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economic-impact

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 5 years ago

Coronavirus pushing much of the world into record slumps

The coronavirus pandemic has pushed most of the world's major economies into unprecedented contractions in the second quarter, except for China which escaped a recession.

Business 5 years ago

Virus-hit Singapore's Q2 recession deeper than estimated

Singapore's virus-hammered economy shrank almost 43 percent in the second quarter, in a sign that the country's first recession in more than a decade was deeper than initially estimated, official data showed Tuesday.

Business 5 years ago

Virus-hit Philippine economy plunges into recession

The Philippines plunged into recession after its biggest quarterly contraction on record, data showed Thursday, as the economy reels from coronavirus lockdowns that have wrecked businesses and thrown millions out of work.

World 5 years ago

UN trade meet is chance to reset world economy: Host

The postponed ministerial gathering of the UN Conference on Trade and Development will take place in Barbados in April 2021, organizers said Wednesday, tasked with rebuilding economies battered by the coronavirus crisis.

Business 5 years ago

Time to change: Virus-hit US urges people to spend coins

Virus restrictions have meant stores doing less business and thus fewer coins are being spent, bunching up the normal flow of quarters, dimes and nickels.

Business 5 years ago

Gold hits record high on haven demand as markets rally sputters

Gold hit a record high Monday as investors rushed into the safe-haven on concerns about China-US tensions, a spike in virus infections around the world and a lack of progress on a new stimulus bill in Washington.

Business 5 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.

Business 5 years ago

Five things to know about the EU virus recovery plan

Here are five key points about what German Chancellor Angela Merkel called an impressive response to a historic recession and the worst crisis in the European Union's history.

Business 5 years ago

Advocates call for targeted govt support to allay COVID-19 impacts on women-owned SMEs

Women's empowerment groups have highlighted the need for targeted government support for women-owned businesses, especially as women were bearing the brunt of the pandemic's economic impacts and their increased workload as they filled the dual role of homemaker and entrepreneur.

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economic-impact

Malaysia's parliament approves raising govt debt ceiling to 60%

Coronavirus pushing much of the world into record slumps

Virus-hit Singapore's Q2 recession deeper than estimated

Virus-hit Philippine economy plunges into recession

UN trade meet is chance to reset world economy: Host

Time to change: Virus-hit US urges people to spend coins

Gold hits record high on haven demand as markets rally sputters

South Korea enters recession as exports plunge by most since 1963

Five things to know about the EU virus recovery plan

Advocates call for targeted govt support to allay COVID-19 impacts on women-owned SMEs

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