Trade deficit narrows in February as virus fears keep factories shut

A sharp pull back in imports narrowed the Philippines’ trade gap in February, the government reported Wednesday, an indication that coronavirus fears are already crippling the country’s growth engines amid falling demand and tepid economic activity......»»

Category: newsSource: philstar philstarApr 8th, 2020

Trade deficit narrows in February

The country posted its smallest trade deficit in more than two years in February as imports declined, and exports continued to grow although at a much smaller pace, the Philippine Statistics Authority reported yesterday......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2020

Trade deficit narrows in December but virus outbreak threatens Philippine exports

Trade deficit in the last month of 2019 stood at $2.48 billion, 40.6% smaller than in December 2018......»»

Category: financeSource:  philstarRelated NewsFeb 11th, 2020

Swatch cancels Zurich trade show over China virus

ZURICH, Switzerland – Switzerland's Swatch Group on Tuesday, February 4, said it was canceling a trade show in Zurich for several of its luxury brands because of fears over the novel coronavirus (2019-nCoV)  from China. "Considering the uncertainty related to the 2019-nCoV...outbreak and in order to guarantee the welfare of our ........»»

Category: newsSource:  rapplerRelated NewsFeb 4th, 2020

Bangladesh garment factories reopen, defying virus lockdown

DHAKA, Bangladesh – Hundreds of Bangladesh garment factories defied a nationwide coronavirus lockdown to reopen on Sunday, April 26, raising fears the industry's vulnerable and largely female workforce could be exposed to the contagion. Big-name international brands have canceled or held up billions of dollars in ........»»

Category: newsSource:  rapplerRelated NewsApr 26th, 2020

Philippines’ trade gap shrank to $1.65B in February

THE country’s trade deficit narrowed further in February from a year and a month ago, as exports outpaced imports, the Philippine Statistics Authority (PSA) reported on Wednesday. Data for the statistics agency showed that inbound shipments dropped by 11.62 percent to $7.05 billion year-on-year, while outbound ones grew by 2.83 percent to $5.40 billion. This […].....»»

Category: newsSource:  manilatimes_netRelated NewsApr 9th, 2020

Budget deficit narrows in February

The government incurred a fiscal deficit of P37.6 billion in February, lower by nearly 51 percent than the budget gap of P76.4 billion a year ago following a decline in disbursements due to high base effects, the Bureau of the Treasury reported yesterday......»»

Category: financeSource:  philstarRelated NewsApr 6th, 2020

ONE Championship postpones closed-closed door events in April

Singapore-based martial arts promotion ONE Championship has decided to postpone their scheduled closed-door events for April, as announced by ONE Chairman and CEO Chatri Sityodtong on social media.  This comes after Singapore announced a month-long partial lockdown which will order workplaces except for essential services and key economic sectors to shut down starting Tuesday, April 7th in an effort to further prevent the spread of the dreaded COVID-19 virus that has affected the entire world.  ONE's closed door events were all scheduled to take place in Singapore.  "Unfortunately, ONE Championship will have to postpone its closed-door, audience-free events for April due to new COVID-19 restrictions. To extinguish the recent growth of the coronavirus, the Singapore Government has just wisely ordered a partial lockdown of the country, whereby effective tomorrow (April 7th) onwards, only essential services (such as food, healthcare, and transportation) are allowed to operate," Chatri's post read.  As of writing, Singapore has 1,309 positive cases with only six fatalities.  The closed-door events were initially scheduled for the last two Fridays of April (17th and 24th), but the month-long lockdown will also likely affect the scheduled event on May 1st.  ONE becomes just the latest sporting league that has been forced to postpone or cancel their events thanks to the COVID-19 virus, joining the likes of the NBA, the NCAA, and various other leagues and promotions all over the world.  Back in February, due to the rising concern over the spread of the COVID-19 virus, ONE experimented with the closed-door format for their ONE: KING OF THE JUNGLE event. .....»»

Category: sportsSource:  abscbnRelated NewsApr 6th, 2020

U.S. game makers conference postponed amid virus fears

SAN FRANCISCO, USA – A game developers conference in San Francisco was postponed Friday, February 29, after Facebook and Microsoft withdrew from the event due to concerns about the spread of novel coronavirus . The annual gathering was due to start March 16 in a downtown convention center but will be ........»»

Category: newsSource:  rapplerRelated NewsFeb 29th, 2020

Foreign firms in China forecast revenue drop due to virus

BEIJING, China – Foreign firms in virus-hit China are expecting large drops in revenue, especially for the first half of the year, with some planning to lower their business targets, said trade associations on Thursday, February 27. Close to half of almost 580 firms surveyed by ........»»

