Covid


Top Glove set to grab momentum of Covid boom for $1.9bn listing 

Top Glove advised to grab momentum of Covid sales boom for $1.9bn listing 

Malaysian rubber glove manufacturer Top Glove is hoping to ride the wave of its Covid-fuelled sales boom for its $1.9 billion Hong Kong listing before US sanctions and vaccinations make the deal possibly less attractive.Observers say the unknown pace of nation’s vaccination programmes mean the world's largest medical gloves maker …

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China fears impact of foreign financial bubbles bursting  

China fears impact of foreign financial bubbles bursting  

Beijing is looking at ways to protect its domestic market from the possible impact of foreign financial bubbles bursting.China is worried capital inflows could bring turbulence with them if bubbles burst in foreign markets, its top banking and insurance regulator said on Tuesday.Global markets are starting to see the side-effects …

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PM Modi leads the way as India rolls out vaccinations for the masses 

PM Modi leads the way as India rolls out vaccinations for the masses 

Prime Minister Narendra Modi urged his fellow Indians to be vaccinated against Covid-19 when their turn comes as he received his jab on Monday.With eight states now showing a spike in fresh infections, the country has opened up its vaccination programme for the wider population after prioritising healthcare workers and …

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Asset bubbles won’t help our post-pandemic recovery 

Asset bubbles won’t help our post-pandemic recovery 

Covid-19 will be remembered as the worst global economic shock in recent history but, compared to the most similar one, the Great Depression of 1929, its consequences on asset prices have been radically different. In fact, the Great Depression started with an implosion of equity prices while the current pandemic …

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Malaysia factory bosses ordered to Covid-proof migrant labour lodgings 

Malaysia factory bosses ordered to Covid-proof migrant labour lodgings 

(ATF) The Malaysian government has ordered employers to provide Covid-safe living spaces for its migrant workers after several explosions of the virus at crowded hostels where thousands of migrant factory workers live. But a labour expert said corruption is still rampant and undermining the changes that need to be made …

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Singapore slows the flow but still throws $8.31bn at Covid-hit economy 

Singapore slows the flow but still throws $8.31bn at Covid-hit economy 

Singapore is to keep the fiscal taps running for the time being to prop up its Covid-hit economy – but the further S$11 billion ($8.31 billion) set aside in Wednesday’s budget is a much smaller rescue package than previous ones.The island state’s Finance Minister Heng Swee Keat unveiled a budget …

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Bank of Japan adamant asset-buying has boosted economy 

Bank of Japan adamant asset-buying has boosted economy 

Japan's central bank has dismissed calls to scale down its purchases of exchange-traded funds (ETF), arguing the policy has had a positive effect on its Covid-hit economy as the country’s stocks rose to a 30-year high.The bank’s governor stated on Tuesday its upcoming policy review will not lead to a …

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Tourism slump beaches Thailand’s post-pandemic optimism 

Tourism slump beaches Thailand’s post-pandemic optimism 

Thailand’s drastic fall in tourist arrivals because of the worldwide pandemic has helped see its economic growth estimate for this year cut to 2.5% to 3.5%.The South-east Asian powerhouse suffered its worst slump in more than two decades in 2020 due to the Covid-19 outbreak.The government had previously forecast growth …

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Post-Covid stimulus a ‘unique chance to tackle climate change’ 

Post-Covid rescue packages a ‘unique chance to tackle climate change’ 

Post-Covid recovery stimulus need to target green issues more, in what will be a once-in-a-generation opportunity to clean up the planet, say experts. Of a total of $14.9 trillion in stimulus spending announced globally since the pandemic began, so far $1.8 trillion has been set aside to deal with the …

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G7’s first post-Trump meet a chance for US to build bridges 

G7’s first post-Trump meet a chance for US to build bridges 

Finance ministers and central bankers from the world’s Group of Seven richest nations met virtually on Friday to discuss pandemic fallout, climate change and digital taxation, with the new US administration pledging to rebuild bridges with its allies. Britain's finance minister, Rishi Sunak, who will co-chair the talks, wants the …

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