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Vietnam is Asia’s best stock market performer in May
HANOI: Vietnam has managed to repeat its success of containing a virus outbreak again, and that’s helped drive the nation’s stock market to become Asia’s top performer this month.
ADB approves US$20mil loan to support Laos' emergency response to Covid-19
VIENTIANE: The Asian Development Bank (ADB) approved on Tuesday (May 26) a US$20mil loan to support Laos' response to the Covid-19 (coronavirus) pandemic, Laos News Agency (KPL) has reported.
ADB: The Covid-19 impact may cost global economy a whopping US$8.8 trillion
KUALA LUMPUR: The global economy could suffer between US$5.8 trillion and US$8.8 trillion in losses, equivalent to 6.4 per cent to 9.7 per cent of global gross domestic product as a result of COVID-19, according to a new report released by the Asian Development Bank (ADB).
Covid-19: ADB doubles estimates of global economic losses
MANILA (Reuters): Global economic losses caused by the coronavirus pandemic could be between US$5.8 trillion and US$8.8 trillion this year, the Asian Development Bank said on Friday (May 15), more than double its earlier estimates as containment measures paralyse economies.
Philippines reports 15 more deaths (719 in total) and total cases standing at 10,794
MANILA: The Philippines reported 184 new coronavirus infections on Sunday (May 10), bringing the total number of Covid-19 (coronavirus) cases in the country to 10,794. The coronavirus death toll stands at 719 after 15 more patients died on Sunday..
China's biotech firm BGI helps Philippines build Covid-19 testing lab
MANILA: The Philippines launched on Sunday (May 10) a COVID-19 testing lab that China's biotech company BGI Group helped set up to ramp up the country's testing capacity. The Asian Development Bank (ADB)-funded the pandemic sub-national reference laboratory.
Myanmar talking with World Bank, ADB, IMF for funds to rescue economy
May 7 - The Myanmar government is negotiating for aid and assistance from the World Bank, Asian Development Bank (ADB) and International Monetary Fund (IMF) to help it implement a stimulus plan to rescue its virus-hit economy, according to Myanmar Times Thursday.
Banks to notify hire purchasers on loan moratorium procedures
PETALING JAYA: The Association of Banks in Malaysia (ABM) and its member banks will be notifying their respective hire purchase customers on the procedures for the six-month loan moratorium announced by Bank Negara.
ADB approves loan to support Philippines’ poor
The Asian Development Bank (ADB) approved a US$200mil (RM871mil) loan to support the Philippine government’s effort to provide emergency cash subsidies to vulnerable households amid the Covid-19 pandemic.
Indonesia to maintain debt sustainability despite Covid-19 relief spending, says ADB
JAKARTA, April 27 (The Jakarta Post/ANN) - Indonesia’s debt is expected to remain sustainable this year despite a steep increase in the planned issuance of government bonds to finance the country’s widening budget due to a big COVID-19 stimulus check, the Asian Development Bank (ADB) has said.