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S’pore faces bigger contraction from Malaysia lockdown

Bloomberg Malaysia’s lockdown is the latest threat to a Singapore economy already reeling from the coronavirus outbreak. The city state relies heavily on its neighbour’s workers and food, and Malaysia’s move to ban all visitors and prevent residents from traveling overseas for about two weeks will choke off a key labour channel. Maybank Kim Eng Research Pte estimates that about ...

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Italy clears $28bn spending plan to fight coronavirus

Bloomberg Italy’s government approved a 25 billion-euro ($28 billion) package to support its strained health system while helping businesses and families counter the economic impact of Europe’s worst coronavirus outbreak. The decree, approved at a cabinet meeting chaired by Prime Minister Giuseppe Conte, laid out new measures ranging from suspending tax payments to helping cover layoffs to mortgage relief, as ...

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France to guarantee $335b of bank loans, says Macron

Bloomberg France will guarantee up to 300 billion euros ($335 billion) of bank loans to companies in an effort to bolster firms threatened by the impact of the coronavirus outbreak, President Emmanuel Macron said. The government will also allow companies to delay paying their taxes and social security contributions and provide support to help them delay loan payments, Macron said ...

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