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Japan to fund firms to shift production out of China

Bloomberg Japan has earmarked $2.2 billion of its record economic stimulus package to help its manufacturers shift production out of China as the coronavirus disrupts supply chains between the major trading partners. The extra budget, compiled to try to offset the devastating effects of the pandemic, includes 220 billion yen ($2 billion) for companies shifting production back to Japan and ...

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Malaysia to give out face masks to households

Bloomberg Malaysia will hand out 24.62 million masks, four for each household, while advising people to only use them if they have symptoms, Defense Minister Ismail Sabri Yaakob said in a statement on Wednesday. The global stance on wearing masks has started to shift over the past few weeks. Neighbouring Indonesia ordered citizens to wear face masks when they leave ...

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Hong Kong set for major new round of stimulus amid virus

Bloomberg The Hong Kong government is set to announce a fresh round of stimulus measures to shore up the crippled economy, with a local media report saying the total could exceed $12.9 billion. The aid package will mostly be dedicated to subsidising wages in sectors hit by closures and restrictions imposed to curb the deadly virus, according to the South ...

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