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Thailand explores borrowing of $30.6b to finance stimulus

Bloomberg Thailand said it will explore domestic and foreign funding options for planned borrowing of 1 trillion baht ($30.6 billion) to finance a major economic stimulus programme. The debt is a key element of a 1.9-trillion-baht package to help low-income households, farmers and companies reeling from the impact of the novel coronavirus outbreak. Southeast Asia’s second-largest economy may contract 5.3% ...

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Villagers turn away relatives as virus scare grips rural India

Bloomberg In the villages of India’s most populous state of Uttar Pradesh, even some family members returning home from the cities aren’t allowed in. State officials have told village councils to keep returning labourers from entering the town or meeting people due to fears they may be infected with the coronavirus. Instead, they’re forced to stay in schools or farms ...

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Trump exhorts allies to ‘Buy American’ first

Bloomberg The Trump administration has a plan for helping drain US storage tanks filling up with crude: Persuade other countries to buy those American barrels first. That “Buy American” pitch is coming in the form of administration officials exhorting foreign allies to prioritise US crude. The effort involves both the departments of Energy and State, said two people familiar with ...

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