‘Unparalleled decline’ in energy investment seen
Annual global energy investments are primed for an “unparalleled decline” of 20 percent, or by $400 billion, in 2020 due to the coronavirus disease (COVID-19) pandemic, according to the International…
COVID-19 shadow loomed large over decline of first quarter infra spending
Public infrastructure spending rose in March, but first-quarter total fell year-on-year and below target, squeezed partly by the COVID-19 lockdown that started middle of March and froze major projects, the…
Biggest economic decline since waning years of Marcos regime seen
MANILA, Philippines — The Philippine economy’s contraction this year could be greater than earlier predicted as measures to contain the coronavirus outbreak weigh on domestic demand and investments, and the…
Asian shares decline on jitters over new outbreaks of virus
BANGKOK — Shares fell Tuesday in Asia as worries over fresh outbreaks of coronavirus cases overshadowed hopes over reopening economies. A worker cleans near a bank’s currency advertisement board in…
Significant decline in Sri Lanka tea exports after many decades
The Island/Asia News Network COLOMBO — Sri Lanka’s tea production, in March, and the first quarter, has declined to the lowest level, in many decades, a Tea Exporters’ Association report…
Apple pinched by pandemic; profit, iPhone sales decline
FILE – The newly renovated Apple Store at Fifth Avenue is pictured on September 19, 2019 in New York City. (Photo by Johannes EISELE / AFP) BERKELEY, California — Apple’s…