Bloomberg The Philippines’ renewed surge in coronavirus infections will have limited impact on the economy as authorities impose localised lockdowns and as vaccinations pick up, Economic Planning Secretary Karl Chua said. The Southeast Asian nation, which will likely remain in recession this quarter, has to manage the spike in cases without reinstating stricter movement curbs which will hurt jobs, Chua ...

Bloomberg Singapore home sales fall in February after speculation about property curbs dampened buyer appetite. Purchases of new private apartments fall 60% to 645 last month, Urban Redevelopment Authority data showed on Monday. That compares with 1,632 in January, which exceeded a two-year high. Singapore’s property market rallied even amid the pandemic, seeing a spike among private apartments, shophouses and ...

Bloomberg Indonesia, a top supplier of a key battery metal, will aim to boost sales of electric vehicles with a new regulation that will cut tax breaks for hybrid cars. Battery-powered electric vehicles will retain their 0% luxury tax rate, while plug-in hybrid vehicles will see their tariff increase to 5% from 0%, according to a draft regulation issued by ...