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SINGAPORE/RIYADH: The guardians of the world economy are convening amid mounting fears that the Covid-19 (coronavirus) outbreak poses a greater threat to global growth than first envisaged.
PETALING JAYA: The Malaysian Trade Union Congress (MTUC) says the EPF dividend rate for 2019 is relatively fair considering the pressing economic challenges in Malaysia and globally.
BEIJING (AP): China on Friday (Feb 21) suspended more punitive tariffs on imports of US industrial goods in response to a truce in its trade war with Washington that threatened global economic growth.
BANGKOK (The Nation/ANN): Finance Minister Uttama Savanayana said on Thursday (Feb 21) that he was confident the Thai economy would recover in the coming months when the situations of the new coronavirus (Covid-19) outbreak and the global trade war start to improve.
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.
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.
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.
SINGAPORE (The Straits Times/ANN): The Ministry of Trade and Industry (MTI) on Monday (Feb 17) downgraded its economic growth forecast to between -0.5 and 1.5 per cent - indicating a possible recession - due to a weakened outlook after the outbreak of the coronavirus.
SINGAPORE: Singapore is set to deliver a strong budget this week to offset the damage to the economy from the Covid-19 (coronavirus) outbreak, with analysts predicting the biggest deficit in almost two decades.