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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.
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 the Covid-19 (coronavirus) outbreak, with analysts predicting the biggest deficit in almost two decades.
BEIJING/SHANGHAI: The Covid-19 (coronavirus) outbreak that has halted much of China's economic machinery presents a tough situation for the country’s entrepreneurs - but many of them believe that the government's promises of a quick rebound after the epidemic passes will come to fruition.
HONG KONG: Rugby's Hong Kong and Singapore Sevens were postponed from April to October over the coronavirus on Friday (Feb 14) joining the likes of Chinese F1 Grand Prix, golf and football fixtures on the growing list of sporting casualties. The decision, which disrupts sevens rugby in the run-up to the Tokyo Olympics, was made in response to continued health concerns relating to the Covid-19 (coronavirus) outbreak.
SINGAPORE: Singapore's economy "will take a hit" from the spreading coronavirus, Prime Minister Lee Hsien Loong said on Friday (Feb 14) while inspecting health screening measures at the city-state's international airport.
BRUSSELS (Reuters) - The spectre of the 1990s BSE crisis means the European Union is likely to reject U.S. demands it ease strict food safety rules, even with President Donald Trump threatening car tariffs if EU countries do not start importing more U.S. farm products.
HANOI (Vietnam News/ANN): A looser monetary policy should be instituted to support economic growth in the wake of global volatilities, especially the outbreak of the novel coronavirus (nCoV), experts suggested.
PUTRAJAYA: The government is looking at rolling out a stimulus package to assist sectors of the economy affected by the novel coronavirus outbreak, says Tun Dr Mahathir Mohamad.
We need to build and strengthen resilience among all our citizens to enable them to face and adapt to geopolitical challenges that are becoming more complex day by day.