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BEIJING: Overseas banks on the Chinese mainland are stepping up targeted support to aid the prevention and control of Covid-19 through donations and financing measures. Data from the China Banking Association showed that as of Wednesday (Feb 19), 30 overseas banks on the mainland had released loans of over 7.4 billion yuan (US$1.06bil) for hard-hit firms.
VIENTIANE (Vientiane Times/ANN) - The government has told the business sector that it is pro-actively tackling the remaining issues that are impediments to business operations in Laos.VIENTIANE (Vientiane Times/ANN) - The government has told the business sector that it is pro-actively tackling the remaining issues that are impediments to business operations in Laos.
SINGAPORE (The Straits Times/ANN): A transnational fraud syndicate, believed to have cheated victims of Internet love scams here of at least S$700,000 (RM2mil), has been busted by the Singapore and Malaysia police forces.
BEIJING: China’s Cobid-19 (coronavirus) outbreak has been met with a wide-ranging response from policy makers seeking to cushion the economy, support financial markets and bolster investor confidence.
(Reuters) - China's southern province of Hainan has launched the first specially-designed insurance product to cover losses incurred by businesses as a result of the coronavirus outbreak in the country, the banking and insurance regulator said.
BANGKOK (AP): Shares rose in Europe after a mixed session in Asia on Monday (Feb 17), with Shanghai's benchmark jumping 2.3% after the central bank rolled out more support for the economy amid a spreading virus outbreak that has infected more than 71,000 people in more than two dozen countries.
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.
BEIJING/SHANGHAI: The Covid-19 (coronavirus) outbreak that has halted much of China's economic machinery presents a tough situation for the country’s entrepreneurs - but many of them believe that the government's promises of a quick rebound after the epidemic passes will come to fruition.
LAHORE, Pakistan (Reuters) - Pakistani Islamist Hafiz Saeed, accused by India and the United States of masterminding 2008 attacks in Mumbai, was jailed for 11 years on Wednesday on terrorism financing charges, a Pakistani government prosecutor and his lawyer said.
BEIRUT (Reuters) - Lebanon on Wednesday formally requested the International Monetary Fund's technical help in shoring up its economy, a move that a senior government source said would include the fund's aid in drafting a plan to avert financial collapse.