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Costa Rica aims for IMF talks over loan in early 2021
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
FILE PHOTO: A participant stands near a logo of IMF at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. ChristoSAN JOSE (Reuters) - Costa Rica aims to begin talks with the International Monetary Fund in the first few weeks of 2021 in search of a loan to help weather a funding crisis which the coronavirus pandemic has aggravated, a top official said on Friday. President Carlos Alvarado this week said his government would be seeking fresh talks with the IMF, and Pilar Garrido, minister for national planning and economic policy, told broadcaster Radio Columbia she expected talks to begin soon. Separately, Finance Minister Elian Villegas said authorities would have to line up tough measures to get a deal with the IMF. Also speaking on the radio, Villegas said Costa Rica would have to “grit its teeth” to reduce public spending by 20% in under four years, without providing details.
Persons: Johannes P, Christo, Carlos Alvarado, Pilar Garrido, , , Elian Villegas, Villegas, Costa Organizations: IMF, International Monetary Fund, REUTERS, Central, Radio Columbia, Finance Locations: Nusa Dua, Bali, Indonesia, Costa Rica
Philippines police threaten social distancing violators with caning
  + stars: | 2020-12-04 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
FILE PHOTO: Filipinos wearing masks and face shields for protection against the coronavirus disease (COVID-19) walk along a street market in Manila, Philippines, December 3, 2020. REUTERS/Eloisa Lopez/File PhotoMANILA (Reuters) - Philippine police on Friday threatened to cane people who violate social distancing protocols as the Southeast Asian nation fights the spread of the coronavirus during the festive season. “It can be used to cane the hardheaded,” Binag said, adding that the “social distancing patrols” would focus on high-traffic areas such as transport hubs and public markets. Authorities have apprehended, warned and penalised around 700,000 people since March for violating measures such as ignoring physical distancing and not wearing masks, police data shows. With more than 436,000 infections and around 8,500 deaths, the Philippines has the second highest COVID-19 cases and casualties in Southeast Asia, next to Indonesia.
Persons: Eloisa Lopez, Cesar Binag, ” Binag, Rodrigo Duterte Organizations: REUTERS, Philippine, Police, Authorities Locations: Manila, Philippines, MANILA, Southeast Asia, Indonesia
SINGAPORE — JPMorgan says stocks in emerging markets may rise as much 20% in 2021 after being largely ignored by investors this year. "I think emerging markets are very under owned as we see in the markets rally," Joyce Chang, chair of global research at JPMorgan, told CNBC's "Street Signs Asia" on Thursday. Besides China and India, many other emerging markets have been shunned by investors in 2020 as they largely flocked toward safety. Historically, investors have had about 9% allocated overall to emerging market stocks, she explained. "I think there's scope for catch-up in 2021 for emerging markets," she said.
Persons: Joyce Chang, CNBC's, Chang Organizations: SINGAPORE, JPMorgan, U.S . Federal Reserve Locations: China, India, Brazil, Indonesia, South Korea, Thailand, Singapore
Walmart-owned Flipkart sold a percentage of its ownership stake in India-based payments firm PhonePe. PhonePe's move can solidify its leading position in India's payments space. The payments firm recently announced that it reached 100 million monthly active users in October and processed 925 million transactions—helping it grab more than 40% of India's digital payments market. The move can further solidify PhonePe's leading position in India's payments space. Two of Southeast Asia's most powerful players may be banding together—which could lead to significant changes in the markets's growing digital payments market.
