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IATA warns governments on high cost of COVID testing

July 26, 2021

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. 

India: A case study in COVID-induced inflation

June 30, 2021

NEW DELHI --India's inflation in May surged past the 6% ceiling of the official target range. The price increase was broad-based, with both headline and core components touching recent highs, ANZ Bank said in a research note. Various State-level lockdowns and rising health costs likely added to the inflationary impulse in the month, ANZ said. "We expect the Reserve Bank of India (RBI) to not react to this data point, but to monitor if it is sustained."

Bay to Bay: Synergies between San Francisco and China’s GBA, says US report

June 30, 2021

HONG KONG - A research report identifying synergies and collaboration opportunities between the San Francisco Bay Area and China's Guangdong-Hong Kong-Macao Greater Bay Area (GBA) has been published by the Bay Area Council Economic Institute, based in San Francisco, and the Hong Kong Trade Development Council (HKTDC). 

Recovery of Malaysian banks is further away: S&P

June 30, 2021

SINGAPORE -- S&P Global Ratings said today that Malaysian banks will continue to be an Asian outlier in their recovery path. "The path to normalisation is likely to be protracted due to the flare-up of new COVID-19 waves and inevitable disruptions in near-term economic prospects," it said. "The six-month blanket moratorium revealed by the Malaysian government on June 28 should further delay the timeline for banks' return to normal."