Thailand spends $560 million on EEC development

The official said Thailand wants to speed upinvestment in the region, especially in transport, adding that the government isapplying a holistic approach to budget allocation as it needs efficientcoordination between many state agencies and educational institutions.

China’s first-quarter economic hit from coronavirus looking more severe: Reuters poll

“We have the second round effect, which has a potentially bigger impact on global demand, which is the threat of the spread outside of China,” said Freya Beamish, chief Asia economist at Pantheon in London. “The impact that has on markets will translate into weaker private consumption growth in developed markets.”

Nigeria faced with unprecedented economic challenge – Osinbajo

Vice President Yemi Osinbajo said yesterday that the country was faced with enormous challenge that no government in the history of Nigeria has ever faced. Osinbajo, who stated this at the inaugural meeting of the Economic Sustainability Committee set up by President Muhammdu Buhari on Monday to design and respond to the impact of COVID-19 […]

Philippine economic growth to fall to 2.0 pct in 2020 due to COVID-19

“This unprecedented and extraordinary public health emergency brought about by the COVID-19 pandemic will substantially slow down economic growth this year, with most of the contraction in the economy occurring in the second quarter,” said ADB Country Director for the Philippines Kelly Bird.

EU worried about recent political developments in Zimbabwe: memo

But, like Mugabe, he blames sanctions for the country’s economic ills and says they are designed to remove the ruling ZANU-PF party from power. Critics also say that since Mnangagwa came to power, he has cracked down on opposition parties.

As the coronavirus triggers a global economic crisis, just how bad could it get?

“It may be a plausible strategy to say: We need to make sure we don’t have these huge supply chains that stretch around the world, we need to make things at home, ” he says. “And that’s something which would pander to the Trump and Brexit narrative.”

Vietnam’s economic growth down to 4.8 pct in 2020 due to COVID-19: ADB

ADB lowered the growth forecast as the ongoing spread of COVID-19 which could have an impact on the country, creating shocks to both supply and demand in almost every area of the economy, said the report.

Our post-pandemic selves: why the virus is an opportunity to grow and develop

When everything is business-as-usual, “what happens is we become hooked into an autopilot mode of living,” says David. “We have all of our habits and our routines. Often, we’re very impacted by social contagion; so, you know, someone else gets a promotion, we want to get a promotion. Some one else wants to drive a […]

AIIB Pledges $5bn For Crisis Recovery Facility to To Fight, Tackle Economic Shock Of COVID-19 Crisis

The AIIB would “do its part” to respond quickly to the financing needs of member-states and clients “in close partnership with other international development institutions”, President Jin said, adding that the new facility would help clients “overcome immediate financial pressures and maintain critical long-term investments that otherwise may not be possible”.

RTHK urged to be professional after controversial show

Two episodes of another RTHK show, Headliner, also have drawn criticism recently. The episode that aired on Feb 14 implied that police officers had stockpiled medical masks and protective gear amid the COVID-19 outbreak. In another episode, on Feb 28, the host made fun of several deaths that the police had closed as cases with […]