Bloomberg Malaysia lowered its 2021 economic growth forecast for a second time, as renewed movement restrictions and rising infections hamper the recovery. Gross domestic product is expected to expand 3%-4% this year, Bank Negara Malaysia said, down from an earlier estimate of 6%-7.5% growth. Malaysia’s economy shrank 2% in the second quarter on a seasonally adjusted basis compared to the ...

Bloomberg Mumbai will restart commuter train services for fully vaccinated residents from Sunday, a move that could tackle traffic jams that are popping up as Covid-19 cases drop off but also one that risks transmitting the virus across India’s financial hub. Services had been halted since March 2020, making it the longest shutdown for a railway system that has survived ...

Bloomberg Taiwan raised its economic growth forecast for this year as an export and investment boom continues and it begins easing virus restrictions, giving a boost to consumption. The government increased its full-year estimate for gross domestic product to 5.88% from a previous forecast of 5.46%. That would be Taiwan’s strongest annual growth since 2010 when the economy bounced back ...