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Jokowi’s efforts to revive economy takes a stumble

Bloomberg Indonesia’s efforts to revive the economy took a stumble as virus outbreaks forced factories in one of its biggest manufacturing hubs to shut. South Korea’s LG Electronics Inc, and Japan’s Suzuki Motor Corp and NOK Corp were told to stop operating their facilities in Cikarang, West Java, after more than 300 workers at the industrial area tested positive for ...

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Phone giant Xiaomi jumps to two-year high after profit beat

Bloomberg Xiaomi Corp’s shares leapt 11.4% after inroads into the Chinese market for high-end smartphones and strong growth overseas helped the company report better-than-expected profit. The stock climbed its most in two years in Hong Kong, taking its 2020 gains to 98% last week. The Chinese smartphone maker more than doubled net income to 4.49 billion yuan ($716 million) in ...

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Malaysia extends measures to curb virus

Bloomberg Malaysia has decided to extend measures aimed at curbing the spread of coronavirus infections until the end of the year. The government continues to require the use of face masks in public spaces while places where social distancing is difficult to uphold, including theme parks, will remain shut, Prime Minister Muhyiddin Yassin said in a televised speech. Foreign tourists ...

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