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Thailand poised to raise debt ceiling to 70%
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Thai baht becoming the region s worst-hit currency in COVID pandemic
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SE Asian economies languish as virus challenges persist
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published : 11 May 2021 at 13:49
4 FILE PHOTO: Local residents collect free food packets from a food bank called a community pantry , run by volunteers, along a road in Quezon City in suburban Manila, April 21, 2021. (AFP)
The Philippine and Malaysian economies continued contracting in the first three months of the year, adding to signs that some of Southeast Asia’s biggest nations are struggling amid a resurgence in coronavirus cases.
The quarterly figures released Tuesday which came in below all forecasts for the Philippines add to recent weaker signals from top regional economies Indonesia and Thailand.
NYC Aims to Reopen in July; France to Ease in May: Virus Update
Bloomberg 2 mins ago Bloomberg News
(Bloomberg) New York City is moving to fully reopen on July 1., Mayor Bill de Blasio said, though Governor Andrew Cuomo said he wants it to happen sooner. Chicago is broadly easing restrictions to allow for higher capacity at restaurants, bars and large indoor venues. Michigan will tie reopening to hitting vaccination benchmarks.
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The U.S.’s focus on increasing vaccine supply for other countries may mean boosting manufacturing at American facilities rather than waiving intellectual-property protections, the White House said.
NYC to Reopen in July; Concerns on Oregon Surge: Virus Update
Bloomberg 46 mins ago © Bloomberg India Fights to Stem the World’s Biggest Surge in Covid-19 Cases
(Bloomberg) New York City is moving to fully reopen on July 1, Mayor Bill de Blasio said, though Governor Andrew Cuomo said he wants it to happen sooner. Chicago is broadly easing restrictions to allow for higher capacity at restaurants, bars and large indoor venues. Michigan will tie reopening to hitting vaccination benchmarks.
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A surge in Oregon is sweeping through a partially vaccinated population, with steep rises in case rates among the young an indication that the U.S. may struggle with distinct outbreaks for months to come. Meanwhile, the country’s focus on increasing vaccine supply for other nations may mean boosting manufacturing at U.S. facilities rather than waiving intellectual-property protections, the White House said.
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