Bloomberg New infections of the coronavirus in China dropped to single digits for the first time since the country began reporting daily numbers in mid-January. As of March 12, China has eight new cases and seven additional deaths, said the National Health Commission on on March 13. The dramatic plunge to a single-digit increase — from the height of nearly ...

Bloomberg Indonesia unveiled an emergency fiscal stimulus plan worth 22.92 trillion rupiah ($1.55 billion) as it seeks to protect Southeast Asia’s largest economy from the coronavirus crisis. The package which includes a raft of tax breaks, would help push the budget deficit to 2.5% of Gross Domestic Product (GDP), from an initial target of 1.76%, Finance Minister Sri Mulyani Indrawati ...

Bloomberg Workers in Japan’s biggest labour union are getting the smallest pay raise in seven years, another blow for households facing a higher sales tax and the likelihood of a deep recession triggered by the coronavirus. Average monthly pay for members will rise by 1.91%, according to initial results from this year’s wage negotiations released by the Japanese Trade Union ...