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India plans partial lockdown exit to start stalled economy

Bloomberg India will allow makers of information technology hardware, farmers and industries in rural areas to resume operations after April 20 as Prime Minister Narendra Modi crafts a plan to exit the world’s biggest lockdown and revive stalled economic activity. Amid a three-week lockdown that’s been extended to May 3, the government will also lift restrictions to allow e-commerce companies, ...

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US returns $300m Jho Low-linked funds to Malaysia

Bloomberg The US returned to Malaysia another $300 million that was recovered as part of the Justice Department’s forfeiture lawsuits targeting assets that fugitive financier Low Taek Jho and his associates bought with funds allegedly stolen from the country’s 1MDB investment fund. With the latest repatriation, the US has sent $600 million back to Malaysia as part of the continuing ...

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Singapore home sales set for harder hit over lockdown

Bloomberg Singapore home sales slumped in March and are set to take a harder hit in coming months as the government enforces a more draconian lockdown that threatens to bring the property market to a standstill. Sales in the city-state fell 32% to 660 units last month — even before the toughest curbs were imposed — from 976 in February, ...

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