Bloomberg The Philippine government cut its economic outlook for this year and next as it struggles with a surge in coronavirus cases that threatens its recovery. Gross domestic product is now tipped to grow 6% to 7% this year, down from a previous estimate of 6.5%-7.5%, according to the Development Budget Coordination Committee, which sets the government’s economic assumptions for ...

Bloomberg GDS Holdings Ltd is considering acquiring GLP Pte’s data centres business as the Chinese cloud computing company seeks to expand its digital infrastructure capacity in the world’s second-largest economy, according to people familiar with the matter. GDS, a developer and operator of high-performance data centers across China, is holding preliminary talks with Singapore investment manager GLP over a potential ...

Bloomberg Mumbai’s municipality has received bids to import 10 million Sputnik vaccines and expects more proposals as authorities attempt an ambitious plan to vaccinate every resident of the world’s second-most densely packed city within two months. India’s financial capital estimates to spend about 7 billion rupees ($96 million) to buy the shots, Municipal Commissioner Iqbal Singh Chahal told Bloomberg TV ...