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Thailand plans $30.5 billion borrowing for latest stimulus

Bloomberg Thailand plans new borrowing of 1 trillion baht ($30.5 billion) for its latest stimulus package to tackle the economic impact of the coronavirus outbreak. The package is worth about 1.9 trillion baht overall as it also includes 900 billion baht of steps by the Bank of Thailand, finance minister Uttama Savanayana said in a briefing in Bangkok. The Thai ...

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Taiwan bans official use of Zoom over security concerns

Bloomberg Taiwan barred all official use of Zoom, becoming one of the first governments to impose an outright ban on the popular video-conferencing app over security concerns. Agencies should avoid using services such as Zoom as they may have security flaws, the island’s cabinet said. Governments, companies and individuals around the world, including in Taiwan, have been using the app ...

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Chinese commodities show road to recovery

Bloomberg From oil to copper to coal, China’s gigantic commodities industry is signalling that the first economy to be flattened by the coronavirus is getting closer to a return to normality. Bloomberg Economics estimates that most of China was 90%-95% back to work at the end of last week, noting pick-ups in the steel market, construction activity and crude processing. ...

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