Singapore’s exports of pharmaceutical products have surged this year as the coronavirus pandemic prompts worldwide stockpiling of drug ingredients, providing a much needed salve for an economy facing its deepest recession in its fifty five year of history.
On Friday biggest bank of singapore DBS downgraded its forecast for the city-state’s 2020 growth rate to 0.9% from 1.4% previously, citing an expected economic hit from the new coronavirus epidemic which has spread to the city-state.
Iranians should not allow President of United States Donald Trump’s “maximum pressure” approach to harm national unity ahead of parliamentary elections, President Hassan Rouhani said in speech broadcast live on his official website.
On Friday United States Secretary of State Mike Pompeo said that the world should be “eyes wide open” about the risks of using Chinese technology, and that there could be problems for American firms operating in certain places where Huawei equipment was deployed.
A very cautious optimism remains among Asian companies in the fourth quarter as they wait to see whether there will be any breakthrough in a trade dispute between the United States and China.
Japan slid three places to seventh in a widely watched corporate’s ranking governance in Asia, tying with India but languishing behind the likes of Malaysia and Thailand.