Persons: Flipkart, PhonePe's, PhonePe, Sameer Nigam, Paytm, Ant's, GrabPay — Organizations: Walmart, Intelligence, Payments & Commerce, Payments, Commerce, National Payments Corporation, India, Google, Ant Locations: India, PhonePe, Asia, Paytm, China, Indonesia, Singapore
FILE PHOTO: A Rafale fighter jet, manufactured by Dassault Aviation, takes part in a flying display at Saint-Dizier Air Base as the French Air Force celebrates 20,000 days of uninterrupted nuclear warning and the completion of a new round of Strategic Air Force (SAF) modernization in Saint-Dizier, France, October 4, 2019. REUTERS/Benoit Tessier/File PhotoPARIS (Reuters) - Negotiations between France and Indonesia for the purchase of 48 French Rafale fighter jets are advancing at a fast pace and a deal could be inked soon, French website La Tribune.fr said on Thursday, citing several sources. Indonesia would like to seal a deal before the end of the year but French negotiators want to take the time necessary to fine-tune the details, it said.
Persons: Benoit Tessier, La Tribune.fr Organizations: Dassault Aviation, Dizier, Base, French Air Force, Strategic Air Force, REUTERS, PARIS, Rafale Locations: Saint, France, Indonesia, French
SEATTLE/DUBLIN (Reuters) - Budget airline Ryanair on Thursday ordered 75 additional Boeing 737 MAX jets with a list price of $9 billion, throwing a commercial lifeline to the embattled U.S. planemaker after regulators lifted a 20-month safety ban. “The Boeing MAX is a fabulous aircraft,” Ryanair Chief Executive Michael O’Leary said. Ryanair did not disclose the price it will pay, but traders say deals typically include discounts in excess of 50% of list prices. Reuters reported on Wednesday that Ryanair was close to placing an order for up to 75 Boeing jets. Boeing is also negotiating with airlines including Southwest and Delta and Alaska Airlines, which last month agreed to lease 13 Boeing MAX jets, industry sources have said.
Persons: Jason Cairnduff, David Calhoun, “ I’ve, Michael O’Leary, O’Leary Organizations: SEATTLE, Reuters, Budget, Ryanair, Boeing, Irish, Dublin Airport, REUTERS, Washington DC, Alaska Airlines, Boeing MAX Locations: DUBLIN, U.S, Dublin, Ireland, Washington, Indonesia, Ethiopia, Southwest, Delta, United States
SEATTLE/DUBLIN (Reuters) - Budget airline Ryanair on Thursday ordered 75 Boeing 737 MAX jets with a list price of $9 billion, throwing a commercial lifeline to the embattled U.S. planemaker after regulators lifted a 20-month safety ban. Part of the discount was compensation for the 18-month delay to the first delivery of the MAX, O’Leary said. Asked during the signing ceremony about price concessions Boeing offered, O’Leary joked: “Not enough ... Ryanair also hopes to agree to another large order of the 737 MAX over the next 18 months, and expects to be flying the 230-seat MAX 10 by 2025, O’Leary told Reuters. Boeing is also negotiating with airlines including Southwest and Delta and Alaska Airlines, which last month agreed to lease 13 Boeing MAX jets, industry sources have said.
Persons: Jason Cairnduff, “ I’ve, David Calhoun, “ It’s, Michael O’Leary, O’Leary, , , ” O’Leary Organizations: SEATTLE, Reuters, Budget, Ryanair, Boeing, Dublin Airport, REUTERS, Irish, Alaska Airlines, Boeing MAX, Wizz Air Locations: DUBLIN, U.S, Dublin, Ireland, Washington, Indonesia, Ethiopia, Southwest, Delta, United States
Indonesia sees new daily record 8,369 coronavirus cases
  + stars: | 2020-12-03 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
JAKARTA (Reuters) - Indonesia recorded its biggest daily rise in coronavirus infections on Thursday with 8,369 new cases, according to its COVID-19 task force, which attributed the jump to a lag in some areas reporting cases. FILE PHOTO: Medical workers wearing personal protective equipments (PPE) utilize a swab chamber as they collect swab samples from men to be tested for the coronavirus disease (COVID-19), as the outbreak continues in Jakarta, Indonesia, Indonesia, November 24, 2020. Cases have steadily risen since March but the volume of new daily infections has increased in recent weeks, with record daily infections in four of the past nine days. Task force spokesman Wiku Adisasmito said Thursday’s spike was due to data reporting and verification delays in several regions. The recent jump in daily cases, however, was a worrying indicator.
