News Snapshot:
The Philippine and Malaysian economies continued contracting in the first three months of the year, adding to signs that some of Southeast Asia ’s biggest nations are struggling amid a resurgence in coronavirus cases. The quarterly figures released on Tuesday – which came in below all forecasts for the Philippines – add to recent weaker signals from top regional economies Indonesia and Thailand . All four countries have faced a surge of Covid-19 cases in recent weeks, part of the broader challenge across Asia’s developing economies to stem a renewed outbreak, particularly in India . Among Southeast Asia’s biggest economies,...
