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BARCELONA (Reuters) - Spain's Prime Minister Pedro Sanchez said on Sunday he hoped Spain would get 140 billion euros (125.9 billion pounds) from a new European Union recovery fund.
BANGKOK: Thailand's parliament passed a 1.9 trillion baht ($58 billion) economic support package on Sunday (May 31) to ease the impact of the Covid-19 (coronavirus) pandemic. The legislation, comprising three bills, include a government plan to borrow 1 trillion baht and central bank measures worth another 900 billion baht in soft loans and support for corporate bonds.
PHNOM PENH: Due to the Covid-19 (coronabvirus) pandemic, Cambodia's economy in 2020 is expected to register its slowest growth since 1994, contracting by between -1 percent and -2.9 per cent, according to the World Bank's latest Economic Update for Cambodia released on Sunday (May 30).
NAY PYI TAW: Myanmar's parliament has approved to receive US$200mil loans from the International Development Association (IDA) of World Bank to help farmers under the country's National Food and Agriculture System Project.
India quarterly growth worst in two decades as lockdown bites - Covid-19 cases surpass 170,000, death toll at 4,971
NEW DELHI: The total number of Covid-19 (coronavirus) cases in India surpassed 170,000-mark, reaching 173,763 on Saturday (May 30) and the death toll stood at 4,971, said the data issued by the federal health ministry.
MANILA: The World Bank Group approved a US$500 million loan for the Philippines to help it cope with the economic impact of the novel coronavirus pandemic, the Bank said
AMID a short working week due to Memorial Day, the US dollar witnessed a sell-off, losing 1.48% to 98.38, underpinned by global risk-on sentiment – which led to robust buying in the equity space with the Dow Jones rising 3.8% week-on-week (w/w) to 25,401 while the S&P 500 climbing 2.5% w/w to 3,030.
WHILE millions of Americans were losing their jobs, the stock market in April produced its best monthly return in over 30 years.
Developers have been using an overall headline price in the sale and purchase agreement (SPA) as opposed to the real price.