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SINGAPORE (AFP): Singapore's economy suffered its biggest contraction since the financial crisis during the first quarter as the coronavirus pandemic escalated, data showed Thursday (March 26), an ominous sign of the devastation being inflicted on the global economy.
ROME (Reuters) - Italy hopes to become self-sufficient in producing protective masks against the coronavirus outbreak within two months, the national commissioner for the emergency said on Tuesday.
TOKYO (Reuters) - Japan will look into offering cash payouts to households as part of a stimulus package that could be worth more than $276 billion to combat the widening fallout from the coronavirus outbreak, joining efforts across the world to roll out huge fiscal support to fend of recession risks.
JAKARTA (The Straits Times/ANN): On any other Monday, Ranggi Hardiyanto, 25, would have already sold at least a couple of pairs of sneakers. But he and an assistant at an athletic shoe store at the Ambassador Mall in downtown Jakarta are standing at the till watching what few shoppers there are pass by.
KOTA KINABALU: It is important to maintain good government-to-government relations between the state and Federal Government, regardless of political ideologies, says Chief Minister Datuk Shafie Apdal.
KUALA LUMPUR: It’s perhaps an understatement to say that the public has high expectations on the six newly sworn in senators.
BANGKOK (The Nation/ANN): Global markets in turmoil. Central banks rushing to arrest panic. But in China, the country most affected by the virus outbreak, it's boom time for traders.
BANGKOK (The Nation/ANN): The Cabinet on Tuesday (March 4) agreed to waive personal income tax on financial privileges given to registered consumers under the government’s economic stimulus package 'Eat, Shop, Spend' in phase 2 and 3, government spokeswoman Narumon Pinyosinwat said.
BEIJING/TOKYO: A sharp rebound in world stock markets lost only a little steam on Tuesday (March 3) despite a lack of any immediately gratifying measures after global policymakers pledged to address the economic fallout from the coronavirus outbreak.
WASHINGTON (Reuters) - Senior officials in President Donald Trump's administration on Sunday tried to calm market panic that the coronavirus could cause a global recession, saying the U.S. public had over-reacted and that stocks would rebound due to the American economy's underlying strength.