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MANILA (Reuters) - The Asian Development Bank closed its headquarters and the Philippines senate went into lockdown on Thursday, after visitors to both buildings in Manila tested positive for the coronavirus.
BRUNEI: The Asian Development Bank (ADB) estimates that the Covid-19 (coronavirus) outbreak could cause a decline in tourism revenue for Brunei Darussalam by as much as -0.086% of gross domestic product (GDP) in the best case scenario (US$11.7mil), -0.113% in the moderate case (US$15.3mil) and -0.192 per cent in the worst case (US$26.1mil).
TOKYO/SHANGHAI/HONG KONG: The Covid-19 (coronavirus) outbreak could result in global economic losses of up to US$347bil, amid sharp declines in domestic demand and tourism, supply disruptions, and health effects, the Asian Development Bank (ADB) warned in a report on Friday (March 6).
MANILA: The Asian Development Bank (ADB) said on Friday the coronavirus outbreak is set to trim economic growth in developing Asia and around the world this year.
JAKARTA (The Jakarta Post/ANN): Indonesia may not be affected severely by the global health emergency, thanks to its minimal exposure to the global trade and its wide room to manoeuvre in monetary policy, the Asian Development Bank (ADB) has said.
JAKARTA: The Asian Development Bank (ADB) said it would support Indonesia because the country is a shareholder with large contribution to ADB, an Indonesian senior minister said.
MANILA: The Asian Development Bank (ADB) further approved US$2mil to help Asia-Pacific developing countries contain the Covid-19 (coronavirus) outbreak and improve resilience other communicable diseases.
BANGKOK (The Nation/ANN): The Asian Development Bank (ADB) has approved an additional funding of US$2 million (RM8.4mil) to help developing countries in Asia and the Pacific contain the outbreak of the novel coronavirus (Covid-19) and improve resilience to this and other communicable diseases.
MANILA (Philippine Daily Inquirer/ANN): A prolonged crisis over the novel coronavirus (2019-nCoV) would likely cut up to 133bil pesos (RM10bil) from the country’s 19-trillion pesos economy, the country’s chief economist said on Friday (Feb 7) with the property sector already feeling the effects of the global contagion as well as the recent eruption of Taal Volcano.