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COVID-19 could mean US$211 billion loss for Asia-Pacific economies: S&P

March 6, 2020

SINGAPORE - Ratings agency Standard and Poors is predicting that growth across Asia-Pacific will slow to 4.0% in 2020, the lowest since the Global Financial Crisis, due to the coronavirus outbreak. A U-shaped recovery should start later in 2020, but, by then, overall economic damage is likely to reach US$211 billion, S&P says.

New BRICS bank wins AA+ rating. S&P notes ‘additional support’ from China

February 28, 2020

SINGAPORE -- S&P Global Ratings today affirmed its 'AA+' long-term and 'A-1+' short-term foreign-currency issuer credit ratings on the New Development Bank (NDB), a multilateral lending institution (MLI) established by Brazil, Russia, India, China, and South Africa (BRICS). "We affirmed the ratings on NDB to reflect our opinion that the institution will establish itself as a catalyst in reducing infrastructure deficits faced by its BRICS members," S&P said.

China's ranking improves in Transparency International survey: Regional ratings stagnate

February 11, 2020

HONG KONG - In its 2019 Corruption Perception Index (CPI), Transparency International reports that the Asia-Pacific region has not witnessed substantial progress in anti-corruption efforts - but China's global CPI ranking has improved by seven places, while its CPI score improved by two points.

Employer obligations, precautions to take during coronavirus outbreak

February 10, 2020

HONG KONG - Lawyers Baker McKenzie have released a Client Alert for employers needing to take stock of their obligations to employees and any potential impact on their businesses of the coronavirus outbreak, now declared by the World Health Organisation to be a Public Health Emergency of International Concern.

Responses to some frequently-asked questions (listed below) are available on the BakerMcKenzie website at https://www.bakermckenzie.com/en/insight/publications/2020/01/employer-p...

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