Malaysian authorities have ordered the reopening of the Padang Besar checkpoint in Songkhla next week to allow the import of concentrated latex for the country's production of rubber gloves.
The Thai economy would shrink by 5% this year in the World Bank's worst-case scenario, with the coronavirus outbreak compounding existing problems like drought, stagnant wage growth, rising unemployment and growing poverty.
Stocks in Asia were little changed in Friday morning trade following a record surge in oil prices overnight that saw U.S. crude futures soaring more than 24%.
KUALA LUMPUR (April 3): Bank Negara Malaysia (BNM) said today Malaysia's economic growth, as measured by Gross Domestic Product (GDP), is projected at between -2% to 0.5% in 2020 against a highly challenging global economic outlook due mainly to the COVID-19 pandemic.
SINGAPORE (Reuters) - The dollar edged toward an almost 2% weekly rise on Friday, boosted by a surge in the oil price and as investors sought safety amid the worsening economic fallout from the coronavirus pandemic.
NEW YORK (Reuters) - Asian markets on Friday looked to latch onto Wall Street’s overnight gains after crude prices notched their biggest one-day surge on record, helping offset concerns about the depth of a global recession.