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Friday, 17 April 20
PANDEMIC TO BRING ASIA'S 2020 GROWTH TO HALT FOR 1ST TIME IN 60 YEARS - IMF: REUTERS
 Asia’s economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an “unprecedented” toll on the region’s service sector and major export destinations, the International Monetary Fund said.
Policymakers must offer targeted support to households and firms hardest-hit by travel bans, social distancing policies and other measures aimed at containing the pandemic, said Changyong Rhee, director of the IMF’s Asia and Pacific Department.
“These are highly uncertain and challenging times for the global economy. The Asia-Pacific region is no exception. The impact of the coronavirus on the region will be severe, across the board, and unprecedented,” he told a virtual news briefing conducted with live webcast.
“This is not a time for business as usual. Asian countries need to use all policy instruments in their toolkits.”
Asia’s economy is likely to suffer zero growth this year for the first time in 60 years, the IMF said in a report on the Asia-Pacific region released on Thursday.
While Asia is set to fare better than other regions suffering economic contractions, the projection is worse than the 4.7% average growth rates throughout the global financial crisis, and the 1.3% increase during the Asian financial crisis in the late 1990s, the IMF said.
The IMF expects a 7.6% expansion in Asian economic growth next year on the assumption that containment policies succeed, but added the outlook was highly uncertain.
Unlike the global financial crisis triggered by the 2008 collapse of Lehman Brothers, the pandemic was directly hitting the region’s service sector by forcing households to stay home and shops to shut down, the IMF said.
The region’s export powerhouses were also taking a battering from slumping demand for their goods by key trading partners such as the United States and European countries, it said.
China’s economy is expected to grow by 1.2% this year, down from 6% growth in the IMF’s January forecast, on weak exports and losses in domestic activity due to social distancing steps.
The world’s second-largest economy is expected to see a rebound in activity later this year, with growth to bounce back to 9.2% next year, the IMF said.
But there were risks even to China’s growth outlook as the virus could return and delay normalization, the IMF said.
“Chinese policymakers have reacted very strongly to the outbreak of the crisis … If the situation becomes aggravated, they have more room to use fiscal, monetary policies,” Rhee said. “Whether that would be needed will really depend on progress in containing the virus.”
Asian policymakers must offer targeted support to households and firms hit hardest by the pandemic, the IMF said, calling also for efforts to provide ample liquidity to markets and ease financial stress faced by small and midsize firms.
Rhee warned that direct cash transfers to citizens, part of the U.S. stimulus package, may not be the best policy for many Asian countries which should focus on preventing small firms from going under to stop a sharp increase in unemployment.
Emerging economies in the region should tap bilateral and multilateral swap lines, seek financial support from multilateral institutions, and use capital controls as needed to battle any disruptive capital outflows caused by the pandemic, the IMF said.
Source: Reuters (By Leika Kihara)
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Wednesday, 07 April 21
KOMIPO ISSUED A TENDER FOR TOTAL 1,560,000 METRIC TONS OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for total 1,560,000 Metric Tons of Bituminous coal for i ...
Wednesday, 07 April 21
MARKET INSIGHT - INTERMODAL
Following the end of the catholic easter, during which the majority of shipping market participants were on holidays, it is interesting to note a f ...
Wednesday, 07 April 21
COAL USED TO GENERATE ELECTRIC POWER IN U.S. WILL INCREASE BY 13 PERCENT TO 495 MMST IN 2021 - EIA
EIA expects U.S. coal production to total 585 MMst in 2021, 46 MMst (9%) more than in 2020. In 2022, EIA expects coal production to grow by an addi ...
Wednesday, 31 March 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.12 PCT - XINHUA
China Taiyuan coal transaction price index stood at 139.03 points Monday, up 0.12 percent week on week.
The index, released by China ...
Wednesday, 31 March 21
MARKET INSIGHT - INTERMODAL
Over the past week, the biggest story has been the blockage of the Suez Canal, as a result of the grounding of the container ship Ever Given. At th ...
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- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
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