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As WHO fumes at Western drugmakers, China fills void on vaccines

For months, the World Health Organization (WHO) has called on countries to come together to ensure a fair distribution of coronavirus disease 2019 (COVID-19) vaccines among rich and poor nations. Now it’s starting to lose patience.

Sinovac steps up defense of shot after confusing data

China’s Sinovac Biotech Ltd. defended the efficacy of its coronavirus disease 2019 (COVID-19) shot, saying the vaccine that’s being rolled out from Indonesia to...

Thailand sold itself as a paradise COVID retreat — no one...

It’s hard to imagine a more luxurious place to spend two weeks of quarantine than the Anantara Phuket Suites & Villas in Thailand, where visitors are pampered in private residences that can have their own pool and courtyard.

Philippine Banks’ Pandemic Rebound Quicker Than Asian Crisis Era

BLOOMBERG — Philippine banks will recover faster from the impact of the coronavirus pandemic than they did from the Asian financial crisis due to...

China to donate 500,000 coronavirus vaccine doses to Philippines

China will donate 500,000 coronavirus vaccine doses to the Philippines and vowed to accelerate infrastructure investment in the Southeast Asian nation as ties between...

Missing chips snarl car production at factories worldwide

More than a year after its outbreak, the coronavirus keeps finding new ways to hit carmakers.

Singapore restricts flexibility for some foreign employees

Singapore is tightening restrictions on intra-corporate transferees, one category of workers brought from overseas offices of multinational corporations, the Straits Times reported.

Singapore to legislate on contact-trace data use for crimes

Singapore’s government plans to create urgent legislation to formalize the use of virus contact-tracing data in investigations of serious crimes.

Airlines try ultra-cheap fares to get the world flying again

The nightmare year of 2020 brought the airline industry’s first decade of sustained profitability to a shuddering halt. The coronavirus pandemic tore through in a tumultuous, unprecedented way, leaving carriers in a deep hole, along with a constellation of aerospace manufacturers, airports, and leasing firms.

Elon Musk close to surpassing Jeff Bezos as world’s richest person

Elon Musk, the outspoken entrepreneur behind Tesla Inc. and SpaceX, kicked off the new year by homing in on a characteristically audacious title: the...

Dollar drops on first trading day, portending more losses ahead

The world’s reserve currency fell on the first trading day of 2021, foreshadowing more losses to come, after a slew of improving Asian manufacturing...

Valuation caution returns as emerging markets face 2021 reality

Rarely, if ever, can a year have started with price levels in emerging markets looking so divorced from the fundamental backdrop. Rising COVID-19 case numbers...

Thais Dipping Into Gold Savings Undermine Steps to Rein in Baht

Gold sales in Thailand are surging as households reach for a financial lifeline amid the pandemic, a tactic that risks complicating government efforts to...

Once a Billionaire Factory, Korea’s Beauty Industry Turns Ugly

Three years ago, Suh Kyung-bae was the second-richest person in South Korea. Today he’s barely Top 10, a stark reversal in a K-beauty boom...

Asia trounces US in Health-Efficiency Index amid pandemic

As a pandemic ravaged the world, Asian economies led by Hong Kong and Singapore topped a ranking of most-efficient health care systems. The Bloomberg Health-Efficiency...

A stock trader’s guide to the global COVID vaccine rollout

As COVID-19 vaccines start to receive emergency approvals, the race is on to distribute the one product that billions of people across the world will want. That’s creating investment opportunities as traders examine the companies involved in the global rollout.

Singapore adds charges against director in Wirecard case

Singapore authorities added three further fraud charges against the director of a local accounting firm in a case linked to disgraced German payments company Wirecard AG.

Avocados are the ‘pandemic-proof’ crop in lockdown health craze

Health-conscious consumers are eating avocados like never before during the pandemic.

Peso tipped for strong December on record remittances

The Philippine peso, which lagged its peers in Asia this quarter, may get a boost in December with millions of Filipinos abroad set to...

Virus hits Philippines outlook most across Southeast Asia

Economists have slashed their 2020 outlook for the Philippines by more than any other Southeast Asian nation as it struggles with one of the...

Brexit creates 500 customs jobs in Bosnia and the Philippines

Brexit has helped to create at least 500 jobs in Bosnia-Herzegovina and the Philippines over the last quarter as companies turn to overseas labor...

Deep-freeze challenge makes Pfizer’s vaccine one for the rich

WHEN Pfizer, Inc. and BioNTech SE’s coronavirus disease 2019 (Covid-19) vaccine rolls off production lines, Shanghai Fosun Pharmaceutical Group Co. will be waiting to distribute it through a complex and costly system of deep-freeze airport warehouses, refrigerated vehicles and inoculation points across China.

