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Loose measures to slow Indonesian recovery

Bloomberg Indonesia opted for less punishing social-distancing measures than its neighbors to stem the spread of the coronavirus. Now analysts are warning its economy will take much longer to recover than others in Southeast Asia. With the pandemic’s peak expected in late May, President Joko Widodo is recalibrating his strategy of large-scale social distancing rules and calling for a ramp-up ...

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India allows neighbourhood stores to reopen, keeps malls shut

Bloomberg India’s government is allowing smaller neighbourhood stores to reopen, bringing relief to residents after a month into the world’s biggest lockdown that’s restricting 1.3 billion people. The shops can deploy a maximum of 50% of their staff, all wearing masks and following social distancing rules, according to the order issued by the home ministry. The order includes standalone stores ...

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Singapore home prices fall over Covid-19

Bloomberg Singapore home prices fell less than initially estimated in the first quarter, with an extended lockdown threatening to further push down values as the residential property comes to a standstill. Housing prices fell 1% in the three months ended on March 31, data from the Urban Redevelopment Authority showed. That compares to a preliminary estimate of a 1.2% decline. ...

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