Persons: Willy Kurniawan, Wiku Adisasmito, ” Wiku, Organizations: REUTERS, West Java Locations: JAKARTA, Indonesia, Jakarta, Asia, Papua, Central Java, West
The report said Grab CEO Anthony Tan would head the new entity, while Gojek executives would run the combined Indonesian business under the Gojek brand. Grab, Southeast Asia’s most valuable start-up at over $15 billion and backed by SoftBank Group, declined comment on Tan’s note and the merger report. Gojek, worth about $10 billion, also declined comment on its note and the possibility of a merger. Singapore-based Grab and Jakarta-based Gojek have become one-stop shops for ride-hailing, food delivery, payments and insurance in Southeast Asia. “There is speculation again about a Gojek deal,” Grab’s Tan told employees in the note seen by Reuters.
Persons: Anthony Tan, Grab’s Tan, , Gojek, Kevin Aluwi, Andre Soelistyo, Aurojyoti Bose Organizations: Bloomberg, SoftBank Group, Reuters, , Google, Facebook, Paypal Locations: SINGAPORE, Singapore, Jakarta, Southeast Asia, Indonesia
Hydrogen gas does provide a path to clean up heavy industries, such as shipping and steelmaking, which are challenging to decarbonize. SunfireGreening the hydrogen industryWhile green hydrogen is an appealing feedstock, it's expensive. AlstomExperts say hydrogen fuel cells will power future heavy-duty vehiclesThe buzziest form of hydrogen is in fuel cells that power zero-emissions cars. In the UK, for example, National Grid and Scottish Gas Network are adding hydrogen gas to pipelines in some regions, Greentech Media reports. Green hydrogen is far more expensive than the gray alternative — and so are fuel-cell cars, relative to EVs, for that matter.
Persons: It's, You've, Hindenburg, it's, Shayanne, decarbonize, , Kevin Harrison, Sunfire, Harrison, That's, Eric Ingersoll, we're, Ingersoll, Coradia, they've, Pierre, Etienne Franc, Louis Brasington Organizations: International Energy Agency ., IEA, Shell, National Renewable Energy Lab, Alstom, Toyota, Honda, Hydrogen, Hyundai, International Energy Agency, National Grid, Scottish Gas Network, Greentech Media, Cleantech, Bank of America Locations: Indonesia, California
Ryanair close to new Boeing 737 MAX jetliner order: sources
  + stars: | 2020-12-02 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
PARIS (Reuters) - Ryanair is close to placing an order for dozens of additional Boeing 737 MAX jets in a commercial boost to the U.S. planemaker after regulators lifted a 20-month safety grounding, industry sources said. FILE PHOTO: Ryanair planes are seen at Dublin Airport, following the outbreak of the coronavirus disease (COVID-19), Dublin, Ireland, May 1, 2020. Ryanair is one of Boeing’s largest worldwide customers and an order from the Irish carrier is seen as a pivotal moment in efforts by Boeing to rehabilitate the troubled 737 MAX, once its fastest-selling model. Alaska Airlines last month agreed to lease 13 Boeing MAX jets. Aviation photographer Michael Kelly tweeted a picture of a Boeing-operated private jet landing in Dublin, fuelling speculation that Ryanair bosses would travel to the United States for an announcement, echoing a previous Boeing jet deal.
