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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.
KUALA LUMPUR: The year 2020 has been gloomy so far, with dark clouds expected to continue casting shadows as the Covid-19 (coronavirus) pandemic carved its devastating path through economies worldwide, leading many to come face-to-face with recession.
WITH the introduction of movement control order (MCO), there has been an increase in takeaways as people are prohibited from eating in food establishments.
WHILE millions of Americans were losing their jobs, the stock market in April produced its best monthly return in over 30 years.
BEIJING: China's factory activity likely rose for a third straight month in May as the economy recovered from strict lockdowns implemented to contain the coronavirus outbreak, which has hammered global business activity.
NEW YORK: A gauge of global equity markets climbed on Thursday on optimism for a speedy economic recovery and a massive stimulus plan in Europe helped lift regional stocksand the euro, while gold rebounded on a safety bid on deteriorating U.S.-China relations.
TOKYO: Keep calm and trust the Bank of Japan. That’s the mantra for traders in the nation’s bond market after the government boosted debt issuance by almost 40% to fund its stimulus spending.
TOKYO: Japan’s government is said to have increased the amount of bonds it plans to issue this fiscal year for the third time in under two months, seeking to fund its unprecedented economic stimulus.