Bloomberg Indonesia slashed its growth forecast by more than half as the coronavirus pandemic takes a toll on Southeast Asia’s biggest economy, prompting the government to adopt a series of emergency measures. The economy is now projected to grow 2.3% this year, compared to an initial estimate of 5.3%, Finance Minister Sri Mulyani Indrawati said in Jakarta on Wednesday. Under ...

Bloomberg Bangkok city hall has ordered all restaurants and stores to close from midnight to 5 am, its latest move to limit the spread of the novel coronavirus. Apart from the late-night shutdown of businesses, all parks will be closed starting from Thursday to April 30, according to Bangkok Metropolitan Administration Spokesman Pongsakorn Kwanmuang. The shutdown add tiers to state-of-emergency ...

Bloomberg Singapore home prices fell the most in more than three years in the first quarter as the coronavirus outbreak slammed the economy. Property values declined 1.2% in the three months ended on March 31, according to a preliminary estimate from the Urban Redevelopment Authority released on Wednesday. That’s the steepest decline since a 1.5% drop in the third quarter ...