Persons: Jason Cairnduff, Michael Kelly Organizations: PARIS, Ryanair, Boeing, Dublin Airport, REUTERS, Alaska Airlines, Boeing MAX, Aviation, Airlines Locations: Dublin, Ireland, Indonesia, Ethiopia, United States
Boeing gets 737 MAX order boost from Ryanair: sources
  + stars: | 2020-12-02 | by ( Tim Hepher | Conor Humphries | ) www.reuters.com + 0.00   time to read: +3 min
PARIS (Reuters) - Budget giant Ryanair is set to place a hefty order for up to 75 additional Boeing 737 MAX jets, throwing a commercial lifeline to the embattled U.S. planemaker after regulators lifted a 20-month safety ban, industry sources said. FILE PHOTO: Ryanair planes are seen at Dublin Airport, following the outbreak of the coronavirus disease (COVID-19), Dublin, Ireland, May 1, 2020. Alaska Airlines last month agreed to lease 13 Boeing MAX jets. Ryanair’s order may, however, be overshadowed by new European Union tariffs on Boeing jets, bringing a long-running trade row to a head in the midst of the U.S. electoral transition. Ryanair, meanwhile, has said it expects Boeing to absorb the cost of the 15% European tariffs on planes already ordered.
Persons: Jason Cairnduff, Michael Kelly Organizations: PARIS, Budget, Ryanair, Boeing, Dublin Airport, REUTERS, Regulators, Aviation, Alaska Airlines, Boeing MAX, U.S, EU, World Trade Organization, Airbus, American Airlines Locations: U.S, Dublin, Ireland, planemaker, Indonesia, Ethiopia, United States, Southwest, Delta
Boeing said it had no comment on the American flight and that it would not have staff aboard. The planemaker has said that airlines will take a direct role in demonstrating to passengers that the 737 MAX is safe. Wednesday’s flight marks the first time anyone besides regulators and industry personnel have flown on the MAX since the grounding. A smooth return to service for the MAX is seen as critical for Boeing’s reputation and finances. Airlines and leasing companies have spent hundreds of billions of dollars buying the latest upgrade of the 737, the world’s most-sold aircraft.
Organizations: DALLAS, Boeing, American Airlines, U.S . Federal Aviation Administration, Airlines, FAA, Oman Air, Alaska Airlines, Ryanair Locations: Dallas , Texas, Tulsa , Oklahoma, Aereas, U.S, Indonesia, Ethiopia, Seattle
Boeing 737 MAX returns to skies with media onboard
  + stars: | 2020-12-02 | by ( Tracy Rucinski | ) www.reuters.com + 0.00   time to read: +3 min
DALLAS (Reuters) - Boeing Co’s 737 MAX is poised to make its first public appearance with media onboard since being grounded over fatal crashes, as one of its biggest customers, American Airlines, seeks to prove it is safe for passengers. FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked at Boeing facilities at Grant County International Airport in Moses Lake, Washington, U.S. November 17, 2020. Boeing has said that airlines will take a direct role in demonstrating to passengers that the 737 MAX is safe. “We are continuing to work closely with global regulators and our customers to safely return the fleet to commercial service,” a spokesman said. Alaska Airlines agreed to lease 13 Boeing 737 MAX last week and Ireland’s Ryanair is expected to place a large order for the jets as soon as this week.
Persons: Lindsey Wasson, Doug Parker, Boeing’s, , Brazil’s Organizations: DALLAS, Boeing, American Airlines, MAX, Grant County International, REUTERS, U.S . Federal Aviation Administration, FAA, Oman Air, Airlines, Alaska Airlines, Ryanair Locations: Moses Lake , Washington , U.S, Dallas , Texas, Tulsa , Oklahoma, Aereas, Indonesia, Ethiopia, Seattle
Boeing 737 MAX returns to skies with media on board
  + stars: | 2020-12-02 | by ( Tracy Rucinski | ) www.reuters.com + 0.00   time to read: +4 min
DALLAS (Reuters) - Boeing Co’s 737 MAX took off on Wednesday on its first public appearance with media onboard since being grounded over fatal crashes, as one of its biggest customers, American Airlines, seeks to prove it is safe for passengers. FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked at Boeing facilities at Grant County International Airport in Moses Lake, Washington, U.S. November 17, 2020. Boeing has said that airlines will take a direct role in demonstrating to passengers that the 737 MAX is safe. “We are continuing to work closely with global regulators and our customers to safely return the fleet to commercial service,” a spokesman said. Alaska Airlines agreed to lease 13 Boeing 737 MAX last week and Ireland’s Ryanair is expected to place a large order for the jets as soon as this week.
