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View all search resultseconomic-impact
Business 5 years ago
Australia turns to idled factories to pull it out of COVID slump
While Australians are unlikely to buy millions of locally made cars, refrigerators and toasters as they did in the 20th century, a government push that puts manufacturing at the center of its longer-term recovery plan has strong industry support and has kindled ventures that would have seemed far-fetched half a year earlier.
SE Asia 5 years ago
Will trade for food: Online bartering soars in virus-hit Philippines
Struggling to make ends meet, Lorraine Imperio swapped a pair of Nike slip-on shoes for a whole dressed chicken on an online bartering site, one of dozens that have sprouted up during the Philippines' virus lockdowns.
SE Asia 5 years ago
Malaysia's parliament approves raising govt debt ceiling to 60%
Malaysia's parliament on Monday approved the government's plan to raise its debt ceiling for the first time in more than a decade, as Southeast Asia's third-largest economy grapples with the economic fallout from the coronavirus pandemic.
Business 6 years ago
South Korea enters recession as exports plunge by most since 1963
The South Korean economy plunged into recession in the second quarter in its worst decline in more than two decades as the coronavirus pandemic battered exports and social distancing curbs paralyzed factory output.
