April, 2020

• 1 April

  ‘Trakhees’ activates remote work system

  ABU DHABI / WAM The Department of Planning and Development, (Trakhees), activated its remote work system to ensure continuity of providing a total of 365 field and non-field services to its customers. The department was able to continue providing its services 100 percent without interruption during this period in line with government announcement to ensure safety and wellbeing of the ...

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• 1 April

  Dubai launches webinars to support business continuity

  

  DUBAI / Emirates Business Expanding on the smart transformation of its services, and fulfilling its commitment to business continuity, Dubai Chamber of Commerce and Industry (DCCI) on Wednesday announced the launch of a series of webinars. These webinars aim to boost awareness of the private sector on various issues related to business environment and practices, and the various economic sectors. ...

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• 1 April

  Indonesia slashes growth forecast by more than half

  

  Bloomberg Indonesia slashed its growth forecast by more than half as the coronavirus pandemic takes a toll on Southeast Asia’s biggest economy, prompting the government to adopt a series of emergency measures. The economy is now projected to grow 2.3% this year, compared to an initial estimate of 5.3%, Finance Minister Sri Mulyani Indrawati said in Jakarta on Wednesday. Under ...

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• 1 April

  Bangkok orders stores to close from midnight to 5 am

  

  Bloomberg Bangkok city hall has ordered all restaurants and stores to close from midnight to 5 am, its latest move to limit the spread of the novel coronavirus. Apart from the late-night shutdown of businesses, all parks will be closed starting from Thursday to April 30, according to Bangkok Metropolitan Administration Spokesman Pongsakorn Kwanmuang. The shutdown add tiers to state-of-emergency ...

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• 1 April

  S’pore home prices fall most in 3 years

  

  Bloomberg Singapore home prices fell the most in more than three years in the first quarter as the coronavirus outbreak slammed the economy. Property values declined 1.2% in the three months ended on March 31, according to a preliminary estimate from the Urban Redevelopment Authority released on Wednesday. That’s the steepest decline since a 1.5% drop in the third quarter ...

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• 1 April

  KKR suspends $2bn sale of Singapore’s Goodpack

  Bloomberg KKR & Co is suspending its planned sale of Goodpack Ltd, a Singaporean provider of intermediate bulk containers, after bids fell short of expectations, according to people familiar with the matter. The coronavirus outbreak has disrupted the sale process, said the people, who asked not to be named as the information is private. The New York-based private equity firm, ...

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• 1 April

  Disney to debut India streaming without fanfare in lockdown

  

  Bloomberg Walt Disney Co will start its streaming service in India later this week, after a coronavirus lockdown upended its previous plans in one of the world’s biggest emerging markets for online video. The US entertainment giant planned to kick off Disney+ in India at the start of the wildly popular Indian Premier League cricket season on March 29. That ...

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• 1 April

  China reports 130 asymptomatic cases of coronavirus in one day

  

  Bloomberg China reported 130 people over the past day who were infected with the novel coronavirus but don’t have symptoms, a sign that the group of people who can spread the virus without being detected is sizable. The tally, the first daily count of so-called asymptomatic patients, establishes a new benchmark to measure the scope of the outbreak amid a ...

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• 1 April

  China’s LNG demand makes comeback in virus-hit market

  

  Bloomberg As the coronavirus pandemic roils the global liquefied natural gas market, suppliers are finding that the centre of demand has come full circle back to where it was first hit: China. Over the past two weeks, Chinese buyers have become some of the most active in the Asian market. That signals a turnaround from February, when the country’s top ...

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• 1 April

  Covid-19: Coal India mulls output cuts as inventories mount

  

  Bloomberg State-run Coal India is considering cutting output at some mines, aligning it with a steep drop in demand from power generators amid a countrywide lockdown, according to people with knowledge of the development. The Kolkata-based miner will focus on clearing inventories and reducing production at thermal coal mines that have high stockpiles, said the people, who asked not to ...

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