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HONG KONG: The Hong Kong government is mulling additional relief measures to ease the pressure on businesses and help the swelling ranks of unemployed workers as the economy is hit hard by the global coronavirus pandemic, according to Financial Secretary Paul Chan Mo-po.
PEER-to-peer (P2P) lending has seen robust growth over the last three years as businesses turn to these platforms as an alternative means to raise funds for working capital.
Impact on household incomes likely to be more significant than the contraction in the economy
It is too early to gauge the economic fallout in all its entirety on the housing sector as a result of Covid-19 pandemic.
NEW YORK: Wall Street's main indexes fell more than 1.5% on Friday as the coronavirus abruptly ended a record U.S. job growth streak of 113 months, intensifying fears of a deep economic slowdown.
PETALING JAYA: The overall economic slowdown, political uncertainty in February and the Covid-19 pandemic are the “triple whammy” that have caused unemployment to rise, says the Malaysian Employers Federation (MEF).
PETALING JAYA: Some telecoms players have seen an upsurge in data traffic since the movement control order (MCO) but they can’t say if that will translate to higher earnings for this year.
ROME: The global economic slowdown is causing the biggest drop in food prices since 2015 as demand shrinks for everything from dairy to sugar.
TOKYO: SoftBank Group Corp has scrapped an agreement to spend US$3bil to buy WeWork stock from former chief executive officer Adam Neumann and other shareholders, despite threats of legal action from some members of the company’s board.
SINGAPORE: Singapore’s central bank said lenders will offer additional relief for consumers and companies battered by the sharp economic slowdown, including a freeze on mortgage and business loan payments and cuts to credit card rates.