GENEVA - The International Air Transport Association (IATA) has called on governments to take action to address the high cost of COVID-19 tests in many jurisdictions, and urged flexibility in permitting the use of cost-effective antigen tests as an alternative to more expensive PCR testsIATA also recommended that governments adopt recent World Health Organisation (WHO) guidance to consider exempting vaccinated travellers from testing requirements.
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SINGAPORE -- Companies across the globe are ramping up their spending, with S&P Global Ratings forecasting corporate capital expenditure (capex) to rise 13% for the year. S&P says global capex from nonfinancial companies fell to US$3.3 trillion in 2020 from US$3.5 trillion in 2019, and it is set to rebound to US$3.7 trillion in 2021.
JAKARTA -- Bank Indonesia (BI) has kept its policy rate unchanged at 3.50% as widely expected as it strikes a balance between supporting growth and maintaining currency stability. Although the central bank downgraded its domestic growth forecast, it is more positive on global growth.
HANOI -- Vietnam's Q2 GDP growth quickened to 6.61% y/y in Q2, 0.6% weaker than market expectations of 7.2% y/y. But in an economic research note, ANZ Bank points out that the result marks an improvement from 4.65% y/y growth in Q1 (revised upward from 4.48% y/y earlier).