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SHANGHAI/SEOUL: Asia reported hundreds of new coronavirus cases on Wednesday, including the first U.S. soldier to be infected, as the United States warned of an inevitable pandemic, and outbreaks in Italy and Iran spread to more countries.
KUALA LUMPUR: Malaysia’s political upheaval is jeopardising the economy’s outlook at a time of heightened global risks and brewing discontent among locals about rising living costs.
PETALING JAYA: Warning sirens blared as the FBM Kuala Lumpur Composite Index (KLCI) fell to its lowest level since Dec 2011, while the ringgit posted its worst intra-day slump in more than three years.
Covid-19 is causing economic damage to China, but experts believe it will emerge stronger economically when the epidemic is overcome. They are also confident that troubled Asean countries can come out of the doldrums.
SINGAPORE: Singapore’s budget provides a “fairly large fiscal boost” to the economy to counter the impact of the coronavirus, with the government still expecting positive growth for the year, Deputy Prime Minister Heng Swee Keat said.
KUALA LUMPUR: Implementing the B20 biodiesel programme could improve air quality especially in areas facing traffic congestion like the Klang Valley with its 7.2 million inhabitants, says Primary Industries Minister Teresa Kok.
SINGAPORE: Singapore pledged billions of dollars in its budget to counter the economic fallout from the coronavirus outbreak, before elections due by next year.
SINGAPORE: Singapore on Monday cut its 2020 growth and exports forecasts due to an expected economic blow from the new coronavirus outbreak, flagging the chance of a recession this year.
Singapore: Singapore is set to deliver a strong budget this week to offset the damage to the economy from Covid-19, with analysts predicting the biggest deficit in almost two decades.
BANGKOK: Thailand will introduce a package of measures next month to help its tourism industry reeling from a coronavirus outbreak, its deputy prime minister said on Friday.