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Virus derails Myanmar’s move to open stock market to foreigners

Bloomberg The novel coronavirus outbreak has derailed Myanmar’s move to open its stock market to foreign investors. Only two of the country’s five listed securities have attracted international traders since rules were relaxed on March 20, leaving their foreign-shareholding ratios at minimal levels. Officials had hoped to attract funds from both expatriates and non-resident foreigners. “After two trading days when ...

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Anti-virus curbs must continue: Australia

Bloomberg Australians have done a good job in adjusting to government restrictions and social-distancing measures but it isn’t the right time to begin easing some of those rules, Chief Medical Officer Brendan Murphy said. “It’s really important that we look at what’s happened around the world, where people have released restrictions and had to reimpose them,” Murphy told reporters. Australia ...

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Philippines tycoon urges restart as 1 million jobs cut

Bloomberg The Philippines should gradually reopen the economy and allow businesses to operate at 50% capacity to save jobs, according to Teresita Sy-Coson who helps run an empire ranging from banking to retail under SM Investments Corp. More than 1 million workers were affected by temporary closures, prompting 98% of almost 42,000 establishments to seek assistance for their employees, the ...

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