Persons: Lindsey Wasson, Doug Parker, Boeing’s, Pete Gamble, , Brazil’s Organizations: DALLAS, Boeing, American Airlines, MAX, Grant County International, REUTERS, U.S . Federal Aviation Administration, FAA, Oman Air, Airlines, Alaska Airlines, Ryanair Locations: Moses Lake , Washington , U.S, Dallas , Texas, Tulsa , Oklahoma, Aereas, Indonesia, Ethiopia, Seattle
BOGOR, Indonesia (Reuters) - It may not be haute couture, but former Indonesian school teacher turned tailor Fredi Lugina Priadi has found a lucrative market for his cat fashions, creating unique costumes and cosplay outfits for cats. The 39-year-old now supplies outfits to picky pet owners looking to dress their felines in everything from superhero outfits for figures like Thor and Superman to cosplay characters, nurse uniforms and even traditional Islamic wear. “At first, my cousins who love cats gave me the idea to make these costumes and I thought it was weird,” said Fredi. Customer Risma Sandra Irawan has bought at least 30 outfits for her cat Sogan and puts in orders for special occasions like the Muslim festival of Eid al-Fitr or at Christmas. “Its for fun only...it can relieve our stress,” said Risma, who created an account on social media platform TikTok showing off Sogan’s outfits that has more than 50,000 followers.
Persons: Fredi, Priadi, Thor, , Sandra Irawan, Eid, Risma Organizations: Indonesian Locations: BOGOR, Indonesia, Bogor, Jakarta
"China does not strictly need the wheat and barley ... from Australia. The analyst said China has the "potential to buy more" as the country looks to replenish its inventories and reserves. Agapi explained, "There is space for more suppliers, it's not exclusively a U.S. SINGAPORE — Australia is in an unfavorable position in its trade dispute with China, which has found alternative sources like the U.S. for supplies, according to S&P Global Platts. But in May, China levied a hefty tariff on Australian barley, pricing the crop out of the Chinese market.
Persons: Agapi, Andrei Agapi, Platts, CNBC's, bode Organizations: SINGAPORE —, P Global Locations: China, Australia, U.S, Beijing, Asia, Pacific, SINGAPORE, SINGAPORE — Australia, Gunnedah , New South Wales, , Indonesia, Philippines, Southeast Asia
Ryanair close to new Boeing 737 Max jetliner order, sources say
  + stars: | 2020-12-02 | by ( ) www.cnbc.com sentiment -0.99   time to read: +2 min
Ryanair planes are seen at Dublin Airport, following the outbreak of the coronavirus disease (COVID-19), Dublin, Ireland. Ryanair is close to placing an order for dozens of additional Boeing 737 Max jets in a commercial boost to the U.S. planemaker after regulators lifted a 20-month safety grounding, industry sources said. Europe's largest low-fare carrier, which has an option to expand its current order by 75 jets to 210 aircraft, declined to comment. Ryanair is one of Boeing's largest worldwide customers and an order from the Irish carrier is seen as a pivotal moment in efforts by Boeing to rehabilitate the troubled 737 Max, once its fastest-selling model. Alaska Airlines last month agreed to lease 13 Boeing Max jets.
Persons: Max, Michael Kelly Organizations: Ryanair, Dublin Airport, Boeing, Max, Alaska Airlines, Boeing Max, Aviation, Airlines Locations: Dublin, Ireland, Indonesia, Ethiopia, United States
Risk assets set for positive 2021, Asia to lead: BlackRock
  + stars: | 2020-12-01 | by ( Divya Chowdhury | ) www.reuters.com + 0.00   time to read: +2 min
(Reuters) - The world’s biggest asset manager, BlackRock Inc, expects the overall backdrop for risk assets to be positive in 2021, supported by easy money from central banks, with Asia well-poised to lead the post-COVID-19 recovery. Some Asian central banks will remain on a neutral-to-accommodative path in 2021, he said, adding that Indonesia, India and Malaysia may have room to ease. For central banks in the United States and other developed markets, he said policy normalisation was not on the horizon. Seth expected the U.S. 10-year yield to be in the 1.00%-1.50% range by the end of 2021. For other news from Reuters Global Investment Outlook Summit 2021, click hereFollow Reuters Summits on Twitter @Reuters_Summits(This interview was conducted in the Reuters Global Markets Forum, a chat room hosted on the Refinitiv Messenger platform.