Category: newsSource:  rapplerRelated NewsFeb 27th, 2020

Neighbors Shut Borders with Iran Over Coronavirus Fears

Iran’s neighbors closed their borders to the country due to mounting concerns on the spread of the novel coronavirus, officially known as COVID-19, after over a dozen deaths were confirmed in Iran. Iraq closed all its border crossings with Iran for three days following the deaths of two Iranians from the deadly virus on Feb. […].....»»

Category: newsSource:  metrocebuRelated NewsFeb 25th, 2020

China comprehensively bans wildlife trade over virus

BEIJING, China – China on Monday, February 24, declared an immediate and "comprehensive" ban on the trade and consumption of wild animals, a practice believed responsible for the deadly coronavirus outbreak. The country's top legislative committee approved a proposal "prohibiting the illegal wildlife trade, abolishing the bad habit of overconsumption ........»»

Category: newsSource:  rapplerRelated NewsFeb 24th, 2020

Pakistan closes Iranian border, Afghanistan bans travel over virus fears

ISLAMABAD, Pakistan – Pakistan on Sunday, February 23, closed its land border with Iran, while Afghanistan suspended travel to the neighbouring country as fears across the region continued to grow over a jump in new coronavirus infections. Both Afghanistan and Pakistan share long, porous borders with Iran that are often used ........»»

Category: newsSource:  rapplerRelated NewsFeb 23rd, 2020

Elated passengers leave Cambodia cruise ship after virus all-clear

SIHANOUKVILLE, Cambodia – Dozens of passengers stuck for nearly a week on a US cruise ship in Cambodia disembarked Wednesday, February 19, after being given the all-clear from a deadly coronavirus. The Westerdam made shore in Sihanoukville on February 13 after being rejected by 5 countries over fears its passengers ........»»

Category: newsSource:  rapplerRelated NewsFeb 19th, 2020

Cruise passengers scatter, take Cambodia bus tours despite virus fears

PHNOM PENH, Cambodia – A scramble intensified Monday, February 17, to trace passengers from a US cruise liner allowed to disembark  in Cambodia despite at least one traveler later being diagnosed with the deadly coronavirus.  There are fears scores of cruise goers have been scattered across the world without ........»»

Category: newsSource:  rapplerRelated NewsFeb 17th, 2020

Singapore lowers growth forecast as virus hits economy

SINGAPORE – Singapore cut its economic growth forecast for this year on Monday, February 17, as the coronavirus batters tourist arrivals and trade. The city-state is one of the worst affected places outside China, with 75 cases of the virus so far. China has more than 70,000 infections ........»»

Category: newsSource:  rapplerRelated NewsFeb 17th, 2020

Tokyo holds Olympic torch rehearsal as specter of virus looms

    TOKYO, Japan – Tokyo Olympic organizers held a dummy run for the torch relay Saturday, February 15, as fears over the coronavirus epidemic continue to cast a dark shadow over preparations for this summer's Games. A quartet of runners carried unlit torches for some 200 meters each as organizers meticulously went ........»»

Category: newsSource:  rapplerRelated NewsFeb 15th, 2020

Hong Kong unveils cash handouts as virus deepens economic woes

HONG KONG – Hong Kong announced a slew of cash subsidies on Friday, February 14, to help businesses that have been battered by the coronavirus outbreak in a city already reeling from a recession. The US-China trade war and months of seething pro-democracy protests last year had already ........»»

Category: newsSource:  rapplerRelated NewsFeb 15th, 2020

In sickness and in health: Mass wedding in South Korea defies virus fears

GAPYEONG, South Korea –Thousands of couples – some in facemasks – tied the knot in a mass Unification Church wedding Friday, February 7, despite concerns in South Korea over the spread of the coronavirus outbreak . The church founded by Sun Myung-Moon – revered as a messiah by his followers ........»»

Category: newsSource:  rapplerRelated NewsFeb 7th, 2020

Swatch cancels trade show over virus outbreak

Switzerland’s Swatch Group on Tuesday said it was cancelling a trade show in Zurich for several of its luxury brands because of fears over the novel coronavirus from China. “Considering the uncertainty related to the 2019-nCoV Coronavirus outbreak and in order to guarantee the welfare of our guests, partners, and colleagues, the Swatch Group Prestige […] The post Swatch cancels trade show over virus outbreak appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsFeb 4th, 2020

China stocks crash on virus fears after long market break

SHANGHAI, China – Chinese stocks crashed on Monday, February 3, with some major shares quickly falling by the maximum daily limit as the country's investors got their first chance in more than a week to react to the spiralling coronavirus outbreak . (READ:  China virus toll rises to 360 with 56 new fatalities – gov't ) The benchmark Shanghai Composite Index dived 8.73%, ........»»

Category: newsSource:  rapplerRelated NewsFeb 3rd, 2020