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KUALA LUMPUR: A total of 71% of Malaysia-based respondents in a survey expects the local economic situation to improve this year, according to human resources company Randstad.
SINGAPORE: Singapore will post its biggest budget deficit since at least 1997, pledging S$6.4bil (US$4.6bil) in dedicated support for an economy being slammed by the (Covid-19) coronavirus outbreak. The deficit will widen to 2.1% of gross domestic product in the year through March 2021 from a projected 0.3% in the current fiscal year, Finance Minister Heng Swee Keat said Tuesday (Feb 18) in Parliament.
BANGKOK (Reuters): Thailand's economy grew at its weakest pace in five years in 2019 as exports and public investments slowed, adding pressure on the central bank to cut rates to shield South-east Asia's second-largest economy from the coronavirus epidemic.
For the second time in as many years, Apple Inc has had to temper its sales outlook because of unexpected shifts in China, the country that’s served as the engine of its growth and success.
TOKYO: Japan’s economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession as China’s coronavirus outbreak chills global activity.
BANGKOK: Thailand’s economy grew at its weakest pace in five years in 2019 as exports and public investments slowed, adding pressure on the central bank to cut rates to shield South-East Asia’s second-largest economy from the coronavirus epidemic.
BANGKOK: Thailand's economy grew at its weakest pace in five years in 2019, as exports and public investments slowed, and the impact from the coronavirus epidemic is set to pile more pressure on Southeast Asia's second-largest economy this year.
SINGAPORE (The Straits Times/ANN): The Ministry of Trade and Industry (MTI) on Monday (Feb 17) downgraded its economic growth forecast to between -0.5 and 1.5 per cent - indicating a possible recession - due to a weakened outlook after the outbreak of the coronavirus.
Singapore: Singapore is set to deliver a strong budget this week to offset the damage to the economy from Covid-19, with analysts predicting the biggest deficit in almost two decades.