Southeast Asia’s Internet economy on verge of a post-COVID boom

Southeast Asia’s sizzling-hot Internet economy cooled during the pandemic but spending online should bounce back rapidly and triple to more than $300 billion by...

These are the airlines teetering on the brink of COVID ruin

Having a home government with deep—and open—pockets is emerging as key in terms of whether an airline will make it through the coronavirus pandemic.

A convention for YouTube stars plans for a post-pandemic future

The coronavirus pandemic gave Hank Green something he seldom has time for: a moment to think.

The case for buying Asia stocks over US ones

An expected surge in election-related volatility in the US stock market is paving the way for Asian shares to make a run at besting...

Democratic sweep in the US could boost Asian stocks

A Democratic sweep in next month’s US election would boost Asian equities, while reducing the allure of the region’s bonds, according to money managers and strategists.

Here’s what could happen if China invaded Taiwan

Xi Jinping’s Chinese Communist Party has threatened to invade Taiwan for more than seven decades. Now fears are growing among analysts, officials, and investors that it might actually follow through over the next few years, potentially triggering a war with the US.

Nintendo bulls betting Switch can provide gaming’s iPhone moment

With Nintendo Co. stock approaching its all-time high, there are some who see the creator of the Super Mario franchise as approaching a pivotal moment that could turn its flagship Switch into a perpetual gaming platform and break free of the industry’s traditional boom-bust cycle.

Singapore to pay would-be parents for babies as virus drags on

Singapore is set to provide a one-off payment to support parents looking to have a baby in an effort to ease people’s financial burden amid job layoffs and wage cuts during the coronavirus pandemic.

Shares of Philippine media giant shut by government surge 50% in...

Philippine media giant ABS-CBN Corp. rose by the 50% daily limit after announcing the return to free-to-air television of some of its entertainment shows three months since it was denied a congressional permit.

Philippines lets malls reopen further while virus deaths rise

The Philippines has allowed malls and several businesses to reopen further even as the Southeast Asian nation recorded more coronavirus deaths last month.

One day, thousands of job cuts: economic pain is deepening

Tens of thousands of job cuts announced by blue-chip companies in a 24-hour period are a warning sign for the world’s recovery and emerge just ahead of two key reports forecast to show limited progress in the US labor market.

New Philippine tax adds more pain to pandemic-hit online casinos

China-centric online casinos in the Philippines will incur more losses and more are expected to shut after a pandemic relief law imposed a new tax on the industry, a gaming authority official said.

Peso set for best quarterly performance in a decade

The Philippine peso is heading for its biggest quarterly gain in a decade and still has scope to appreciate due to positive fund flows,...

Early COVID treatments could be ‘bridge’ to vaccine, Fauci Says

Monoclonal antibodies that stop the coronavirus from spreading in the body are among promising strategies for averting severe illness from COVID-19 before vaccines arrive, said Anthony S. Fauci, director of the National Institute of Allergy and Infectious Diseases.

‘Lockdown Lite’ is the new strategy for fighting COVID-19

Fresh off a summer of relative freedom after harsh lockdowns at the beginning of the pandemic, Europe is trying a new strategy to halt the coronavirus’s next surge: Lockdown Lite.

Crypto is beating gold as 2020’s top asset so far

A cryptocurrency mania known as decentralized finance has helped to turn digital currencies into this year’s best-performing asset by far.

Duterte gets tough on China, leaning back to old ally America

After years of shifting the Philippines closer to China, President Rodrigo R. Duterte appears to be leaning back toward the US. The 75-year-old leader on...

PAL pays 80% of $329 million refund requests

Philippine Airlines Inc. (PAL) said it has already paid back 80% of the 15.9 billion pesos ($329 million) in refund requests it received amid...

COVID grows less deadly as doctors gain practice, drugs improve

COVID-19 continues to kill close to 1,000 Americans a day. But for those who develop dangerous cases of the infection, advances in medical care and the growing experience of doctors are improving the chances of survival.

Shopping is moving online, esports are going the other way

It still surprises many people that professional video-game tournaments fill 50,000-seat arenas and that millions of fans watch from their bedrooms, aspiring to compete themselves one day. What hasn’t passed some entrepreneurs by, however, is that this is quietly fueling a big market opportunity.

Super-rich step up big stock sales after global prices surge

Some of the world’s wealthiest people have sold more than $3 billion of stakes in their major holdings since August, diversifying their fortunes as stock markets rebounded.

Filipino billionaire Lucio Tan’s bank plans $1 billion prime asset sale

Philippine National Bank (PNB) is seeking to dispose of three prime properties that it values at about $1 billion as early as this year,...

Billionaires line up to take their unloved companies private

Move over, private equity: There are some new buyers in town, and they know their targets better than anyone.