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 ...

Bloomberg China’s mass deployment of medical aid to fight the coronavirus reached Africa as Ethiopia received its first shipment of supplies, including protective gear and test kits, for distribution across the continent from billionaire Jack Ma. The Horn of Africa nation received 5.4 million face masks, more than 1 million testing kits, 40,000 items of protective clothing and 60,000 sets ...

Bloomberg Malaysia’s economy is set to grow at its slowest pace since the 2009 financial crisis as it struggles with a trio of troubles: coronavirus, oil-price crash and political upheaval. Analysts from Fitch Ratings to United Overseas Bank Ltd now expect Malaysia’s economy to grow about 2% this year. That compares with the government’s estimate that gross domestic product will ...