Persons: Neeraj Seth, ” Seth, Seth, normalisation, , deleveraging ” Organizations: Reuters, BlackRock Inc, New York U.S, BlackRock, Reuters Global Markets, Reuters Global Investment Outlook, Reuters Global Investment, GMF Locations: Asia, New York, Hong Kong, Indonesia, India, Malaysia, United States, China, South Korea, Singapore, Vietnam, “ China
European Union and ASEAN to form strategic partnership: Germany
  + stars: | 2020-12-01 | by ( Reuters Staff | ) www.reuters.com + 0.99   time to read: +1 min
German Foreign Minister Heiko Maas speaks during a virtual news conference where he informed about a virtual meeting of EU-ASEAN Foreign Ministers and an upcoming NATO Foreign Ministers meeting, at the Federal Foreign Office in Berlin, Germany, December 1, 2020. Clemens Bilan/Pool via REUTERSBERLIN (Reuters) - The European Union and the ASEAN group of southeast Asian countries have agreed to upgrade their relationship to a strategic partnership, current EU president Germany said on Tuesday. “Together, we represent more than a billion people and almost 25 per cent of global economic power. Together, we have a strong voice in this world,” said Maas, who gave no specific details on what the strategic partnership would entail. ASEAN groups Brunei, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Indonesia and the Philippines.
Persons: Heiko Maas, Clemens Bilan, Germany, , Maas Organizations: EU, ASEAN Foreign Ministers, NATO, Federal Foreign Office, REUTERS BERLIN, European Union, ASEAN, , Association of Southeast Asian Nations, Comprehensive Economic Locations: Berlin, Germany, Brunei, Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Indonesia, Philippines, China, Japan, South Korea, Australia, New Zealand
Indonesia considers digital tax even without world consensus
  + stars: | 2020-12-01 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
Indonesia, Southeast Asia’s biggest economy, has begun collecting a 10% value-added tax (VAT) since mid-2020 on digital products and services from internet-based firms, but officials had previously said it would charge a tax on income only after a global consensus was reached. Finance Minister Sri Mulyani Indrawati told a virtual news conference that, based on the VAT payments, the tax office could estimate how much in income digital firms derive from Indonesia. The European Union is also considering going ahead with a bloc-wide tax on digital services if a global deal is not reached by mid-2021. The United States in June launched an investigation into digital services taxes being adopted or considered in several jurisdictions, including the EU and Indonesia. Indonesia’s tax office said 16 digital companies had paid 297 billion rupiah ($21.06 million) in VAT as of October.
Persons: Sri Mulyani Indrawati, Organizations: OECD, Indonesia's Finance, ASEAN, Convention, REUTERS, Organisation for Economic Cooperation, Development, Finance, European, EU, Google, Temasek Holdings, Bain & Company Locations: JAKARTA, Indonesia, Hanoi, Vietnam, Southeast, United States
JAKARTA (Reuters) - Hundreds of Papuans held rallies across at least eight cities in Indonesia on Tuesday to renew calls for independence, as a separatist group declared it had established a provisional government in exile. The demonstrations marked the anniversary of West Papua declaring independence from Dutch rule in 1961, which was followed by a contentious U.N.-sanctioned referendum in 1969 that brought Papua under Indonesian control. Among more than 100 students who marched in the capital Jakarta, Papuan Roland Levy said the date remained significant decades on. The protests coincided with a declaration from the United Liberation Movement for West Papua that a provisional “government-in-waiting” had been formed, led by exiled independence figure, Benny Wenda. Britain-based Wenda said the group would push for independence and no longer “bow down to Jakarta’s illegal martial rule”.
