Philippine equities plummeted by 5.65 per cent on Monday morning’s trading session, led by growing concerns over the outbreak of coronavirus disease in 2019 (COVID-19). As of noon break, the PSEi bellwether fell by 382.52 points or 5.65 per cent to 6.387.86. The wider All Shares index dropped by 207.22 points or 5.13 percent to 3 832.33. In a mobile …

It has added more new patients from Covid-19 case after the announcement of the first two cases four days before. Indonesia has announced there are two new cases of this virus on Friday (6/3). This bringing the total number of confirmed Covid-19 patients to four. As reported, Patient 1 hosted a dance party at Amigos Restaurant in Kemang, South Jakarta, …

After discovering two more cases of coronavirus disease in the country in 2019 (COVID-19), the public will refrain from panic-buying face masks, Health Secretary Francsico Duque III said Friday. His recall came after he revealed that one of the two recent confirmed cases of COVID-19 in the country was an elderly man with no travel history abroad. On the other …

Coronavirus could wipe over $200 billion off Asia Pacific economies this year, S&P Global ratings said Friday, pushing growth to its lowest level in over a decade as governments struggle to fight the disease. China could see growth of less than three per cent in a worst-case scenario, while Japan, Australia, and Hong Kong could “flirt with recession,” it said …

Indonesian crew members of Diamond Princess cruise ship that onboard the Navy’s Dr. Soeharso-990 hospital ship during evacuation, now have been transferred to the place of observation, namely Sebaru Kecil Island in Jakarta’s Thousand Islands (Kepulauan Seribu). This was confirmed by Vice Admiral Yudo Margono.  According to him, the distance from Dr. Soeharso hospital ship to the Sebaru Kecil island …

Indonesian government has appointed additional hospitals to handle cases of coronavirus or COVID-19. Coordinating Minister for Human Development and Culture Muhadjir Effendy said now there are 137 appointed hospitals. “There were initially 100 appointed hospitals, which now has increased to 137. A number of private-owned hospitals have also offered their services to us,” said Muhadjir at the Presidential Palace Complex …

Due to the stock of the raw material is running low, where it is imported from China, the Indonesian government then is considering importing raw material for the production of masks from Europe. This was stated by State-Owned Enterprises Minister Erick Thohir. The raw materials for the production of masks have so far been imported from China. Since the stock …

For the first time since the reopening of the destination, President Rodrigo Duterte is scheduled to visit Boracay Island in an attempt to convince the public that domestic tourism is secure in the face of the 2019 coronavirus threat (COVID-19). Tourism Secretary Bernadette Romulo-Puyat said Duterte would travel to the island of Boracay next Thursday, March 12. As part of …

The Philippine tourism industry’s stakeholders are now bleeding as a result of the 2019 global health scare coronavirus disease (COVID-19), with hotels opting to temporarily close down and air carriers incuring millions of losses. Tourism Secretary Bernadette Romulo-Puyat said in February tourist arrivals declined by 41 per cent due to the outbreak. Tourism Congress of the Philippines (TCP) president Jose …

The Coordinating Minister for Economic Affairs, Airlangga Hartarto, said that the government plans to provide a tariff cut of 500 raw material importers. This was done in order to boost the performance of the industry which was hit by the corona virus (Covid-19). Airlangga said on Tuesday (3/3) night, this was still in the process of coordination with other technical …