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InfoPulseToday coverage of breaking news and current headlines in Asia and around the world. Top stories, photos, videos, detailed analysis and in-depth reporting.

Philippines stocks plunge deepest since 2016 due to coronavirus

The Philippines has recorded its deepest fall in shares as growing concerns over coronavirus hit Asian and global markets. Based on reports, the Philippine Stock Exchange Index plunged 4.3 % on Wednesday trading, tumbling the most since January 2016. The Bankers’ Association of the Philippines also said that the peso succumbed to the dollar, finishing […]

US drugmaker Moderna submits coronavirus vaccine for testing

After only six weeks of immunization development, biotech firm Moderna Inc. has shipped the first batch of its experimental coronavirus vaccine to the National Institute of Allergy and Infectious Diseases (NIAID) of the United States. The vaccine, called mRNA-1273, is said to be the first vaccine that will be used by American researchers in a […]

Disney’s CEO steps down, company insider to assume top post

Walt Disney Co. announced on Tuesday that chief executive Bob Iger has stepped down from the top job after more than 15 years in the service. Bob Chapek, a 27-year veteran of Disney, has been elected as the new CEO by the company’s board. While Iger will assume the role of executive chairman and will direct the […]

Norwegian oil giant cancels plan to drill in Great Australian Bight

Equinor, a Norwegian multinational energy company, announced that it has abandoned its plan to drill for oil in the Great Australian Bight for reasons that it is “not commercially competitive.” The oil and gas giant was given a green light to start its exploratory drills, at a depth of 2.5 kilometers in South Australia’s coastline, […]

Philippines deports 9 Japanese fraud suspects

Nine Japanese nationals who are wanted for telecommunications fraud were deported Monday by the Bureau of Immigration (BI) of the Philippines. The suspects, according to the Business World, were identified as Irie Dai, Ishii Kyogo, Hamaoka Kantaro, Maeyama Takuto, Tanaka Kazuya, Yoshida Takeshi, Murata Seiichi, Kouki Shouji, and Imizumi Ryo. Media reports said that the […]

South Korea faces economic difficulty as virus cases climb

From only 31 cases on February 18, South Korea has confirmed a sudden increase in its coronavirus cases that reached 833 as of Monday afternoon. The government over the weekend declared that the virus alert has been raised to its highest level and intensified quarantine measures to contain the virus spread. Aside from human infection, South […]

India’s travel ban on Singapore threatens tourism

The Government of India added Singapore to its travel ban list to control the deadly coronavirus outbreak. On Saturday, India released a travel advisory asking citizens to avoid non-essential travel to Singapore. Analysts say that the new advisory will restrain tourist inflow into Singapore considering that India is among its top sources of international visitors. […]

Honda to halt production in the Philippines, leaving 400 Filipinos jobless

Japanese automobile maker Honda announced that it will close its production plant in Laguna, Philippines by March to meet customers’ needs through “efficient allocation and distribution of resources.” “As such, after consideration of optimization efforts in the production operations in Asia and Oceania region, Honda decided to close the manufacturing operations of HCPI (Honda Cars Philippines […]

Japan’s auto industry forms task force vs COVID-19

Japanese automakers, in coordination with the central government, have created a task force aimed at addressing the growing threat of the coronavirus outbreak to the country’s automotive industry. The COVID-19 brought wide-ranging impact on the said industry with the extended closure of auto plants in China, including Japanese manufacturers like Honda, Mazda, Mitsubishi and Toyota. According […]

Indonesian bank trims rates to head off coronavirus impact

The central bank of Indonesia has cut its interest rates by 25 basis points to 4.75% to prevent the impact of the COVID-19 outbreak that hammers the country’s travel, tourism and trade industries. Although Indonesia has not reported any confirmed case of the deadly virus, officials are worried about the fallout from the epidemic. The closure […]

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