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Manila enters lockdown for month

Bloomberg Metro Manila, a region of 12 million people, entered a month-long lockdown on Sunday as Philippine President Rodrigo Duterte considers a plan to impose a curfew on the area to try and contain the coronavirus outbreak. Hours after Metropolitan Manila Development Authority General Manager Jose Arturo Garcia Jr. said that a 8 pm to 5 am curfew will be ...

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Italy tightening workplace rules in coronavirus crisis

Bloomberg Italian unions and business representatives signed an accord to protect workers nationwide from the spread of the coronavirus in a bid to keep at least some production up and running. “It is a primary objective to combine the continuation of production activities with the guarantee of conditions of health and safety in the workplace and working methods,” according to ...

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Austria’s $4.4bn crisis fund to fuel virus-hit economy

Bloomberg Austria is setting aside 4 billion euros ($4.4 billion) in liquidity and subsidies to support the economy against the impact of the coronavirus, Chancellor Sebastian Kurz told journalists. The measures will offer liquidity by way of loans and loan guarantees as well as tax deferrals, a new model for labour subsidies for companies that have to reduce working hours, ...

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Gates exits Microsoft board, capping years of radical change

Bloomberg It’s truly the end of the old Microsoft Corp. Co-founder and original Chief Executive Officer Bill Gates, the man most closely identified with the world’s largest software maker, said he will leave the company’s board to devote more time to his charitable foundation, which is playing a key role in global health initiatives and expanding into new areas like ...

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President Trump tests negative for coronavirus: White House

Bloomberg President Donald Trump has tested negative for the novel coronavirus, according to a memorandum released by the president’s physician. “One week after having dinner with the Brazilian delegation in Mar-a-Lago, the President remains symptom-free,” Dr Sean Conley said in the memo. “We are encouraging the implementation of all their best practices for exposure reduction and transmission mitigation,” Conley said. ...

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Coronavirus: Abu Dhabi closes main cultural sites

ABU DHABI / WAM In line with precautionary measures to ensure the health and safety of visitors, the Department of Culture and Tourism – Abu Dhabi, DCT Abu Dhabi, has decided to temporarily close cultural sites in the emirate, starting from Sunday March 15 until March 31. The Department said in a statement” “Abu Dhabi’s main tourist attractions, theme parks ...

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Covid-19: UAE central bank unveils AED100b stimulus

ABU DHABI / WAM The Central Bank of the UAE (CBUAE), launched an AED100 billion comprehensive targeted economic support scheme for retail and corporate customers affected by Covid-19. These measures will enter into force with immediate effect, according to a CBUAE statement issued on Saturday. “Given that the World Health Organisation has declared Covid-19 virus as a global pandemic, the ...

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UAE activates remote work system for federal government employees

DUBAI / WAM The UAE government will be activating remote work for a segment of federal government employees, effective from March 15 to March 26, and subject to renewal. The decision comes as a precautionary measure to the novel coronavirus and to safeguard the wellbeing of the community. Employees will be able to utilise the government’s technological systems and platforms ...

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Mohammed bin Rashid School of Government, DHA sign pact

Dubai / Emirates Business Mohammed bin Rashid School of Government (MBRSG) has signed a Memorandum of Understanding (MoU) with Dubai Health Authority (DHA) to enhance academic cooperation and the exchange of knowledge with regards to policies, strategies, and management consulting. The agreement also seeks to train employees, hone their skills, develop research and studies, and organise discussion panels and workshops. ...

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Indonesia unveils fresh $1.55b stimulus to stem virus impact

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 ...

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