Bloomberg China’s local governments had 14.8 trillion yuan ($2.3 trillion) of hidden debt last year, and the figure could climb even further this year, according to a government-linked think tank. Local governments were under pressure to increase infrastructure investment and shore up growth through pandemic, leading to a 6% rise in off-budget borrowing from a recent low of 13.9 billion ...

Bloomberg India’s government is considering resuming fresh bankruptcy filings after the current suspension expires on March 25, people with knowledge of the matter said. The lifting of the halt would come even as a resurgence in virus cases threatens the nascent economic recovery. It could spark a wave of new insolvencies, pent up from last year when businesses were hurt ...

Bloomberg Singapore will relax workplace measures to allow more people to return to offices and permit larger gatherings for various activities, as the city-state gets its virus situation under control. At offices, the government’s stance will shift from working-from-home as a default to a more “flexible and hybrid way of working”, where up to 75% of staff can be at ...