sin02
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Singapore economy to shrink by steeper 8.5% this year with extended circuit breaker period: Citigroup

SINGAPORE (BLOOMBERG) – Singapore will witness a deeper recession this year after the nation extended and tightened its partial lockdown, Citigroup warned, widening its forecast for an economic contraction. The city-state’s economy will contract by 8.5 per cent in 2020, down from an earlier estimate of a 6 per cent fall, economists Kit Wei Zheng and […]

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malay02
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World Bank: Malaysia has little space for fiscal response if Covid-19 fallout drags on

KUALA LUMPUR, April 22 — The World Bank has cautioned the Malaysian government about its inability to respond effectively should the Covid-19 fallout drag on, citing Putrajaya’s limited fiscal space for extended intervention. South-east Asia’s third-largest economy is already struggling to shield its workforce and small businesses from the devastation wrought by the Sars-CoV-2 pandemic. […]

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indo03
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Indonesia’s palm oil exports drop 19% in first two months

Indonesia’s palm oil exports, including oleochemicals and palm oil kernel, dropped nearly 19 percent in the January to February period driven by lower exports to China as the coronavirus pandemic took a toll on the country’s top export commodity. The Indonesian Palm Oil Producers Association (Gapki) said palm oil exports in the first two months of this […]

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