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Lockdown’s success in China offers hope for world’s virus fight

Bloomberg As lockdowns spread across the US, the UK and other countries, early lessons on how effective they’ll be against the new coronavirus are coming from abroad. Even as China moves to lift a quarantine on the original virus epicenter of Wuhan after stanching the outbreak, India and much of Europe are locking down. Comparisons are tricky because of differences ...

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Coronavirus may hit Singapore REITs harder than financial crisis

Bloomberg The coronavirus outbreak may hit Singapore real estate investment trusts harder than the global financial crisis did, according to Jefferies Financial Group Inc. Singapore announced on March 24 its strictest measures yet to combat the spread of the virus, including shutting cinemas, and deferring or cancelling events starting from 11:59 pm on Thursday. Public venues such as retail malls ...

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Vietnam’s rice trade thrown into turmoil

Bloomberg Vietnam’s rice traders have halted overseas shipments after the customs department ordered a temporary suspension of exports to ensure food security during the coronavirus pandemic. The country is the world’s third-largest exporter, behind India and Thailand. “We have been unable to ship rice to the Philippines since customs clearance was suspended,” said Nguyen Van Thanh, director of Phuoc Thanh ...

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