The economy through the corona crisis i would look she could me be found as we understand that the economy is in a state of emergency we are putting all our policy focus on minimizing the economic fallout especially for the vulnerable sectors small to medium sized businesses and selfemployed people from the. Finance minister holmes said the supplementary budget will also channel money to childcare Outdoor Markets and the Health System thousands of patients are currently being cared for in makeshift facilities as the ballooning caseload has outstripped hospital capacity. The South Korean Parliament still has to approve the funding package the government deems to present the finalized supplementary budget to the National Assembly on thursday. Time to bring in andrea hang in singapore early ballots in frankfurt and various starting with you take us through some of the numbers in the region. So ben it looks like korea is joining the list of countries that are whipping out the a. T. M. Cards in order to proper of their respective economies obviously south koreas 1800000000. 00 is actually not very far from singapore is it 13700000000. 00 budgets thats meant to stimulate the economy are hong kong has also prepared one x. 15400000000. 00 closer to singapore malaysia also announced a mole modest budget of 0800000000 dollars and indonesia after announcing a 700000000. 00 stimulus package is threatening a 2nd one with no kid numbers just yet elsewhere in Asia Pacific Australia is suspected to announce something in the next couple of weeks and pilot as well is going to launch some kind of stimulus budgets with no real numbers just yet and lot of money being thrown around where will that land how will it help well in the case of korea and hong kong for example a big chunk of that is going to health the Health Care Sector and that for obvious reasons now in singapore is also doing the same and as with hong kong as well a lot of that money is going to directly to the people as well as local businesses in the 2nd expenditure is supposed to prop up trade with easing some of the import export rules because the 1st expenditure is already going to prop up Consumer Spending and tourism as well and speaking of tourism actually highlight and believe thats exactly what these 2 countries are going to do with their money what sort of action is being taken here in europe ali. So far no action by the e. C. B. Its only promised by way of a statement from the president Christine Legarde targeted and appropriate action theres a meeting of the e. C. B. Next week i dont know if they feel themselves under pressure with the fed now but we hear that what the e. C. B. Is considering is not a broad stroke rate cut like the feds but rather targeted. Help for small and Medium Sized Companies its a similar to korea it sounds like who are in trouble and in my mind it would make sense to wait a little bit more as the coronavirus plays out in order to find those who really need that help only what do you reckon about the action thats being taken in china and about the fed as well could we see more fed fed action as far as rate cuts go. They still have some room to maneuver in contrast to the e. C. B. Where the rates are already at 0 i would be surprised if the fed acted again anytime soon the Market Reaction was not really very positive and a lot of people criticizing it is overblown i think the fed will wait till other Central Banks have stepped out and done their part and then see whether its in demand again china china hasnt really done anything yet concrete but i think everybody in the market knows and expects that the Chinese Government has an interest in having money go into the system and Government Policies to help companies and labor. First in frankfurt and gray there in singapore thank you very much to both. Well the news is coming in thick and fast as far as most as quickly as the corona virus is spreading the w h o the cell warning that cash can spread the virus italy is planning on closing all schools until mid march germany has joined other nations in banning the export of mosques juta shortages now some other stories making news organizes a postponing the head of a mess so one of the Worlds Largest industrial fairs event is now set to take place in july not april some 6000. 00 exhibitors were registered a survey shows the coronavirus is Holding Earnings at nearly 2 thirds of Japanese Companies japans toyota says sales fell 70 percent last month in china the worlds biggest auto market around the toilet paper in australia as well supermarkets to impose strict limits on the amount shoppers can buy the spread of the virus and spot panic buying of groceries and household products around the world astray via has confirmed 44. 