Persons: Papuans, Roland Levy, , , Benny Wenda, Wenda, Teuku, Wenda’s Organizations: Reuters, United Liberation Movement, West, United Nations Locations: JAKARTA, Indonesia, West Papua, Papua, Indonesian, Jakarta, West, Britain, Netherlands, East Indies
Jakarta governor contracts COVID-19 as Indonesia infections spike
  + stars: | 2020-12-01 | by ( Reuters Staff | ) www.reuters.com sentiment -0.95   time to read: +2 min
JAKARTA (Reuters) - Anies Baswedan, the governor of the Indonesian capital Jakarta, said on Tuesday he had tested positive for COVID-19, as the world’s fourth most populous country struggles to contain a spike in the number of infections. Slideshow ( 2 images )The 51-year-old governor of Southeast Asia’s biggest city is among a number of politicians and officials to contract the virus. His deputy, Ahmad Riza Patria, also tested positive to the virus on Sunday, according to the city’s website. Indonesia, a country of 270 million people, has posted three days of record-high case numbers in the past week. Some health experts and officials have linked the recent spike in cases to mass gatherings in an around the capital.
Persons: Baswedan, COVID, , Ahmad Riza Patria, Jakarta’s, Rizieq Shihab Organizations: Southeast Asia’s, Locations: JAKARTA, Indonesian, Jakarta, Southeast, Indonesia, Southeast Asia
TOKYO (Reuters) - Asian factories continued to recover steadily in November thanks to a boom in economic powerhouse China, private surveys showed on Tuesday, offering hope the region was shaking off the drag from the COVID-19 crisis. A worker is seen during a government-organized tour of the Mengniu Dairy factory in Beijing, China, February 27, 2020. China’s factory activity accelerated at the fastest pace in a decade in November, a private survey showed on Tuesday, a sign the world’s second-largest economy is recovering to pre-pandemic levels. A steady recovery in global demand also helped Japan’s factory activity move a notch closer to stabilisation in November, and that of South Korea to accelerate at the fastest pace in nearly a decade. Factory activity also grew in Taiwan and Indonesia, a sign the pick-up in Chinese demand was underpinning the region’s economy.
Persons: Thomas Peter, , Wang Zhe, China’s, Takeshi Minami Organizations: REUTERS, , Caixin Insight, Jibun Bank, Jibun Bank Japan Manufacturing PMI, IHS, PMI, Norinchukin Research Locations: TOKYO, China, Beijing, South Korea, Jibun Bank Japan, Taiwan, Indonesia
TOKYO (Reuters) - Asian factories recovered further in November from the COVID-19 crisis, surveys showed on Tuesday, thanks to a boom in economic powerhouse China which has enabled the region to withstand the pandemic better than many of its peers. It was also in line with an official survey that showed activity at Chinese factories expanded at the fastest pace in more than three years in November. PATCHY RECOVERYThe surveys on Tuesday showed factory activity also grew in Taiwan and Indonesia, a sign the pick-up in Chinese demand was underpinning the region’s economy. The final au Jibun Bank Japan Manufacturing PMI hit 49.0 in November, up from the previous month’s 48.7 and a preliminary 48.3 reading. But India’s manufacturing recovery faltered in November as coronavirus fears weighed on demand and output, prompting firms to cut jobs for the eighth month in a row.
Persons: Thomas Peter, China’s, , Takeshi Minami Organizations: SMC, REUTERS, PMI, , Economics, International Monetary, Jibun Bank, Jibun Bank Japan Manufacturing PMI, IHS, Norinchukin Research, Locations: TOKYO, China, Beijing, U.S, Europe, South Korea, Taiwan, Indonesia, Jibun Bank Japan
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