Bloomberg India cancelled passenger trains and various states asked non-essential services to shut, as the world’s second-most populous country heads toward a complete lockdown to prevent the coronavirus from spreading locally. All except a bare minimum rail services will stop operating through March 31, the Ministry of Railways said in a statement on Sunday, hours into a self-imposed curfew called ...

Bloomberg About a week into the month-long lockdown of the Philippines’ main island of Luzon, businessmen are calling for a 281 billion peso ($5.52 billion) fiscal stimulus to soften the economic blow of the spreading coronavirus outbreak that has displaced millions of workers. More than 700 factories and 400 economic zones have been shut, while doctors are warning of a ...

Bloomberg India will set up a nearly 100-billion-rupee ($1.3 billion) fund to encourage companies to manufacture pharmaceutical ingredients domestically after supply chain disruptions due to the coronavirus pandemic exposed the country’s dependence on China and raised the specter of drug shortages. The programme includes spending on infrastructure for drug manufacturing centers, and financial incentives of up to 20% of incremental ...