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Bloomberg Singapore increased its cash payout to individuals and announced additional steps to save jobs as the city-state prepares to severely curtail activities to contain a spike in coronavirus cases. The third virus-related stimulus package in two months will cost S$5.1 billion ($3.6 billion), taking the nation’s total virus relief to almost S$60 billion, or 12% of gross domestic product, ...

Bloomberg Shares of Biolidics Ltd jumped as the Singapore-based medical device manufacturer said its rapid test kits for Covid-19 were approved for sale in the European Union. The stock rose as much as 12% in early trading after the firm announced on Monday that it received confirmation for CE marking on April 3. CE marking is a notification process to ...

Bloomberg The deadly coronavirus may infect as many as 95,000 people in Indonesia by next month before easing, a minister said, as authorities ordered people to wear face masks to contain the pandemic. The dire forecast is based on a projection by the nation’s intelligence agency, University of Indonesia and Bandung Institute of Technology, finance minister Sri Mulyani Indrawati told ...

Bloomberg When the coronavirus hit China late last year, America’s solar industry immediately started worrying about manufacturing. Asia is the main source of panels and other equipment, and with residential installers anticipating a bumper year, a bottleneck in the supply chain could be a major hindrance. Turns out the industry’s biggest 2020 quandary is very different: dwindling demand. Many homeowners ...

Bloomberg Prime minister Boris Johnson was taken to the hospital for tests as he struggles to recover from coronavirus, dealing a serious blow to the UK as the country prepares for the worst of the crisis. Almost 5,000 people have died from Covid-19 in the UK so far and, according to government advisers and scientists, the peak of the outbreak ...

ABU DHABI / WAM The Abu Dhabi Department of Education and Knowledge (Adek) announced the launch of eight new e-services, aimed at delivering greater efficiency and time savings for students, parents and teachers. The e-services, which include transcript, report card and certificate attestations, and appointment letter generation for educators, are available via the Adek website and on TAMM – the ...

DUBAI / WAM The Roads and Transport Authority (RTA) announced its public bus services will be free of charge for individuals permitted to leave their homes during the extended disinfection period. Dubai Taxi vehicles and franchised taxis will in addition offer a 50 percent discount on normal fares. The decision follows an announcement made by Dubai’s Supreme Committee of Crisis ...

Dubai / WAM The Dubai Future Foundation (DFF) released the second issue from a series of reports to tackle the challenges that organisations in Dubai and the world will face once the Covid-19 global outbreak subsides. The series comes during a crucial time, in which public and private sector organisations need to be well-prepared for future opportunities and challenges. Titled ...

ABU DHABI / WAM Shams, one of the world’s largest concentrated solar power plants, continues to significantly contribute to the UAE’s clean energy transition, and is helping the country prepare for the next 50 years In the following report, Emirates News Agency (WAM) will present the journey of Shams, which is celebrating its 7th anniversary. Operated by Shams Power Company ...

Bloomberg Singapore will unveil additional support for businesses and households on Monday, less than two weeks after announcing a S$48 billion ($33.4 billion) stimulus package to buffer the impact of the coronavirus. The government plans to waive foreign worker levies for April and boost an existing jobs support programme, deputy PM Heng Swee Keat said in a Facebook post. The measures ...