Fri, 10 Jul 2020

JERUSALEM -- The Israeli government approved the expansion of the economic emergency plan to 100 billion new shekels (about 28.3 billion U.S. dollars), the state's Ministry of Finance said on Sunday.

This marks additional 4.42 billion dollars to the emergency plan announced by the ministry in late March to aid the Israeli economy and health system due to the coronavirus pandemic. (Israel-Economy)

- - - -

CANBERRA -- Australia's treasurer has flagged further support for the nation's tourism industry amid the coronavirus crisis.

Josh Frydenberg said on Monday morning that some of the 60 billion Australian dollars (39.2 billion U.S. dollars) in savings from the JobKeeper wage subsidy scheme could be redistributed to the struggling tourism industry. (Australia-Tourism)

- - - -

TOKYO -- Tokyo stocks opened sharply higher Monday as investor sentiment was bolstered by hopes Japan's economy will soon be fully reopened with the final lifting of the state of emergency still in place for Tokyo and surrounding regions.

As of 9:15 a.m., the 225-issue Nikkei Stock Average gained 315.60 points, or 1.55 percent, from Friday to 20,703.76.

The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, added 19.96 points, or 1.35 percent, at 1,497.76. (Japan-Tokyo Stocks)

- - - -

YANGON -- The power sector topped Myanmar's foreign direct investment (FDI) with over 1 billion U.S. dollars of investment capital from six permitted foreign enterprises in first seven months of current fiscal year (FY) 2019-2020, government figures showed Monday.

As of April 30 of present FY, Myanmar attracted a total of over 3.35 billion U.S. dollars' foreign investment, according to figures released by Myanmar's Directorate of Investment and Company Administration on Monday. (Myanmar-Foreign Investment)

Sign up for Kuwait News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!