00 cases. Thailand is reviewing quarantine measures for visitors from 8 countries yesterday the Health Minister announced on facebook a 14 day quarantine for visitors from places like china is leigh and germany but the post was removed hours later and the ministers account disappeared. Beijings decision to ban old group travel was hailed as a sensible step to contain the coronavirus but its had a Global Tourism many destinations rely on chinese visitors these days its no different at one of germanys most iconic landmarks. A night mist partially shrouds the fairy tale castle of noise. The various prime Tourist Attractions seems peacefully aloof visitor numbers have been tumbling steadily since the corona virus outbreak. Neighboring towns normally host 70000. 00 tourists a year from china overall thats only about 5 percent of the people who visit this area but for those Hotels Restaurants and shops which have specialized in welcoming chinese tour groups the virus has quickly become a real problem. Its effects of selective it its all businesses hotels and guest houses which work closely with the Chinese Market with Chinese Group for instance theyre feeling the loss of revenue very very strongly and it cant be compensated for it all in the short term. Like this restaurant which targets chinese travel grapes its now closed until further notice. And this eatery and hotel has also shut down for the time being. Companies tailor made for asian tourists are located here and around the castle they include a range of businesses with pottery watches and jewelry made in germany made in switzerland fast tracked shopping tax free and with a direct connection to asian payment systems. Tourists like these 2 seem to have very little extra time on their hands. Or. Cover several countries inside turned its clear that sightseeing and shopping are on their agenda when you can combine them both in one location and thats a major time gain on the show under huge advantage. Its still too early to estimate losses this 4 star hotel has a Broad Customer base serving tourists from all over the world less than 15 percent come from china but the increasing number of cases which are a p. Airing in other countries and the mounting number of travel restrictions could become a problem. When the have a few cancellations to the virus hasnt hit is too hard up to this point and were hoping it doesnt continue for any length of time and at some point things will stabilize and get back to normal. The high season is only around the corner everyone here is hoping that the situation will ease by then even if that doesnt look likely right now. On to another topic and as it is growing construction berms one key element is in demand said its growing in recent years into a multibillion euro industry but as companies scale up mining many farmers amy and ma say their land is simply disappearing. Just a few years ago all of this was lush farmland. Says he once had 24 acres of paddy fields a long list river in the state of mind me and more now he has just 2 acres farmers like him point to one big factor sand harvesting ships or look at that thats the same bridging ship over there its a huge vessel its quite far away from where we are now its anchored there and it doesnt work during the day but goes upstream closer to our farming land in the night time and dredges the sand in the dark. This farmer says his farmland used to stretch all the way to that little boat. Officials say sends 2018 singapore ian companys star high extracted at least 150000 tons of sand star high is allowed to mine the sand from the souring river but their license doesnt put a limit on the amount they can extract. Lawmakers have called for aid for the farmers ive made it as an enemy i only have my hand and pain in the most i can do for them is to raise their voices because i knew the government is responsible for taking action im really concerned about the future of foam as you may be bad for us farmers like sand say its impossible to farm their remaining land and make a profit so they are forced to pick up odd jobs like making paul marie verbs and fishing. These farmers and others are demanding compensation for their lost land and greater regulations on sand harvesting boats. I saw business with here. Is the shaman race destroying itself. We are ruining the basic elements of our existence were using too much water and were polluting the motor isnt life. Going to come home or supplies will last for ever but they wont. When the rain stops starts march 20th on w. The theyre on a mission. To save the bulb comics started in 1939 since then theyve created a vast empire of superheroes are also have human weaknesses. The creators have had their share of clashes the moving story of a comic giant marvel source march 10th. Job. Were all set. To go beyond the obvious. And so that were on live. As we take on the world. Were all about the stories that matter to you country thats what ever is. Running out of touch alcohol. Made for mines. Tough it is for me. Is for. Beethoven is for. Me to. End beethoven is for. Beethoven. It is for crib but he told in 2020 to 50000 or verse 3 on. The boat. The but. This is due to the news life from Berlin Germany pauses to honor the victims of a racist terror attack great now german leaders are joining survivors relatives and supporters for a memorial in the western town of qana out a far right gunman shot 10 people dead there last month sending shock waves through the countrys minority community