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Hanoi (VNA) - Malaysia expects its fiscal deficit to widen to 4 percent of gross domestic product (GDP) this year because of the 58 billion USD stimulus measures announced to counter the impact of the coronavirus pandemic on the economy. In an interview with state news agency Bernama last weekend, Finance Minister Tengku Zafrul Tengku Abdul Aziz said Malaysia’s fiscal deficit for 2020 would increase from 3.2 percent in 2019 to 4 percent this year. Last week, Prime Minister Muhyiddin Yassin said his government would roll out a 250 billion ringgit (58 billion USD) economic stimulus package. Of this amount, about 100 billion ringgit will be used to help businesses – mostly small and medium enterprises (SMEs) – while a further 128 billion ringgit will be allocated to public welfare. The stimulus amount works out to be about 17 percent of the country’s GDP and includes measures worth 20 billion ringgit announced last month by the previous government./. … [Read more...] about Malaysia widens fiscal deficit target

Other major stocks that lost this session included VIC of private conglomerate Vingroup, the parent company of VHM and VRE, down 6.2 percent. BID of BIDV and VCB of Vietcombank, the other two major state-owned lenders, fell 6.4 percent and 4.8 percent, respectively. … [Read more...] about VN-Index plunges, ending three-session gaining streak

Two hospitals in Hanoi and Ho Chi Minh City on Monday announced that 30 patients of novel coronavirus disease (COVID-19), are now clear of the pathogen, including patient No. 17 who was believed to kick off the second wave of infections in Vietnam.   … [Read more...] about Vietnam declares 30 COVID-19 patients free of virus

A cleaner wearing a protective suit sanitises seats at the San Paolo stadium ahead in Naples, Italy, March 4, 2020 - PHOTO: REUTERS ROME (REUTERS) - Italy’s sports minister said he will propose extending the ban on all competitions to the whole of April in an effort to contain the coronavirus. … [Read more...] about Italian minister to propose extending sports ban to whole of April – paper

“We have isolated all medical staff, doctors and patients of the hospital. The current number of people present at the hospital is approximately 3,500, of which, there are 800 patients who cannot be discharged or transferred to lower levels and 552 patients with end-stage renal failure that require dialysis,” Tuấn said.  … [Read more...] about Field hospital set up inside Bach Mai Hospital