Tag Archives: Asia Economy

Preflight Covid-19 testing is on the rise — the question is whether it works

Singapore’s economy contracted by 7% year-on-year in the third quarter, official estimates show

A man wearing a protective face mask walks past an indoor waterfall at Jewel Changi Airport in Singapore. Roslan Rahman | AFP | Getty Images SINGAPORE — Singapore’s economy contracted by 7% in the third quarter compared with a year ago, according to official estimates released by the Ministry of Trade and Industry on Wednesday.… Read More »

‘Very unethical’: Russian sovereign wealth fund chief slams criticism of his country’s coronavirus vaccine

Criticisms of Russia’s coronavirus vaccine are unhealthy, unethical and unproductive, according to Kirill Dmitriev, chief executive of Russia’s sovereign wealth fund RDIF — which is backing the controversial vaccine named “Sputnik V.” “We’re completely transparent and open. There is very negative narrative in some of the Western nations, and frankly we feel it’s very sad… Read More »

India announced nearly $10 billion to prop up growth. Economists are not impressed

Girls wearing protective face masks wait to pray inside temple premises on the occasion of the annual harvest festival of Onam, amidst the spread of the coronavirus disease (COVID-19), on the outskirts of Kochi, India, August 31, 2020. Sivaram V | REUTERS SINGAPORE — Economists were not impressed by India’s latest economic stimulus aimed at… Read More »

Southeast Asia struggles to kickstart its battered tourism industry as the pandemic chokes demand

Southeast Asia, home to some of the most tourism-reliant countries in the world, is reeling from the coronavirus-induced global lockdowns — and many of the region’s travel industries are struggling to survive. Even though other regions like Europe have seen travel-related activities lifted, Southeast Asia’s borders have remained largely closed. The World Tourism Organization, a… Read More »

India wants to boost economic growth again, but it has one big task ahead of it first

SINGAPORE — India needs to restore purchasing power in rural and urban areas for growth to pick up again, an economist said Monday. To do that, New Delhi has to revive jobs that were lost due to the pandemic through both an existing rural employment guarantee scheme and by introducing a similar program in urban… Read More »