HANOI -- As part of numerous measures to prevent the transmission of COVID-19 from other virus-hit nations, Vietnam is still imposing a general entry ban on foreign nationals. But there are exemptions including for those entering Vietnam for diplomatic or official duty purposes, or for those classified under "special circumstances".
ATI Newswire - the latest updates
SEOUL - South Korea's central bank, Bank of Korea, today lowered its 2020 growth forecast from 2.1% to -0.2%. A negative reading would mark the first annual contraction since 1998. The bank now sees an inflation reading of just 0.3% (previously tipped at 1.0%) for this year. The bank also cut the interest rate by 25 basis points to 0.50%.
HONG KONG - The global financial group Natixis says the spread of COVID-19 to emerging economies has brought to light a reality that had been mostly forgotten in an era of ample dollar liquidity, namely, their excessive dependence on external financing. Amid the COVID-19 shock, foreign investors have left these markets at an unprecedented speed, resulting in a sudden global dollar shortage in March, Natixis says.
SINGAPORE - ANZ Bank is expecting the Singapore economy to contract by 5.9% in 2020 -- but sees a stronger rebound taking hold over the early part of 2021, leading to GDP growth of 4.6% for 2021.
"This assumes there are no second-wave COVID-19 infections, either in Singapore or globally," the bank says.