to cut rates to shield South-east Asia's second-largest economy from the coronavirus epidemic.