ATI Newswire - the latest updates

May 29, 2020

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".

May 28, 2020

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%.

May 28, 2020

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.

May 28, 2020

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.

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