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BANDAR SERI BEGAWAN, June 30 (Borneo Bulletin/ANN): The International Monetary Fund (IMF) is projecting a deeper recession in 2020 and a slower recovery in 2021.
Covid-19: Cases in Philippines surge to 36,438 with 985 new infections; ADB approves US$26.5mil loan to help boost revenue collection
MANILA, June 29 (Xinhua): The number of Covid-19 (coronavirus) cases in the Philippines soared to 36,438 after the Department of Health (DOH) reported 985 more infections on Monday.
MANILA (Xinhua): The Asian Development Bank (ADB) on Monday (June 29) said it has approved a US$26.5mil-loan to help local government units (LGUs) across the Philippines boost revenue by adopting new digital tools for local real property tax valuation and collection.
YANGON, June 26 (Eleven Media Group/ANN) : The government will not take loans from China as the interest rate is high.
JAKARTA (The Jakarta Post/ANN): Indonesia’s economy is on track for a significant contraction this year as the coronavirus crisis has hit the global economy more severely than previously expected, the International Monetary Fund (IMF) has forecast.
KUALA LUMPUR: The Asian Development Bank believes more needs to be done to strengthen the emerging East Asia’s economies and financial markets following the coronavirus Covid-19 pandemic.
JAKARTA, June 22 (The Jakarta Post/ANN): The Indonesian economy faces gloomier skies this year as the Covid-19 (coronavirus) pandemic has yet to show any signs of subsiding, forcing government officials, the central bank, economists and international institutions to project weaker and weaker growth as the outbreak unfolds.
JAKARTA (Xinhua): Indonesian Finance Minister Sri Mulyani Indrawati has revised down the target of the national economic growth from the previous range between minus 0.4 per cent and 2.3 per cent to the range between minus 0.4 per cent and 1 per cent this year over further economic contraction in the second quarter of 2020.
SINGAPORE/KUALA LUMPUR/MANILA (Reuters): Developing Asia will likely clock up its weakest growth in nearly six decades this year, the Asian Development Bank (ADB) has announced this week, as measures to contain the contagious novel coronavirus hammer economic activity.
MANILA (Xinhua): The Asian Development Bank (ADB) on Friday (June 19) said it has approved a US$126 million loan to support the construction of a 15-km water transmission pipeline aimed at helping secure water supply for nearly 13 million residents in the Philippine capital region.