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SYDNEY: Australia's coveted 'AAA' rating came under a cloud on Wednesday as the country's parliament returned to pass an emergency A$130 billion ($80 billion) stimulus package to help cushion the blow to the economy from the coronavirus pandemic.
SINGAPORE: Singapore increased its cash payout to individuals and announced additional steps to save jobs as the city-state prepares to severely curtail activities to contain a spike in coronavirus cases
TOKYO: Japanese Prime Minister Shinzo Abe will declare a state of emergency as early as Tuesday in a bid to stop the coronavirus spreading across the country, the Yomiuri newspaper reported, as the cumulative number of infections topped 1,000 in Tokyo alone.
SINGAPORE: Singapore will unveil additional support for businesses and households today, less than two weeks after announcing a S$48bil (RM145.4bil) stimulus package to buffer the impact of the coronavirus (Covid-19).
OSLO: Norway’s US$950bil sovereign wealth fund – the world’s biggest – is about to make history as it prepares to liquidate assets to cover government withdrawals
JAKARTA: Indonesia is planning to issue an emergency regulation to allow the government to manage a wider fiscal deficit and increase spending in response to Covid-19, a move that will effectively revise the state finances law, a minister said.
The coronavirus (Covid-19) outbreak, which has been declared a pandemic, has resulted in considerable economic disruption and human suffering.
SINGAPORE: Singapore delivered a second stimulus package of S$48bil (US$33bil) to fight the coronavirus outbreak, drawing on national reserves for the first time since the global financial crisis to support an economy heading for recession.
SINGAPORE: Singapore’s closure of bars and entertainment venues to contain the spread of coronavirus is another gut punch to the city-state’s economy already suffering from widespread disruptions to trade and tourism.
PETALING JAYA: The economic impact of Covid-19 and the movement control order (MCO) is expected to shrink Malaysia’s real gross domestic product (GDP) growth to -2.9% for 2020, relative to 2019, says the Malaysian Institute of Economic Research (MIER).